final Project ACC 102 - 830 Words

Thomas Edison State College Principles of Managerial Accounting (ACC-102) Final Project 1. Cost-volume-profit relationships (15 points) The following data are available for a product manufactured and sold by Logan Company: Compute the following: (a) Contribution margin per unit: $_______________ Solution: Computation of the Contribution margin per unit Contribution margin per unit = Selling price per unit – Variable Cost per unit Where as Selling price per unit = 212 Variable Cost per unit =128 Contribution margin per unit = 212 – 128 Contribution margin per unit = $84 (b) Number of units that must be sold to break-even: _______________ units Solution: Computation of the Number of units that must be sold to break-even†¦show more content†¦It is therefore a sunk cost. The $320,000, on the other hand, is a fixed cost associated with the proposed addition. This cost has not yet been incurred. Because it is necessary to the proposed addition it is an out-of-pocket cost (b) Calculate by how much the proposed addition will either increase or reduce operating income. Show all work. Solution: Computation of the following Operating income = ($750,000 Sales - $450,000 variable costs - $320,000 fixed costs). Operating income = ($750,000 - $450,000 - $320,000). Operating income = -$20,000 The proposed addition will decrease operating income by $20,000; 3. Responsibility income statement-preparation (20 points) Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results: Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company’s income from operations GAMELAND VILLAGE Income Statement by Product Lines For the Month Ended April 30, 20__ Segments Gameland Village Software Video Games Dollars % Dollars % Dollars % Sales $ $400,000 100 $200,000 100 Variable Costs 65 56 $ $Show MoreRelatedTravel and Tourism Administration Program Structure20692 Words   |  83 PagesCompulsory subjects: 9 COM 111 – Computer Reservation Systems 3 3 10 TOU 106 – Fares Ticketing II 3 3 11 TOU 108 – General Travel Knowledge II 3 3 12 ENG 122 – The Technique of Writing and Advanced Language Studies 3 3 13 BUS 102- Introduction to Business Electives: One of the following three 3 3 14 HUM 202 – Business Psychology 3 3 15 FRE 122 – French (Beginners) 16 GER 122 – German (Beginners) TOTAL 18hrs 18cr SEMESTER THREE CompulsoryRead MoreU.s. 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