the monkeyman Essay

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Pages: 10
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All the solutions for the problems that require calculations are on the attached excel sheet. When entering your answers, please check the requirements in the question, some of them ask you to round to 2 or 3 decimal place, some ask you to omit the dollar sign..etc

1.

The following monthly budgeted data are available for the International Company: Product C
Product J
Product R Sales
$
508,000
$
308,000
$
904,000 Variable expenses 296,000 204,000 714,000

Contribution margin
$
212,000
$
104,000
$
190,000

Budgeted net operating income for the month is $215,000.

Required:

a.
Calculate the break-even …show more content…
Omit the "$" sign in your response.)

Cost formula

$ +
$
per unit

$ +
$
per unit

b.

Compute the company’s total contribution margin for May. (Round your answer to the nearest whole number. Omit the "$" sign in your response.)

Contribution margin
$

5. The management of Harlow Corporation, a manufacturing company, would like your help in contrasting the traditional and contribution approaches to the income statement.
The company has provided the following financial data for January: Sales
$231,000
Variable production expense
$22,000
Fixed production expense
$38,000
Variable selling expense
$15,000
Fixed selling expense
$27,000
Variable administrative expense
$13,500
Fixed administrative expense
$49,000

The company had no beginning or ending inventories.

The contribution margin for January was:

$156,000

$180,500

$184,000

$66,500

= $231,000 – ($22,000 + $15,000 + $13,500)

6. Boening Enterprises, Inc., produces and sells a single product whose selling price is $148 per unit and whose variable expense is $48 per unit. The company's monthly fixed expense is $510,500. Assume the company's monthly target profit is $11,900. The unit sales to attain that target profit is closest to:

7,195

5,224

10,883

3,530

=

7.

Ringstaff Corporation produces and sells a single product. Data
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