Wang Co. manufactures and sells a single product that sells for $250 per unit; variable...
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Accounting
Wang Co. manufactures and sells a single product that sells for $250 per unit; variable costs are $145 per unit. Annual fixed costs are $873,600. Current sales volume is $4,280,000. Compute the break-even point in dollars.
Multiple Choice
$1,940,224.
$1,512,232.
$2,813,824.
$4,286,025.
$2,080,000.
Using the information below, calculate cost of goods sold for the period:
Sales revenues for the period
$
1,319,000
Operating expenses for the period
254,000
Finished Goods Inventory, January 1
51,000
Finished Goods Inventory, December 31
56,000
Cost of goods manufactured for the period
555,000
Multiple Choice
$799,000.
$515,000.
$804,000.
$403,000.
$550,000.
Kent Co. manufactures a product that sells for $62.00 and has variable costs of $36.00 per unit. Fixed costs are $299,000. Kent can buy a new production machine that will increase fixed costs by $13,000 per year, but will decrease variable costs by $4.00 per unit. Compute the contribution margin per unit if the machine is purchased.
Multiple Choice
$22.00.
$30.00.
$26.00.
$40.00.
$35.00.
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