Chapter 4 Sales (1,000 units sold) 5,000 2,000 3,000 Less V.C CM Less F.C Net In

Question

Chapter 4 Sales (1,000 units sold) 5,000 2,000 3,000 Less V.C CM Less F.C Net Income (profit) $2,000 A. What is the Contribution Margin per unit? B. What is the Contribution Margin ratio? C. What is the Breakeven point in units? D. How many units would need to be sold to make a total net income of $5,000? Chapter 5 Direct Material (per unit) Direct Labor (per unit) Estimated Direct Labor hours Actual Direct Labor hours for month Estimated MOH Actual MOH for month 5 1300 110 2,600 230 DL hours per unit 2 hours 1. What is the company's predetermined overhead rate based on Direct Labor hours? 2. What is MOH applied in total for the month? 3. What is the MOH applied for one unit? 4. What is the total product cost for one unit? 5. Is the MOH over-or under-applied and by how much?

Explanation / Answer

As per Chegg Policy, we can solve only one question at a time Chapter 4 (1000 units) (1 unit) Sales 5000 5 Variable Cost 2000 2 Contribution 3000 3 Less: Fixed Cost 1000 net Income 2000 Contribution Margin Per unit = 3 Contribution Margin Ratio = Contribution / sales Price 3 / 5 * 100 60% Break-Even Point in units = Fixed Cost / Contribution per unit 1000 / 3 333.33 units For Net Income, Units required = (Fixed Cost + Required Income) / Contribution per unit (1000 + 5000) / 3 2000 units

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