Please I want to learn how to make these problems with a good explanation. One of those there is the possible answer.Thank you Nashville Sports, Inc., produces high-quality sports equipment and sell their product through their own retailoutlets. The company manufactures two dumbbells-the Light and the Heavy. Selected information on thedumbbells is given below:LightHeavy180.00Selling price per a pair of dumbbellsVariable expenses per pair:%24100.00 $Production52.00 $72.00Sales commission8%10% of priceTotal Fixed Cost (for Light and Heavy together)$ 147,00011 The company plans to produce and sell three times as many Light model as Heavy model next month. Howunitsmanyof Light and Heavy models in total does the company have to sell to break even? (Choose the closest answer.)А.2,100 units2,178 units2,800 unitsВ.С.D.3,015 unitsE.None of the aboveCharleston Company produces a headset for kids. The following unit cost information is available:Selling price per gameVariable costs per game$ 30.00$ 18.0090,000 units$360,000Current annual salesCurrent fixed costsThe sales manager proposes that for next year, Charleston should reduce the selling price by 5%, increase the quality ofdirect materials, and increase advertising spending to drastically increase unit sales. The manager expects the following:Proposed new price$28.50Required increase in advertising spendingNew Variable costs per game2$20,0002$20.00Increase in unit sales40%12 How will net income be impacted?A. Net income will increase by%249,000$ 20,000B. Net income will decrease byC. Net income will increase by$ 11,000$ 29,000D. Net income will decrease byE. None of the Above%24

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Answered: Nashville Sports, Inc., produces…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Data concerning these two product lines appear below: Xtreme Pathfinder Selling price per unit Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production and sales $ 116.00 $ 64.00 $ 12.00 $ 80.00 $ 52.00 $ 8.00 1.5 DLHS 1.0 DLHS 29,000 units 76,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: $ 1,912,000 119,500 DLHS Estimated total manufacturing overhead Estimated total direct labor-hours Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead…
Snow Cap Springs produces and sells water filtration systems for homeowners. Information regarding its three models is shown below. Basic Basic Plus Premium Total Units sold 750 450 300 1,500 Selling price $250 $400 $800 Variable cost $195 $285 $415 The company’s total fixed costs to produce the filtration systems are $180,700. (a) Determine the sales mix as a function of units sold for the three products. Basic Basic Plus Premium The sales mix as a function of units sold % % %
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Splish World manufactures a workout product, CardioBands, that helps users raise their heartbeats without exerting too much effort. The per-unit costs to manufacture and sell this rubber-band-based product are as follows. DM DL Variable-MOH Fixed-MOH Variable SG&A Fixed SG&A Total $1.10 0.75 0.30 1.55 0.25 0.95 $4.90 Splish World normally sells its CardioBands for $15 each. Jerry's Gym wants to purchase 50 of these workout products to incorporate in two of its cardio classes, but it wants a special price of $220 for the complete order. Splish World has enough production capacity to take on this special order.
Smoky Mountain Corporation makes two types of hiking boots the Xtreme and the Pathfinder. Data concerning these two product ines appear below: Selling price per unit Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production and sales Xtreme $ 120.00 $ 65.20 11.201 1.4 D 10,000 units Pathfinder $87.00 5 51.00 $8.00 1.0 65,000 unit The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $ 2,033,000 107,000 D Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity based costing system that would assign its manufacturing overhead to the following…
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Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Selling price per racket Variable expenses per racket: Fixed production costs Advertising expense Administrative salaries Total Production Selling (5% of selling price) $36.00 $ 5.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: April May Sales, in units, over the past two months have been as follows: Standard 2,000 8,000 Req 1A Deluxe 1,000 1,000 Req 1B Standard $ 60.00 Per Month $ 132,000 112,000 62,000 $ 306,000 Effect on Net operating income Req 3 $36.00 $ 3.00 Total Pro 5,000 8,000 3,000 12,000 Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May. 3. Compute the Racket Division's…

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