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Problem 07-49 Student Name:
Class:
1.
TOLEDO TOOL COMPANY
Budgeted Income Statement
For the Year Ended December 31, 20x4
Hedge Line Leaf
Clippers Trimmers Blowers Total
Unit selling price * * *
Variable manufacturing cost * * *
Variable selling cost * * *
Total variable cost * * *
Contribution margin per unit * * *
Unit sales * * *
Total contribution margin * * * *
Fixed manufacturing overhead *
Fixed selling and administrative costs *
Total fixed costs *
Income before taxes *
Income taxes *
Budgeted net income *
2.
TOLEDO TOOL COMPANY
Units to Break-Even
Unit Sales
Contribution Proportion
Hedge Clippers * * *
Line Trimmers * * *
Leaf Blowers * * *
Weighted-average unit contribution margin *
Total unit sales to break even = *units
TOLEDO TOOL COMPANY
Sales Proportions
Sales Total Unit Product
Proportion Sales Hedge Sales
Hedge Clippers * * *
Line Trimmers * * *
Leaf Blowers * * *
Total *
3.
TOLEDO TOOL COMPANY
Units to Break-Even
Unit Sales
Contribution Proportion
Hedge Clippers * * *
Line Trimmers * * *
Leaf Blowers * * *
Weighted-average unit contribution margin *
Total unit sales to break even = *units
TOLEDO TOOL COMPANY
Sales Proportions, Req. 3
Sales Total Unit Product
Proportion Sales Hedge Sales
Hedge Clippers * * *
Line Trimmers * * *
Leaf Blowers * * *
Total *
Problem 07-49 Student Name:
Class:
1.
TOLEDO TOOL COMPANY
Budgeted Income Statement
For the Year Ended December 31, 20x4
Hedge Line Leaf
Clippers Trimmers Blowers Total
Unit selling price $84 $108 $144
Variable manufacturing cost $39 $36 $75
2.
TOLEDO TOOL COMPANY
Units to Break-Even
Unit Sales
Contribution Proportion
Hedge Clippers $30 0.25 $7.50
TOLEDO TOOL COMPANY
Sales Proportions
Sales Total Unit Product
Proportion Sales Hedge Sales
3.
TOLEDO TOOL COMPANY
Units to Break-Even
Unit Sales
Contribution Proportion
TOLEDO TOOL COMPANY
Sales Proportions, Req. 3
Sales Total Unit Product
Proportion Sales Hedge Sales
Instructor
McGraw-Hill/Irwin
Hedge Clippers 0.20 200,000 40,000
