Week 5 individual assignment

BE18-8
Selling price $600
Variable Cost per unit $300
Fixed cost $258,000
Mathematical Equation
$600Q=$300+$258,000
$300Q=$258,000
Q=800 units
Contribution margin per unit $300, or ($600-$300)
X=$258,000/$300
X=800 units
BE18-10
1-0.62=.38
($187,800+$70,296)/.38=$258,096/.37=$679,200
BE18-11
Margin of Safety $1,190,000-$809,200= $380,800
Margin of Safety Ratio $380,800/$1,190,000= 32%
BE19-16
Direct Materials
Direct Labor
Variable manufacturing overhead
Total Production Costs

E19-17

$14,453
$25,675
$31,964
$72,092

Part A) Unit Cost

Direct Marterials
Direct Labor
Variable manufacturing overhead
Manufacturing cost per unit

$7.88
$2.57
$6.04
$16.49

Part B) Income Statement

Sales

$2,115,750

Variables Cost of Goods

Variable Selling &Administrative Expense

$1,329,094
$330,460
$1,659,554

Contribution Margin
Fix Manufacturing Overhead
Fixed selling and Administrative expenses

$456,196
$247,345
$252,105
$499,450

Net Income/(Less)

($43,254)

Part C) Unit Cost

Direct Materials

$7.88

Direct Labor

$2.57

Variable manufacturing overhead($247,345/95,500)

$6.04

Fix Manufacturing Overhead

$2,59

Manufacturing cost per unit

$19.08

Part D) Income
Sales

$2,115,750

Cost of Goods Sold

$1,537,848

Gross profit

$577,902

Variable Selling & Adm. Expense

Fix Selling & Adm exp.

$330,460
$252,105
$582,565

Net Income/(loss)
BE21-1
Budget 320,400-Actual 331,600=($11,200) Favorable

($4,663)