CHAPTER ESSENTIALS in this chaptet we have ahmen that Knwleigr of cost/volkumelp
ID: 3072266 • Letter: C
Question
CHAPTER ESSENTIALS in this chaptet we have ahmen that Knwleigr of cost/volkumelpnên rela tionshigs is important for thase seeking to undentand the need boe controd We bave given the basic formulos usied in cost/volume/prodit analsi and their use. We have defined several key terms, including breuk margin. eien puint, variable rate, cuntributiow rate. and contribution Finally, we have Mustrated the effect of excessive or sencoctroled costs on profits. 88 KEY TERMS IN THIS CHAPTER Break-even point Contribation margin Contribution rate Cost/volume/profit equation Variable rate QUESTIONS AND PROBLEMS 1. Given the following information, determine total dollar saless a. Cost of sales. $46.500 cost of laboc $33247, cost of overbead $75883 profit, $3.129 b. Cost of sales, $51,259, cost of labor. $77,351; cost of owerbead. $42.248 loss, $41.167 2. Given the fallowing information, find contrlbution margin. a. Average sales price per unit, $1322: average variable cost per unit $5.78 b. Average sales price per unit, $14.50 average variable rate, 36 c. Average sales price per unit, $16.30, average contribution rate. 55 d. Average variable cost per unit, $6.20 average variable rate. 3 e. Average variable cost per unit, $360 average contribution rate. (From this point on, the term average is eliminated from the problems This will affect peither the problems nor the solutions.) 3. Given the following information, find variable rate a. Sales price per unit, $1925 variable cost per unit. $6.70Explanation / Answer
question 1)
a)
total sales=cost of sales+cost of labor+coast of overhead+profit
=46500+33247+75883+3129
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b)
total sales=cost of sales+cost of labor+coast of overhead - loss
total sales = 51259+77351+42248-41167
please note that only one full question can be answered as per chegg answering guidelines
=$158759