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Account analysis: Lancer Audio produces a high-end DVD player that sells for $1250. Total for July operating expenses were as follows:

Units produced and sold 140

Component cost 67000
Supplies 1680
Assembly labor 23500
Rent 2200
Supervisor salary 5500
Electricity 250
Telephone 180
Gas 200
Shipping 1540
Advertising 2500
Administration costs 14500
Total 119050

Required:

A. Use account analysis to determine fixed cost per month and variable cost per DVD player.
B. Project total cost for August assuming production and sales of 160 units.
C. What is the contribution margin per DVD?
D. Estimate total profit assuming production and sales of 160 units.
E. Lancer audio is considered an order for 100 DVD players, to be produced in the next 10 months, from a customer in Canada. The selling price will be $900 per unit (under the normal price). However, the Lancer Audio name will not be attached to the product. What will be the impact on company profit associated with this order?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M980104

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