again if anyone can help me that would be great i have already labeled everythin 384862
Again, if anyone can help me, that would be great. I have already labeled everything correctly in the income statement, just need some help with how to get a final figure for: Direct Materials Direct Labor Factory Overhead Sales Salaries Misc Selling Expense Supplies Misc Admin Expenses Also, questions 3 6 below. The book just doesn’t help me. I think I am missing a step or something and it’s driving me crazy Soldner Health Care Products Inc. expects to maintain the same inventories at the end of 2012 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during 2012. A summary report of these estimates is as follows: Estimated Fixed Cost Estimated Variable Cost (per unit sold) Production costs: Direct materials $17 Direct labor 12 Factory overhead $136,400 9 Selling expenses: Sales salaries and commissions 28,300 4 Advertising 9,600 Travel 2,100 Miscellaneous selling expense 2,300 3 Administrative expenses: Office and officers’ salaries 27,700 Supplies 3,400 1 Miscellaneous administrative expense 3,320 2 Total $213,120 $48 It is expected that 8,140 units will be sold at a price of $96 a unit. Maximum sales within the relevant range are 10,000 units. 2. What is the expected contribution margin ratio? Round to the nearest whole percent. % 3. Determine the break even sales in units. units 4. Construct a cost volume profit chart on your own paper. What is the break even sales? $ 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars: $ Percentage: (Round to the nearest whole percent.) % 6. Determine the operating leverage. Round to one decimal place.
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