ACC 560 - Week 4 homework Wiley plus chapter 5 & 6;ACC 560 ? Homework Chapter 5 & 6;Exercise 5-8;;All That Blooms provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.;Depreciation;$1,400;per month;Advertising;$200;per month;Insurance;$2,000;per month;Weed and feed materials;$12;per lawn;Direct labor;$10;per lawn;Fuel;$2;per lawn;All That Blooms charges $60 per treatment for the average single-family lawn.;Determine the company?s break-even point in (a) number of lawns serviced per month and (b) dollars.;(a);Break-even point;;lawns;(b);Break-even point;$;Exercise 5-13;;Cannes Company has the following information available for September 2014.;Unit selling price of video game consoles;$400;Unit variable costs;$275;Total fixed costs;$52,000;Units sold;600;(a) Compute the contribution margin per unit.;Contribution margin per unit;;(b) Prepare a CVP income statement that shows both total and per unit amounts.;CANNES COMPANY;CVP Income Statement;For the Month Ended September 30, 2014;Total;Per Unit;(c) Compute Cannes' break-even point in units.;Break-even point in units;;units;(d) Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.;CANNES COMPANY;CVP Income Statement;For the Month Ended September 30, 2014;Total;Per Unit;;$;$;Exercise 5-14;;Naylor Company had $210,000 of net income in 2013 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $570,000. Management expects per unit data and total fixed costs to remain the same in 2014. The president of Naylor Company is under pressure from stockholders to increase net income by $52,000 in 2014.;;;;(a) Compute the number of units sold in 2013.;;units;(b) Compute the number of units that would have to be sold in 2014 to reach the stockholders desired profit level;;units;(c) Assume that Naylor Company sells the same number of units in 2014 as it did in 2013. What would the selling price have to be in order to reach the stockholders desired profit level?;$;;Exercise 5-17;;Oak Bucket Co., a manufacturer of wood buckets, had the following data for 2013.;Sales;2,600;units;Sales price;$40;per unit;Variable costs;$16.00;per unit;Fixed costs;$19,500;;;;(a);;What is the contribution margin ratio?;Contribution margin ratio;;%;(b) What is the break-even point in dollars?;$;;(c) What is the margin of safety in dollars and as a ratio?;Safety Margin;$;Safety Margin;%;(d) If the company wishes to increase its total dollar contribution margin by 30% in 2014, by how much will it need to increase its sales if all other factors remain constant?;Its sales need to be increased by $18,720 in 2014.;Problem 5-1A;;Telly Savalas owns the Bonita Barber Shop. He employs 4 barbers and pays each a base rate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut.;Other costs are as follows.
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