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    David A Carrucini Assignment Chapter 22

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    The document contains information and calculations for several companies' income statements and cost accounting problems from a textbook assignment. It includes income statements for Utech Company, Actual Year company, and TLR Company for 2010 and 2011 with sales, costs of goods sold, expenses and contribution margins calculated. It also shows absorption costing income statements for TLR Company for 2010 and 2011.

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    David A Carrucini Assignment Chapter 22

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    The document contains information and calculations for several companies' income statements and cost accounting problems from a textbook assignment. It includes income statements for Utech Company, Actual Year company, and TLR Company for 2010 and 2011 with sales, costs of goods sold, expenses and contribution margins calculated. It also shows absorption costing income statements for TLR Company for 2010 and 2011.

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    The document contains information and calculations for several companies' income statements and cost accounting problems from a textbook assignment. It includes income statements for Utech Company, Actual Year company, and TLR Company for 2010 and 2011 with sales, costs of goods sold, expenses and contribution margins calculated. It also shows absorption costing income statements for TLR Company for 2010 and 2011.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    164 views8 pages

    David A Carrucini Assignment Chapter 22

    Uploaded by

    dcarrucini
    The document contains information and calculations for several companies' income statements and cost accounting problems from a textbook assignment. It includes income statements for Utech Company, Actual Year company, and TLR Company for 2010 and 2011 with sales, costs of goods sold, expenses and contribution margins calculated. It also shows absorption costing income statements for TLR Company for 2010 and 2011.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 8

    David A Carrucini

    Assignment Chapter 22

    Ejercicio P22-2A
    UTECH COMPANY
    CVP Income Statement 2010 (Based on Managemrnt’s Estimates)

    Net sales $1,800,000

    Cost of goods sold $1,098,000


    Selling expenses $70,000
    Administrative expenses $20,000

    T.de expenses $1,188,000


    Contribution margin $612,000

    Cost of goods sold $283,000


    Selling expenses $65,000
    Administrative expenses $60,000
    T. fixed expenses $408,000
    NET $
    INCOME 204,000

    b $0.50 = $0.33+ $408,000 0.17 = $408,000


    Unidades= 2,400,000

     0.50 X 0.50 =$1,200,000

    c Ratio Contribución = 0.50-0.33 ÷ 0.50 =0.00034%

    = 1,800,000 – 1,200,000 / 1,800,


    =0. 33333% Margin del ratio
    d Las ventas requeridas para obtener el income de $238,000 es:

    X= 408,000+238,000 / 0.34 = 1900000


    2. Ejercicio # 22-5A

    I.
    ACTUALYEAR

    Net sales = $1,600,000


    Direct labor= $285,000
    Direct materials= $511,000
    Manufacturing overhead =
    $252,000

    Selling expenses = $ 96,000

    456,000
    Total variable costs $1,144,000
    Contribution margin $ 200,000

    Current Projected
    Year Year
    $1,600,00
    Sales 0 X 1.1 $1,760,000

    Manufacturing overhead $252,000 X 1.1 $ 277,200


    Selling expenses $ 96,000 X 1.1 $ 105,600
    Direct labor $285,000 X 1.1 $ 313,500
    Direct materials $ 511,000 X 1.1 $ 562,100

    Total variable costs $1,144,000 X 1.1 $1258400

    Contribution margin $ 456,000 X 1.1 $ 501,600


    II.

    Current year Next Year


    Manufacturing overhead
    ($360,000 X .30) $108,000 $108,000
    Selling expenses ($240,000 X .
    60) $4144,000 $ 144,000
    Administrative expenses
    ($280,000 X .80) $224,000 4224,000
    Total fixed costs $476,000 $476,000

    (Fixed Costs are highlighted)


    b . El Unit selling price =
    $1,600,000 /$100,000 = $ 16.00
    El Unit variable cost =
    $1,200,000 / $100,000 = $12.00
    El Unit contribution margin =
    16 – 12 = 4
    El Contribution margin ratio =
    4 / 16 = 0.25%

    c
    $310,000 + $476,000 / 0 .25% = 3,144,000 Required Sales in Dollars

    d Te margin of safety ratio is 039.4% because the formula says:

    3,144,000 – 190400 = 1240000 Margin safety in Dollars

    1240000 / 314400 = 0.39 % Margin of Safety ratio

    Year Projected

    Net sales $1,600,000

    Administrative expenses
    $56,000
    Direct labor $181,000
    Selling Expens $216,000
    Manufacturing
    $108,000
    Direct materials $ 511,000

    variable costs $1,072,000

    Margen de contribucion $ 528,000


    e.2 $1,600,000 / $528,000 = 3.03 =033% ratio Margin de
    contribucion

    e.3 $500,000 / 0.33 = %$1,515,151.52


    Administrativ $224,000
    e expenses

    $252,000
    Manufacturing overhead
    $24,000
    Selling expenses

    Total de costos fijos $500,000

    (Costos Fijos)
    III. P226A
    TLR COMPANY
    Income Statement
    YEAR 2010
    Year 2011
    Sales 5,000,000 $6,000,000

    Enero 1 Inventory 0.0 $150,000


    Variable manufacturing 900,000

    $750,000
    Cost of goods available
    for sale 900,000 $900,000
    Inventario a Diciembre 31 , 150,000 0
    Variable cost of goods $750,000
    sold $900,000

    Variable selling expenses $500,000 $600,000


    Total de variables de expenses $1,500,00
    $1,250,000 0

    Contribution margin. $3,750,000 $4,500,000


    Expenses Fijas

    Administrative Expense $500,000 $ 500,000


    Manufacturing overhead $2,1000,000 $ 2,100,000
    T.otal espenses fijos $2,600,000
    TotalIncome de operaciones
    $1,150,000 $1,900,000
    B. TLR COMPANY

    Absorption Costing, Income Statement

    2010 2011
    $6,000,000
    Sales $5,000,000 0.

    Inventory, January 1 $0. 0 $ 500,000


    Cost of goods manufactured 3,000,000 $2,850,000
    Cost of goods available for sale 3,000,000 $3,350,000
    Diciembre 31 ,Inventory $ 500,000 $ 0.0
    $2,500,00
    Cost of goods sold 0 $3,350,000
    Gross profit
    ........................................................ $2,500,00
    .... 0 $2,650,000

    Administrative expenses $ 500,000 $ 500,000


    Selling expenses $ 500,000 $ 600,000
    $1,000,0 $1,100,00
    Total expenses de operacion 00 0
    $1,500,00
    Income from operations 0 $1,550,000

    Gastos De Operacion

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