What would be the operating income for mathers company

Assignment Help Financial Accounting
Reference no: EM132807882

Mathers Company had sales of $20,000 (200 units at $100 per). Manufacturing costs consisted of direct labor $1,600, direct materials $1,200, variable factory overhead $1,000, and fixed factory overhead $500. Selling expenses totaled $1,250 ($250 variable and $1,000 fixed), and administrative expenses totaled $1,600 ($410 variable and $1,190 fixed). Operating income was $12,850. Round all final answers to nearest dollar or whole number.

Requirements:

Problem 1: What is the break-even point in sales dollars and in units if the fixed factory overhead increased by $1,000?

Problem 2: What is the break-even point in sales dollars and in units if costs remain as originally projected?

Problem 3: What would be the operating income if sales units increased by 10%?

Reference no: EM132807882

Questions Cloud

Describe two potential problems with using self-rapport : Identify and describe two potential problems with using self-rapport measures(e.g participants questionnaires) in HRD evaluation.
Explain the challenges with freedom of speech : Analyze and explain the challenges with freedom of speech. Analyze and explain any challenges with freedom of information.
Compute depreciation expense for the first three years : OS 10-3 Straight line depreciation P1 On January 1, Compute depreciation expense for the first three years using the double declining-balance method.
What are the characteristics of a good trainer : What are the characteristics of a good trainer and what effect do these characteristics have on learning?
What would be the operating income for mathers company : What would be the operating income? What is the break-even point in sales dollars and in units if costs remain as originally projected?
Characteristics of training-management development : You are an HR specialist working for a large manufacturing company. In your role, you are in charge of the design and operation of Training & Management
Reasoning of justices and the impact of case on society : Analysis of the case by analyzing the reasoning of justices and the impact of case on society.
What should that be if stock today dollar sixty-eight : What should that be (in percent to two places) if their stock today is $68 and with a constant dividend growth of 1% their next dividend is estimated to be
British supervisor and japanese team leader : What is the main difference between a British Supervisor and a Japanese team leader?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the minimum line of credit to request from a lender

Do you believe that the company needs outside financing? What is the minimum line of credit to request from a lender? Do you think you are a good candidate

  Consider entire adjusting process at carnival corporation

Consider the entire adjusting process at Carnival Corporation. Which adjusting entry do you think results in the most significant expense reported in the company's income statement?

  What are the cash collections budgeted for june

What are the cash collections budgeted for June? What are the budgeted cash payments in June for inventory purchases? What is the balance of accounts payable on the June 30 budgeted balance sheet?

  Contrast the internal service funds and enterprise funds

State and local governments use proprietary funds to account for particular government operated activities. Discuss answers to the following questions and justify your response: Compare and contrast the Internal Service Funds and Enterprise Funds

  Explain how rika ltd costs should be accounted

Identify different costs listed in the case study and explain how Rika Ltd's costs should be accounted for under AASB 138/IAS 38 Intangible Assets

  Which of the assets does not belong to the category

Assets are assets held by companies. One of the assets is intangible assets. Which of the assets does not belong to the category of intangible assets?

  Discuss how shareholders perceive the debt ratio

Discuss how creditors perceive the debt ratio considering that they have different perspective and expectations with respect to the performanca

  Prepare journal entries for each of the above transactions

Problem: Memo had the following transactions during the year: Prepare journal entries for each of the above transactions.

  Identify any gain or loss as a result of this distribution

Does Hayden identify any gain or loss as a result of this distribution and evaluate Hayden's basis in the land, in inventory, and in partnership interest immediately following the distribution.

  Critical slides of your presentation and placement

Create a 12-slide presentation. Follow the outline on pp. 343-346 for the critical slides of your presentation and their placement - Did not submit or incompletely followed the outline on pp. 343-346 for the critical slides of your presentation and..

  Compute arrows variances for factory overhead

Compute Arrow's direct material variances and compute Arrow's direct labor variances, compute Arrow's variances for factory overhead.

  Do lays and walmart would use the same method

What do you need to take into consideration when setting an inventory method? do you think Lays and Walmart would use the same method?

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