Good afternoon- can you help me understand some of these topics?


Question Description:

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Good afternoon- can you help me understand some of these topics? There is time until end of this week. No rush today. CW CH 3.xlsx 1 Joe’s Tuxedos has monthly fixed costs of $12,000. The variable costs of sales are 60%. What is the break-even monthly sales revenue? Question 1 options: $20,000 $30,000 $19,200 $7,200 2 Delta Manufacturing has sales of $2,000,000 with direct materials cost of $400,000, direct labor of $280,000, variable overhead of $120,000, and fixed costs of $300,000. What is Delta’s contribution margin percentage? Question 2 options: 40% 55% 60% 45% 3 If a company has a 45% contribution margin ratio and has fixed costs of $250,000, how much sales does it need to earn a gross profit of $200,000? Question 3 options: $1,000,000 $555,556 $818,182 $652,500 4 Leisure Products management wants to ensure that each product makes a profit. The company produced a hammock that sold 3,500 units at $80 per The variable cost of production was $36 per unit. The fixed costs were $110,000. What was the margin of safety? Question 4 options: $54,000 $80,000 $126,000 $20,000 5 Sports Specialty Inc. produces a bicycle that it normally sells wholesale for $250 per bike. The variable costs of production are $160 and the fixed cost for this product line is $154,000 per month. The company has been selling this product at The company has received an order for 1,000 bikes at a price of $182 per bike. The order is to ship to a market where the company has no business, so The company has the capacity to produce the special order. How much will operating profit increase if Sports Specialty accepts this order? Question 5 options: increase of $26,000 increase of $48,000 decrease of $55,000 increase of $22,000 6 Premier Manufacturing makes and distributes a wall clock that is popular with schools and other institutions. Normal monthly sales are 2,500 clocks a Production of each clock takes 15 minutes of direct labor and has material costs of $14. The direct labor rate is $22 per hour, and overhead is applied a The overhead spending is 60% fixed and 40% variable costs. Premier has been approached by a supplier offering to supply all of the clocks at a finished sume that all fixed overhead would remain, but the variable overhead would be eliminated. What would be the change in monthly operating income if Question 6 options: increase of $3,750 decrease of $3,750 increase of $11,250 decrease of $11,250 7 Roscoe Enterprises has sales for a three-month period as follows: May, $240,000; June, $280,000; July, $275,000. All sales are on account, and history collected 10% in the month of the sale, 60% in the month after the sale, and 30% two months after the sale. What are Roscoe’s expected cash collectio Question 7 options: $267,500 $172,000 $275,000 $280,000 8 Mega Manufacturing has a budget to sell 100,000 units of a certain product at a selling price of $35 per unit. Variable costs for materials, labor, and ov Fixed cost is $800,000. Actual sales were 110,000 units, and management would like to see actual manufacturing performance compared to a budget What would be the adjusted budgeted operating profit? Question 8 options: $1,870,000 $900,000 $1,070,000 $990,000 9 A company president wants the chief financial officer to tell him how many sales are required to make a $1,000,000 operating profit. Variable production costs are 70% of sales, and fixed costs are $2,750,000. What are the required sales, rounded to the closest dollar? Question 9 options: $8,750,000 $5,357,143 $9,166,667 $12,500,000 10 Top Dog Company has a budget with sales of 5,000 units and $3,200,000. Variable costs are budgeted at $1,750,000, and fixed overhead is budgeted a What is the budgeted manufacturing cost per unit? Question 10 options: $350 $530 $640 $460 11 Problem 1 (20 points) X-Ray Manufacturing has the following revenues and costs: Sales Fixed overhead Direct labor Direct materials Selling expenses Administrative expenses Variable o

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