Prepare flexible budget showing the contribution margins

Assignment Help Financial Accounting
Reference no: EM132815344

Question - Priscilla manufactures Jars of Jam. The management of Priscilla's company would like to know what the effect on profits is for different activity levels. You are provided with the following details.

Sales $2 per unit.

Variable costs $1.25 per unit.

Fixed Costs:

Factory Overhead is $480,000 per annum.

Selling costs are $12,000 per month.

Administration and Financial expenses $150,000 per quarter.

Required - Prepare Flexible Budget showing the Contribution Margins at the following activity levels of light globes sold during a month: 190,000: 200,000: 210,000.

Reference no: EM132815344

Questions Cloud

What is the amount of gross profit margin : Robinson Company reported the following: Manufacturing costs $2,000,000 and Units manufactured 50,000. What is the amount of gross profit margin
What is the reporting purpose of the statement of cash flows : What is the reporting purpose of the statement of cash flows? Is depreciation a source of cash flow? Why or why not? reference needed for further reading
Impact psychological processes and behavior : Choose one area of psychology (e.g., perception, ideas about consciousness, memory, emotions, and health psychology).
What is meant by a student-centered classroom : What is meant by a student-centered classroom and authentic learning?
Prepare flexible budget showing the contribution margins : Prepare Flexible Budget showing the Contribution Margins at the following activity levels of light globes sold during a month: 190,000: 200,000: 210,000
How would you integrate the organization into your work : Research their current role in youth work, development, value messages and services. What advantages does the organization you selected offer to the youth.
How do events impact interest rate expectations : The Greek Crisis and the recent Brexit all being good cases. How do these events impact interest rate expectations and therefore IRP between major currencies?
What is meant by a student-centered classroom : What is meant by a student-centered classroom and authentic learning?
The sociopolitical self : Write down your discoveries and insights regarding your social identity as influenced by Filipino core traits and values, and your political identity

Reviews

Write a Review

Financial Accounting Questions & Answers

  How does the degree of operating leverage affect financial

How does the degree of operating leverage affect financial results? Why might a company want to decrease its operating leverage?

  What is the after-tax proceeds from sale of equipment

$1 million is sold for $2 milion. The tax rate is 40%. What is the after-tax proceeds from sale of equipment added to the free cash flow in the year of the sale

  Calculate the effect of the change in the assumed discount

Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2022 with respect to Davenport.

  How much would net income increase if another 100 units were

In the space provided calculate each for scenario A, B and C. How much would net income increase if another 100 units were sold in scenario A?

  What is balance in the investment account on december

Any excess of cost over book value was assigned to goodwill. During 2011, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is balance in the investment account on December 31, 2011?

  Create an income statement for August

Show how to create an income statement for August, a retained earnings statement for August and a balance sheet at August 31

  Prepare adjusting journal entries and statement of earnings

Prepare the adjusting journal entries, an adjusting trial balance, the statement of earnings (income statement), statement of financial position

  Prepare required journal entry on books of summit electronic

Prepare the required journal entries on the books of Summit Electronics Company and Farley Hardware for the transactions in 2019.

  What are the steps in the decision making process

What are the steps in the decision making process? Share experiences you may have in the decision-making process at your work.

  Prepare statement of partnership equity for the year ended

Net income of $150,000 was earned in 2016. In addition, Dennis overton received a salary of $40,000 for the year. The three partners agree to an income sharing ratio equal to their capital balances after admitting Campbell. The partners withdrawals a..

  Compute the external financing need

A firm has sales of $782,600, a profit margin of 7.23 percent, and a capital intensity ratio of 1.31. What is the firm's return on assets?

  Prepare the journal entries to record required adjustments

Prepare the journal entries to record the required adjustments for the event. It is early in February 2017 and you are conducting

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd