Reference no: EM132251737

Questions -

Q1. The following totals are used to Develop a CVP Income Statement for Frederick Company for FY2018:

Frederick Company Selected Financial Figures For the Year Ended 12/31/18

Sales (100 units) $10,000

Variable Costs:

Direct Labor $1,750

Direct Materials 1,700

Factory Overhead (variable) 2,000

Selling Expenses (variable) 600

Administrative Expenses (variable) 500

Fixed Costs:

Factory Overhead (fixed) $600

Selling Expenses (fixed) 1,000

Administrative Expenses (fixed) 1,000

Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories. Use this information to determine the FY 2016 breakeven point in units. Round and enter as a whole number.

Q2. Adelphi Company has budgeted activity for March to reflect net income $125,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $39,000 payables to increase (decrease -) by $25,000 and Depreciation Expense is $44,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)

Q3. During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $10.00 per unit, fixed costs of $85,000, and net income of $40,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number).