Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses
absorption costing
Sales price
$ 57.50 per unit
Direct materials
$ 10.50 per unit
Direct labor
$ 8.00 per unit
Variable overhead
$ 12.50 per unit
Fixed overhead
$ 1,237,500 per year
1. Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced and
75,000 units are sold.
2. By how much would the company's gross profit increase or decrease from producing 35,000 more units than it sells?
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced
and 75,000 units are sold.
(a) 75,000 Units (b) 110,000 Units
Produced and
Produced and
75,000 Units Sold 75,000 Units Sold
Sales
4,312,500
4,312,500

Answers

Answer 1

The gross income or profit of the company is the difference between the

total revenue and the cost of items produced.

The values for the gross profits are;

(a) $750,000(b) $ -335,0002. The profit of the would decrease by $1,085,000

Reasons:

The gross profit is given by the equation;

Gross profit = Net revenue - Cost of items sold

The net revenue for 75,000 units = $57.50 × Sales price per unit

∴ The net revenue for 75,000 units = $57.50 × 75,000 = $4,312,500

Cost of production = 75,000 × Per unit cost of Materials plus Labor plus variable overhead + Fixed overhead

Cost of production = 75,000 × (10.50 + 8.00 + 12.50) + 1,237,500 = 3,562,500

The cost of producing 75,00 units per year = $3,562,500

Gross profit = $4,312,500 - $3,562,500 = $750,000

(b) When the number of units produced = 110,000, we have;

Cost of production = 110,000 × (10.50 + 8.00 + 12.50) + 1,237,500 = 4,647,500

Gross profit = $4,312,500 - $4,647,500 = $ -335,000 (a loss of 335,000)

2. By producing 35,000 units more than it sells, we have;

Cost > Revenue, therefore, the gross profit decreases

Let, X, represent the number of units sold, we have;

The number of units produced = X + 35,000

Which gives;

Cost of production = (X + 35,000) ×  (10.50 + 8.00 + 12.50) + 1,237,500 =

31·X + 2,322,500

Net revenue = X × 57.50 = 57.50·X

The profit =  57.50·X - (31·X + 2,322,500) = 26.5·X - 2,322,500

When X = 75,000, we have;

Gross profit = 26.5 × 75,000 - 2,322,500 = -335,000

Therefore;

The gross profit will decrease by 750,000 - (-335,000) = 1,085,000

The gross profit of the company will would decrease by $1,085,000, if it

sells 75,000 units and produces 110,000, which is 35,000 more units than

is sells.

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https://brainly.com/question/21776821


Related Questions

Han rides his bike for 50 miles over 4 hours.How long will it take him to ride 75 miles?

Answers

Answer:

6 hours.

Step-by-step explanation:

This is directly proportional, meaning if you multiply one side by a number, you multiply the other side by the same number. For the ratio 50:4, you would have to multiply 1.5 to 50 to get 75 miles, so you would also have to multiply 4 by 1.5. This would get you 6 hours.

Ella needs to buy 43 party favors that cost $2.75 each. Estimate the total cost by rounding the number of favors to the nearest ten and cost of each favor to the nearest dollar

A. $118.25
B. $120
C.$129
D.$135

Answers

Answer:

b.$120

Step-by-step explanation:

Party Favors rounded= 40

Dollars rounded= 3

40x3= 120

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Answer:

Step-by-step explanation:

1. 5, 3.5, [tex]\sqrt{9\\}[/tex], [tex]-\frac{12}{5}[/tex], -7

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1.Amulya is x years now. Write expressions for her age 5 years ago?

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Answer:

Step-by-step explanation:

1)    a = x - 5

a)   z = y + 5

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Answer:

CBA

Step-by-step explanation:

B is the middle n angles should be btn two lines ie AB and BC. so they had a common point B hence the joining occured at B

The answer for that is

Sociologists studying social mobility in the U.S. find that the probability that someone who began their career in the bottom 10% of earnings remains in the bottom 10% fifteen years later is 0.59. What is the probability that such a person moves to one of the higher income classes fifteen years later? (Use decimal notation. Give your answer as an exact number.)
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Answers

Using probability of complementary events, it is found that there is a 0.41 probability that such a person moves to one of the higher income classes fifteen years later.

