Business, 14.05.2021 01:00 charlotte67
Lorge Corporation has collected the following information after its first year of sales. Sales were $2,500,000 on 100,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $1,351,000; direct labor $250,000; administrative expenses $270,000 (20% variable and 80% fixed); and manufacturing overhead $350,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
a. Compute:
(1) the contribution margin for the current year and the projected year, and
(2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
b. Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to 2 decimal places e. g. 0.15 and final answers to 0 decimal places, e. g. 2,510.)
Answers: 3
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Business, 22.06.2019 19:30, taylorray0820
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Business, 22.06.2019 21:00, nasrah
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
Lorge Corporation has collected the following information after its first year of sales. Sales were...
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