1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mash [69]
3 years ago
12

Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Product costs include: Direct materials p

er helmet $ 30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable selling expense is a commission of $3 per helmet; fixed selling and administrative expense totals $29,500. Required: 1. Calculate the total variable cost per unit. 2. Calculate the total fixed expense for the year. 3. Prepare a contribution margin income statement for Head-First Company for the coming year.
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales= 5,000 units

Selling price= $75

Product costs include:

Direct materials per helmet= $30

Direct labor per helmet= $8

Variable factory overhead per helmet= $4

Total fixed factory overhead 20,000

Variable selling expense is a commission of $3 per helmet

The fixed selling and administrative expense totals $29,500

<u>The total variable cost is calculated as follow:</u>

<u></u>

Total variable cost= unitary variable cost*number of units

Unitary variable cost= direct material + direct labor + variable overhead + variable selling and administrative

Total variable cost= (30 + 8 + 4 + 3)*5,000= $225,000

Total fixed costs= 20,000 + 29,500= $49,500

<u>Income statement:</u>

Sales= 5,000*75= 375,000

Total variable cost= (225,000)

Contribution margin= 150,000

Total fixed factory overhead= (20,000)

The fixed selling and administrative expense= (29,500)

Net operating income= $100,500

You might be interested in
Why would someone choose to start a franchise business?
Rom4ik [11]

Answer:

The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. ... Training from successful business operators. A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.

6 0
3 years ago
Bond funds: a) Will lose all value if a single bond defaults b) Are investment bargains because their price is so low c) Are ris
Vsevolod [243]

Answer:

Spread the risk of individual bonds by collectively owning more and less-risky bonds, with higher and lower rates of return

Explanation:

A bond fund is a pooled investment vehicle that invests in various types of bonds. the types of bonds invested in includes cooperate bonds, government bonds and municipal bonds.

The primary objective of bond funds is to generate revenue for investors

Because bond fund is an aggregation of various types of bonds, the risk of the bond fund is lower than the risk of holding any corporate bonds. This is because risks are spread.

4 0
3 years ago
The manager of a local grocery store introduces a short conveyor belt that allows customers to place items on it prior to checki
goblinko [34]

This change is an example of the <u>"Ergonomic"</u> approach to job design.


"Job design" alludes to the way that an arrangement of assignments, or a whole job, is composed. Job design decides:  

What tasks are finished.  

How the tasks are finished.  

What number of tasks are finished.  

In what arrange the tasks are finished.  

A well designed job will energize an assortment of 'good' body positions, have sensible quality necessities, require a sensible measure of mental movement, and help cultivate sentiments of accomplishment and confidence.  

Ergonomics is the art of coordinating the job to the laborer and the item to the client.

4 0
3 years ago
Read 2 more answers
Rouse Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000
Scorpion4ik [409]

Answer:

See bellow

Explanation:

With regards to the above, Rouse total stockholder's equity is computed as;

= Preferred stock + common stock + paid in capital in excess of par (preferred stock and common stock) + retained earnings - Treasury stock

= $150,000 + $1,950,000 + $60,000 + $27,000,000 + $7,650,000 - $630,000

= $53,730,000

7 0
3 years ago
What is information gathered for a research called?​
mariarad [96]

Answer:

Data

Explanation:

8 0
2 years ago
Read 2 more answers
Other questions:
  • Magneto Company had net credit sales during the year of $1,350,000 and cost of goods sold of $810,000. The balance in accounts r
    7·1 answer
  • Does walmart have wheelchairs for customers to use
    6·1 answer
  • Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The independent cases are listed below includes all b
    13·1 answer
  • There are four steps in solving one’s personal financial challenges
    15·2 answers
  • Auto insurance is needed primarily because of __________. (points : 2)
    11·1 answer
  • At a​ delicatessen, one employee greets patrons and takes their orders. Another employee assembles the sandwiches. A third emplo
    13·1 answer
  • Successful firms of today would ?
    10·1 answer
  • Davidson Corporation manufactured 58,500 units during September. The following fixed overhead data relates to September: Actual
    10·1 answer
  • The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:
    8·1 answer
  • A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of usef
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!