When two events are complementary, the sum of their probabilities are 1.

In this problem, either a person moves to a higher income class or they do not, hence, the events are complementary.

0.59 probability that a person does not move to a higher class.Hence, 1 - 0.59 = 0.41 probability that such a person moves to one of the higher income classes fifteen years later.

A similar problem is given at https://brainly.com/question/24084986

Body surface area is calculated a) in m2 from weight and height. b) from height. c) from weight. d) in meters from weight and height.

Answers

Answer:

Body surface area is calculated a) in m2 from weight and height.

Step-by-step explanation:

Basically the surface has to be in m2, because you have two dimensions when you multiply: e.g. when you have a lawn 10m x 10m, then you multiply 10 times 10, and meters times meters, so

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In February Lana got a puppy that weighed 13 kilograms. By October the puppy weighed 16.9 kilogram. What was the puppy’s weight increase?.

Answers

16.9 minus 13 equals to 3.9 increase

Answer:

3.9

Step-by-step explanation:

16.9 take away 13 and you get 3.9 kilograms

Solve for B -(12 x 2) x (-6) = -12 x (2 x b)
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Answers

Answer:

Option A

Step-by-step explanation:

-(12 x 2) x (-6) = -12 x (2 x b)

=> -24 x -6 = -12 x 2b

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Answer: no<3

Step-by-step explanation:

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Answers

Answer:

64

Step-by-step explanation:

4% of 40,000= 1,600

4% of 1600= 64

Answer:

64

Step-by-step explanation:

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What determines whether a relationship
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Answers

Answer:

When two ratios exhibit the same connection, they are said to be proportionate. Two ratios may be tested for proportionality by writing them as fractions and then reducing them to the smallest possible number. In this case, your ratios are proportionate since the reduced fractions are the same.

Step-by-step explanation:

Hope it helps:)


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Answers

Answer:

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Step-by-step explanation:

to ez and np

Answer:

32 hours a week

Step-by-step explanation:

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[tex]\\ \sf\longmapsto \dfrac{9}{24}=\dfrac{3}{x}[/tex]

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[tex]\\ \sf\longmapsto 3x=24[/tex]

[tex]\\ \sf\longmapsto x=24/3[/tex]

[tex]\\ \sf\longmapsto x=8[/tex]

Repost
A group of tourists are on a three-day hiking trip. They hike ⅛ of the trail on the first day. On the second day, they hike 4/7 of the remaining distance. On the third day, they hike 1/3 of the remaining distance, plus the final 8 km. How many kilometers long is the trail?

Answers

Answer:

you told me to resolve this problem

Step-by-step explanation:

Answer:

9

Step-by-step explanation:

you add the thing then multipy it then do math!

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Answers

Answer:

13/12=37

Step-by-step explanation:

13. A stack of lumber contains the following: three 1" x 6" X 8' pieces of yellow pine. six 2" x 10" x 12' pieces of redwood. six 1" x 8" 10' pieces of fir. How many total board feet of lumber are in this stack? *


180 board ft

162 board ft

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Answers

Answer:

Step-by-step explanation:

A board foot is 1 inch thick by 1 ft by 1 ft

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Answers

Answer:

  1 1/2 hours

Step-by-step explanation:

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Answer:

p ≥ 1,000,000,000

Step-by-step explanation:

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Khan Academy
Percent word problems
Of the 50 U.S. states, 4 have names that start with the letter W.
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0
Stuck? Review related articles/videos or use a hint.

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Answer:

Step-by-step explanation:

4/50 = 0.08

0.08(100) = 8%

How much force is required to accelerate a 4 kg mass at 6 m/s2

Answers

Answer:

is it 24 N?

as we know ....

force=mass * acceleration

force=4kg*6m/s2

hence force is 24N

The required Force = 24 N

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The push or pull on an object with mass causes it to change its velocity.

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Force = ma

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help me due today it is mathematics

Answers

Answer:

Miranda is correct because the value 7 makes the equation equal

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Step-by-step explanation:

34 = 27 + p

7 = p

Hopefully this helps!

