Accounting Assignment | Custom Assignment Help
1) Brief Exercise BE18-1
Monthly production costs in Pesavento Company for two levels of production are as follows.
- Cost 3,000 units 6,000 units
- Indirect labor $10,000 $20,000
- Supervisory salaries 5,000 5,000
- Maintenance 4,000 7,000
Indicate which costs are variable, fixed, and mixed.
- Indirect labor Variable cost
- Supervisory salaries Fixed cost
- Maintenance Mixed cost
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2) Brief Exercise BE18-7
Bruno Manufacturing Inc. has sales of $2,200,000 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses.
- Variable Fixed
- Cost of goods sold $920,000 $440,000
- Selling expenses 70,000 45,000
- Administrative expenses 86,000 98,000
Complete the CVP income statement for the quarter ended March 31, 2010.
BRUNO MANUFACTURING INC.
CVP Income Statement
For the Quarter Ended March 31, 2010
- Sales $2,200,000
- Variable costs 1,076,000
- Contribution Margin 1,124,000
- Fixed costs 583,000
Net income $541,000
3) Brief Exercise BE18-11
For Dousmann Company actual sales are $1,200,000 and break-even sales are $840,000. Compute the following (a) the margin of safety in dollars and (b) the margin of safety ratio.
Margin of safety in dollars $360,000
Margin of safety ratio 30%Get accounting assignment homework help today.
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