Determine the contribution margin in dollars per unit and

Assignment Help Accounting Basics

Reference no: EM13580971

1) Burns Company incurred the following costs during the year: direct materials $23 per unit; direct labor $14 per unit; variable manufacturing overhead $17 per unit; variable selling and administrative costs $9 per unit; fixed manufacturing overhead $125,000; and fixed selling and administrative costs $11,000. Burns produced 15,625 units and sold 6000 units.

Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing.

		Manufacturing cost
(a)	Absorption Costing	$
(b)	Variable Costing	$

2) In the month of June, Jose Hebert's Beauty Salon gave 3,210 haircuts, shampoos, and permanents at an average price of $39. During the month, fixed costs were $16,540 and variable costs were 75% of sales.

Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. $5.25 & 10.50%.)

Contribution margin	$
Contribution margin per unit	$
Contribution margin ratio		%

Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.)

Break-even point		$
Break-even point			units

Compute the margin of safety in dollars and as a ratio. (Round answers to 0 decimal places, e.g. 1,225 & 25%.)

Margin of safety		$
Margin of safety ratio			%

Reference no: EM13580971

Questions Cloud

In each of the following independent cases indicate the : in each of the following independent cases indicate the amount 1 deductible for agi 2 deductible from agi and 3 neither

Using the degree of operating leverage that you computed in : oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the

At a total cost of 2000000 stieg corporation acquired : at a total cost of 2000000 stieg corporation acquired 160000 shares of larson corp. common stock as a long-term

When using the high low method the question says be sure : when using the high low method the question says be sure to consider only the data points contained in the relevant

Determine the contribution margin in dollars per unit and : 1 burns company incurred the following costs during the year direct materials 23 per unit direct labor 14 per unit

The following data relate to direct labor costs for the : the following data relate to direct labor costs for the current period standard costs 9000 hours at 5.50 actual costs

When using the high low method the question says be sure : when using the high low method the question says be sure to consider only the data points contained in the relevant

The following data relate to direct materials costs for : the following data relate to direct materials costs for november actual costs 4700 pounds at 5.40 standard costs 4500

Mr and mrs gumball are both over age 65 they had income : mr. and mrs. gumball are both over age 65. they had income this year consisting of 8500 earned income and 1500 in

User Account

All Pages