Brainliest please?

A long distance phone company charges a flat rate of $1.01 and then $0.09 for each minute. If
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Answers

Answer:

30

Step-by-step explanation:

Answer:

95 minutes

Step-by-step explanation:

Deduct the flat rate from the total to see how much was spent on minutes

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Answers

Answer:

Answer for question 16 $24.64

Answer:

$3.36

17. 31%

18 $ 24.50

Step-by-step explanation:

28 x 0.12 = $3.36

17. 484 - 333.96 = 150.04

What percentage is 150.04 of 484

X/100 = 150.04/484 (% / 100 = is/of)

= 31%

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If you see such unnecessary question like this, please report it. This person always asks others for bad things. Please report him. That's your responsibility as a polite Brainly User. Thank You !​

Answers

Answer:

You are right

Step-by-step explanation:

Have a nice day

regal furniture company allocates its indirect salaries of $22,500 on the basis of sales. Determine the indirect salaries allocated to Departments 1 and 2 using the following information.

Answers

Answer:

$15750 and $6750

Step-by-step explanation:

Revenue share of Dept. 1:

182000/260000*100% = 70%

Revenue share of Dept. 2:

100% - 70% = 30%

Allocate the indirect salary with same ratio.

Dept. 1:

22500*70/100 = 15750

Dept. 2:

22500 - 15750 = 6750

Question 5 of 10
Which of the following rational functions is graphed below?
10 H
10
10
O A. F(x) =
FIX) *-*
X5
X1
B. Fx) = 6-14-5
(x - 1)(x-5)
c. F(X) = 1
D. F(X) = x+5
-
x + 1

Answers

We want to find the equation for the graphed rational function. Notice that the options are not given, so I will try to find the function only from the graph.

The function is:

[tex]f(x) = \frac{(x - 5)}{x - 1}[/tex]

How to analyze the graph of a rational function?

The first thing that we can see in the graph is that we have vertical asymptotes at x = 1.

The one in the positive side (of the x range) goes to negative infinity, while the other goes to positive infinity, then the equation will be something like:

[tex]f(x) = \frac{something}{x - 1}[/tex]

Such that the asymptotes are caused when the denominator is equal to zero.

We can see that we also have a horizontal asymptote at y = 1.

This means that, as x tends to infinity, our function will tend to 1, so we have something like:

[tex]f(x) = \frac{(x + b)}{x - 1}[/tex]

The horizontal asymptote is equal to the ratio of the leading coefficients when both polynomials have the same degree, like here, so we can take the two leading coefficients equal to 1, such that:

y = 1/1 = 1

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[tex]f(0) = \frac{b}{-1} = -b[/tex]

And if you look at the graph, you can see that at x = 0 we have:

f(0) = 5

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So the function is:

[tex]f(x) = \frac{(x - 5)}{x - 1}[/tex]

If you want to learn more about rational functions, you can read:

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Write the ratio as a ratio of whole numbers using fractional notation.
45 days to 24 days
The ratio of 45 days to 24 days can be written in fractional form as
(Type the ratio as a simplified fraction.)

Answers

Answer:

15:8=15/8

Step-by-step explanation:

45:24=45/24

15/8=15:8

Is ( - 1, 2) a solution of the system y > x and x + y > 0?
O No, because ( - 1, 2) is a solution to only one of these inequalities.
O Yes, because ( – 1, 2) is a solution to both inequalities.
O Yes, because ( - 1, 2) is the point of intersection of the two boundary lines of this system.
No, because ( – 1, 2) is not a solution to either inequality.

Answers

Answer:

Yes, because (-1,2) is a solution to both inequalities

Step-by-step explanation:

2>-1 so the first inequality is correct

-1+2>0 so the second inequality is correct

Snow fell from 6:30 am to 11:00 am, accumulating at a constant rate. At 8:00 am, the snow was 8 inches deep. By 11:00 am, it was 20 inches deep. How much snow fell each hour? (Part one)

Answers

The answer to the first box would be 4

Answer:

4 for the first box

Step-by-step explanation:

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