10 questions attached
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Current Attempt in Progress
For Pharoah Company, variable costs are 60% of sales, and �xed costs are $194,000.
Management’s net income goal is $118,000.
Compute the required sales dollars needed to achieve management’s target net income of
$118,000. (Use the contribution margin technique.)
Required sales $
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221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
(a)
The Cullumber Acres Inn is trying to determine its break-even point during its off-peak season.
The inn has 50 rooms that it rents at $65 a night. Operating costs are as follows:
Salaries $7,000 per month
Property tax $1,000 per month
Depreciation (straight-line) $1,100 per month
Maintenance $260 per month
Maid service $13 per room
Other costs $26 per room
Determine the inn’s break-even point in number of rented rooms per month.
Break-even point rooms
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221 HW5 Ch 22 Ch 23
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(b)
The parts of this question must be completed in order. This part will be available when you
complete the part above.
221 HW5 Ch 22 Ch 23
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(a1)
(a2)
Sunland Company accumulates the following data concerning a mixed cost, using miles as the
activity level.
Miles
Driven
Total
Cost
Miles
Driven
Total
Cost
January 8,005 $14,170 March 8,490 $15,094
February 7,505 13,518 April 8,190 14,495
Compute the unit variable costs using the high-low method for this mixed cost. (Round answer
to 2 decimal places, e.g. 2.25.)
Variable cost per mile $
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221 HW5 Ch 22 Ch 23
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The parts of this question must be completed in order. This part will be available when you
complete the part above.221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
Crane Corp. had total variable costs of $281,400, total �xed costs of $130,350, and total revenues
of $420,000.
Compute the required sales dollars to break even.
Required sales $
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221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
Crane Company is considering two alternatives. Alternative A will have revenues of $147,600 and
costs of $103,100. Alternative B will have revenues of $186,600 and costs of $122,600. Compare
Alternative A to Alternative B showing incremental revenues, costs, and net income. (Enter
negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Alternative
A
Alternative
B
Net Incom
Increase (Dec
Revenues
$ $ $
Costs
Net
Income
$ $ $
is better than .
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221 HW5 Ch 22 Ch 23
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Wildhorse Roo�ng is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on
large homes and commercial properties. Last year, Wildhorse Roo�ng spent $72,000 refurbishing the lift. It has just determined
that another $37,500 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $160,000. The
company estimates that both lifts would have useful lives of 5 years. The new lift is more ef�cient and thus would reduce
operating expenses from $101,000 to $77,000 each year. Wildhorse Roo�ng could also rent out the new lift for about $9,500 per
year. The old lift is not suitable for rental. The old lift could currently be sold for $23,500 if the new lift is purchased. The new lift
and old lift are estimated to have salvage values of zero if used for another 6 years.
Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts
using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Retain
Equipment
Replace
Equipment
Net Income
Increase (Decrease)
Operating expenses $ $ $
Repair costs
Rental revenue
New machine cost
221 HW5 Ch 22 Ch 23
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Sale of old machine
Total cost $ $ $
Should company repair or replace the equipment?
The equipment be replaced.
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221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
Sandhill Industries incurs unit costs of $7 ($5 variable and $2 �xed) in making an assembly part for its �nished product. A supplier
offers to make 19,400 of the assembly part at $6 per unit. If the offer is accepted, Sandhill will save all variable costs but no �xed
costs. Prepare an analysis showing the total cost saving, if any, that Sandhill will realize by buying the part. (Enter negative amounts
using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Make Buy
Net Income
Increase (Decrease)
Variable manufacturing costs $ $ $
Fixed manufacturing costs
Purchase price
Total annual cost $ $ $
The decision should be to the part.
221 HW5 Ch 22 Ch 23
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221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
Ivanhoe, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $201,000,
variable costs $176,000, and �xed costs $30,000. If the Big Bart line is eliminated, $20,300 of �xed costs will remain. Prepare an
analysis showing whether the Big Bart line should be eliminated. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)
Continue Eliminate
Net Income
Increase (Decrease)
Sales $ $ $
Variable costs
Contribution margin
Fixed costs
Net Income / (Loss) $ $ $
221 HW5 Ch 22 Ch 23
Question 9 of 10 – / 1
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The Big Bart product line should be .
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Current Attempt in Progress
Carla Vista Inc. had sales of $2,390,000 for the �rst quarter of 2022 (it sold 239,000 units). In
making the sales, the company incurred the following costs and expenses.
Variable Fixed
Cost of goods sold $950,100 $490,000
Selling expenses 111,000 51,000
Administrative expenses 110,000 108,000
Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to
2 decimal places, e.g. 15.25.)
CARLA VISTA INC.
CVP Income Statement
Total Per Unit Percent of Sales
$
$
$
$
221 HW5 Ch 22 Ch 23
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Current Attempt in Progress
Sunland Street Inc. makes un�nished bookcases that it sells for $58. Production costs are $37 variable and $11 �xed. Because it
has unused capacity, Sunland Street is considering �nishing the bookcases and selling them for $75. Variable �nishing costs are
expected to be $6 per unit with no increase in �xed costs. Prepare an analysis on a per unit basis showing whether Sunland Street
should sell un�nished or �nished bookcases. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or
parentheses e.g. (45).)
Sell
Process
Further
Net Income
Increase (Decrease)
Sales price per unit $ $ $
Cost per unit
Variable
Fixed
Total
Net income per unit $ $ $
221 HW5 Ch 22 Ch 23
Question 8 of 10 – / 1
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The bookcases .
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