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blancasimon239
21.02.2022 •
Business
Harold included an excerpt from an Internet magazine in an article he wrote for the school newspaper. However, he did not ask permission to use the excerpt or give the magazine credit.
What is one possible school consequence for Harold’s copyright violation?
He might face a lengthy suspension.
He might face up to ten years in prison.
He might have to respond to a lawsuit.
He might have to pay a $100,000 fine.
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Ответ:
Ответ:
1. Break-even point in units sold = Fixed cost/Contribution margin
= $1,200,000/$20 = 60,000 units
2-a. First Year Second Year Third Year
Unit variable product costs:
Direct Materials = $20
Direct Labor = $12
Manufacturing Overhead = $4
Product costs $36 $36 $36
Selling and admin. cost $2
Total variable mfg. costs = $38 $38 $38
b. Income Statements:
First Year Second Year Third Year
Sales unit 60,000 50,000 65,000
Sales revenue $3,480,000 $2,900,000 $3,770,000
Variable cost of goods sold:
Manufacturing 2,160,000 1,800,000 2,340,000
Product contribution $1,320,000 $1,100,000 $1,430,000
Selling and administrative 120,000 100,000 130,000
Contribution margin $1,200,000 $1,000,000 $1,300,000
Total fixed costs 1,200,000 1,200,000 1,200,000
Net income $0 ($200,000) $100,000
3. Absorption costing:
First Year Second Year Third Year
Unit product costs:
Variable cost per unit $36 $36 $36
Total variable cost $2,160,000 $2,700,000 $1,440,000
Fixed manufacturing 960,000 960,000 960,000
Total manufacturing $3,120,000 $3,660,000 $2,400,000
Production units 60,000 75,000 40,000
Unit product costs $52 $48.80 $60
b. Income Statements:
First Year Second Year Third Year
Sales unit 60,000 50,000 65,000
Sales revenue $3,480,000 $2,900,000 $3,770,000
Cost of goods sold 3,120,000 2,440,000 3,900,000
Gross profit $360,000 $460,000 ($130,000)
Selling and admin. 240,000 240,000 240,000
Net income (loss) $120,000 $220,000 ($370,000)
4. The net operating income from absorption costing seem counterintuitive. The reason is because of the use of different measures; Requirement 2 is based on variable product costs while requirement 3 is based on absorption product costs.
Explanation:
a) Data and Calculations:
Variable Cost Per Unit:
Manufacturing:
Direct Materials = $20
Direct Labor = $12
Variable Manufacturing Overhead = $4
Variable manufacturing costs = $36
Variable Selling and Administrative = $2
Total variable costs = $38
Fixed costs per year:
Fixed manufacturing overhead = $960,000
Fixed selling and administrative expenses = $240,000
Total fixed costs = $1,200,000
Production and Sales Units
First Year Second Year Third Year
Production units 60,000 75,000 40,000
Sales unit 60,000 50,000 65,000
Selling price per unit = $58
Variable cost per unit = 38
Contribution margin $20