Adeola Adesokan (D03511372) Case Study 2 ( Spring field express) a). Variable cost per passenger=$70.00 Full fare per passenger=$160.00 Contribution margin = $ 160- $ 70 = $ 90 per passenger Contribution margin ratio = $ 90/$160 = 56.25% Break-even point in passengers = Fixed costs/Contribution Margin = $ 3‚150‚000/$ 90 per passenger = 35‚000 passengers Break-even point in dollars = Fixed Costs/Contribution Margin Ratio= $ 3‚150‚000/0.5625
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Fouch Company makes 30‚000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials 15.70 Direct labor 17.50 Variable manufacturing overhead 4.50 Fixed manufacturing overhead 14.60 Unit product cost 52.30 An outside supplier has offered to sell the company all of these parts it needs for $51.90 a unit. If the company accepts this offer‚ the facilities now being used to make the part could be used to make
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AC505 Practice Quiz #1 1. For which of the businesses would the job order cost system be appropriate? a. Auto repair shop b. Crude Oil refinery. c. Drug Manufacturer. d. Root beer producer. 2. Which of the following companies would most likely use job costing? a. Paper manufacturer. b. Paint Producer. c. Breakfast cereal maker. d. Advertising agency. 3. An equivalent unit of conversion costs is equal to the amount of conversion costs required to: a. Start a unit. b. Start and complete
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1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) 3. Question : (TCO A) Depreciation of office buildings and office equipment is also known as 4. Question : (TCO A) When the activity level is expected to increase within the relevant range‚ what effects would be anticipated with respect to each of the following? 5. Question : (TCO F) Which
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Sovereign Millwork‚ Ltd.‚ produces reproductions of antique residential moldings at a plant located in Manchester‚ England. Because there are hundreds of products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours.
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(TCO D) A company that has a profit can increase its return on investment by (Points : 5) increasing sales revenue and operating expenses by the same dollar amount. increasing average operating assets and operating expenses by the same dollar amount. increasing sales revenue and operating expenses by the same percentage. decreasing average operating assets and sales by the same percentage. 2. (TCO D) Given the following data‚ what would ROI be? Sales
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a) Contribution margin= Sales per unit - Varibale expenses per unit $160 - $70 $90 Break even point in passengers = Fixed expenses / Unit CM 3‚150‚000 / 90 35‚000 units Break even point in revenues per month = Unit sales to break even X Sales per unit 35‚000 X $160 $5‚600‚000 b) Break even point in number of passenger cars per month * 90 X 70% 35‚000 / 63 63 555.5555556 or 556 Cars c) Break even point in
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Case Study I Materials purchased $325‚000 Direct Labor $220‚000 Sales $1‚350‚000 Gross Margin 30% Cost of Goods Available for Sale $1‚020‚000 Prime Costs $545‚000 Manufacturer Overhead 65% of Conversion cost Direct Materials $325‚000 Beginning Inventory numbers: Raw Materials $41‚000 Works in Process $56‚000 Finished Goods $35‚000 Formulas: Prime cost = Direct Materials cost + Direct Labor cost Conversion cost = Direct Labor cost
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Unit 505 1.1 A partnership is an arrangement between two or more groups‚ organizations or individuals to work together to achieve common aims. Effective partnership working must have some sort of personal stake in the partnership. All partners should work towards the same goal. The partners should have similar system of beliefs and work together over a reasonable period of time. Partners should understand the value of what each of them can contribute to the set aim. Both should respect and trust
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Mechatronics I Mechatronics I In course you will learn: y • About AC Voltage‚ Inductors and Capacitors • About diodes‚ filters and regulators. • About Bipolar Junction Transistors (BJTs) • How to troubleshoot circuits in the laboratory Mark Breakdown Mark Breakdown You can find this information in the Course Outline in Blackboard. • • • • • Lab Exam (Hands‐on) – 20 % Labs – 20 % L b 20 % Quizzes/home exercises – 15 % Midterm Test 20 % Midterm Test – 20 % Final Test – 25 % NOTE – You must be present in the lab and get
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