Bridgeport Copy & Printing wants to predict copy machine repair expense at different levels of copying activity (number of copies made). The following data have been gathered:
|Month||Repair Expense||Copies Made|
Determine the fixed and variable components of repair expense using the high-low method. Use copies made as the measure of activity. (Round variable component per copy to 2 decimal places, e.g. 0.15.)
|Variable Component||$enter a dollar amount per copy rounded to 2 decimal places||per copy|
|Fixed Component||$enter a dollar amount per month rounded to 0 decimal places||per month|
- Pearl has estimated that fixed costs per month are $329,485 and variable cost per dollar of sales is $0.35.
What is the break-even point per month in sales dollars?
|Break-even point||$enter break-even point per month in dollars|
What level of sales dollars is needed for a monthly profit of $29,055?
|Sales||$enter sales in dollars|
For the month of July, the marina anticipates sales of $1,019,300. What is the expected level of profit?
|Expected level of profit||$enter expected level of profit in dollars|
- Bridgeport, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $380 and the fixed cost per month is $45,260. For November, the company expects to sell 124 pairs of speakers.
Calculate expected profit.
|Expected profit||$enter expected profit in dollars|
Calculate the contribution margin ratio, Break-even sales, Expected sales and margin of safety in dollars. (Round contribution margin ratio and intermediate calculations to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)
|Contribution margin ratio||enter contribution margin ratio rounded to 2 decimal places|
|Break-even sales||$enter break-even sales in dollars rounded to 0 decimal places|
|Expected sales||$enter expected sales in dollars rounded to 0 decimal places|
|Margin of safety||$enter margin of safety in dollars rounded to 0 decimal places|
- Roger Manufacturing produces snow shovels. The selling price per snow shovel is $27.00. There is no beginning inventory.
|Costs involved in production are:|
|Variable manufacturing overhead||2.00|
|Total variable manufacturing costs per unit||$12.00|
|Fixed manufacturing overhead per year||$252,000|
In addition, the company has fixed selling and administrative costs of $170,400 per year.
During the year, Roger produces 52,500 snow shovels and sells 47,850 snow shovels.
What is the value of ending inventory using full costing?
|Value of ending inventory||$enter value of ending inventory in dollars|
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