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David A Carrucini Assignment Chapter 22

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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dcarrucini
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216 views

David A Carrucini Assignment Chapter 22

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.

Uploaded by

dcarrucini
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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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