If this already exists in coursehero.com I have yet to find it but could use some help with this one please.;We're using a different fictitious company for the last two modules, the managerial accounting portion of this course. Below find production and sales information for Lewis Company.;Product information;Prod B;Beginning inventory;0;Units produced;10,000;Units sold;9,000;Selling price per unit;$300;Variable costs per unit;Direct material;120;Direct labor;60;Variable overhead;40;Variable selling and administrative;10;Fixed costs;Fixed manufacturing overhead;250,000;Fixed selling and administrative;100,000;Lewis Company;Absorption Income Statement;For the period ending Dec. 31, 2012;Sales;$2,700,000;Cost of goods sold;2,205,000;Gross profit (margin);$495,000;Selling and administrative expenses;190,000;Net income;$305,000;Prepare a contribution margin (behavioral, variable) income statement for Lewis Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases to $330 per unit.;Use the original information to;?Determine the number of units the company must sell to break even for the year?;?Compute break even assuming direct materials cost increase from $120 to $150, but all information remains the same.
Paper#24437 | Written in 18-Jul-2015Price : $32