1 Gonyo Inc Which Produces And Sells A Single Product Has Provided The Following Con 2851820

1. Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below: Sales (5,000 units) $ 310,000 Variable expenses 125,000 Contribution margin 185,000 Fixed expenses 104,500 Net operating income $ 80,500 Redo the company’s contribution format income statement assuming that the company sells 5,200 units. Net Operating Income: 2. The contribution margin ratio of Donath Corporation’s only product is 67%. The company’s monthly fixed expense is $454,500 and the company’s monthly target profit is $40,500. Required: Determine the dollar sales to attain the company’s target profit. (Round your answer to the nearest dollar amount.) 3. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $150 Units in beginning inventory 0 Units produced 3,290 Units sold 2,870 Units in ending inventory 420 Variable costs per unit: Direct materials $47 Direct labor $21 Variable manufacturing overhead $14 Variable selling and administrative $17 Fixed costs: Fixed manufacturing overhead $115,150 Fixed selling and administrative expenses $31,570 The total gross margin for the month under absorption costing is: $94,710 $14,350 $135,570 $146,370 4. Bartelt Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 10,300 Variable costs per unit: Direct materials $90 Direct labor $71 Variable manufacturing overhead $4 Variable selling and administrative expense $12 Fixed costs: Fixed manufacturing overhead $360,500 Fixed selling and administrative expense $813,700 There were no beginning or ending inventories. The absorption costing unit product cost was: $161 per unit $200 per unit $165 per unit $291 per unit

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