Please answer asap 3. Contribution Margin Income Statement of a single productcompanyTotalSales$1,200,000 $80Less variable expenses $840, 000 $56Contribution Margin 360,000 $24Less fixed expenses 300,000Net Operating income $60,000Per unitRequired:1. Calculate break-even point in units and dollars.2. What is the contribution margin at break-even point?3. Compute the number of units to be sold to earn a profit of$36,000.4. Compute the margin of safety using original data.5. Compute CM ratio. Compute the expected increase inmonthly net operating if sales increase by $160,000 andfixed expenses do not change.

Cost volume profit analysis is the technique used by management for decision making. The methods…

Answered: 3. Contribution Margin Income Statement…

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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Answer the following questions based on the given information: Sales Units 500,000 Total Sales $50,000,000 Total Variable Cost $35,000,000 Total Fixed Cost $10,000,000 What is Total Contribution Margin? What is Contribution Margin Per Unit? What is the Contribution Margin Ratio?
Wesley's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $150,000 - 48,000 $102,000 - 24,000 $ 78,000 What is the unit contribution margin? A. $12.00 B. $ 7.20 C. $ 4.80 D. $10.20
Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $107.00 360,400 $ 132,500 Company B 2,500 Total 155,000 212,500 77,500 Per unit Ⓒ []
Complete the Table Total Total Unit Selling Total Fixed Variable Variable Price Revenue of Costs Costs Cost Output ? ? $5,000 $6,600 $2,000 ? $18,000 ? 2 $45,000 ? $94,050 ? $5 ? ? ? $75.24 $13 $10 $75 ? ? 2 ? $10,000 $60,000 Level Net Income Rate $4,000 ?$14,500 $84,600 1,800 $78,000 3,000 $18,000 ? ?-$19,500 Contribution Unit Show Transcribed Text ? ? 35% ? 38% Contribution Margin $7.50 ? $13 ? can anyone help me doing this in easiest and less confusing way
If the selling price per unit is $15, the unit contribution margin is $5, and total fixed expenses are $14,500, what are the breakeven sales in units? A. 966.6667 B. 2,900 C. 72,500 D. 217,500
Compute the missing amounts in the contribution income statement shown below: Note: Round "Per Unit" answers to 2 decimal places. Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $ 107.00 360,400 $ 132,500 Company B 2,500 Total 155,000 212,500 77,500 Per unit
Given the following information for SAMAH Company, answer the following questions: RO 260 840 Units RO 145 R.O 620,000 Selling price (per unit) Number of units sold Variable cost (per unit) Fixed cost 1. Calculate contribution margin ratio 2. Find Breakeven Point in amount 3. Find Breakeven Point in units P =1
Revenue Variable costs: Direct labor Direct materials Contribution margin Fixed costs Profit margin $0 O $10,000 ($25,000) ($10,000) product X $50,000 O $50,000 $20,000 $30,000 ? ? ? product Y $80,000 $30,000 $20,000 ? ? ? a total $130,000 The company allocates fixed costs based on direct labor dollars. Compute the profit margin for product line X. $50,000 $50,000 $30,000 $25,000 $5,000
Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%
prepare a contribution income statement with the following: Selling Price Per Unit $45 Variable Expense $36 Number of Units 10,000 Sales Variable Expenses Contribution Margin Fixed Expenses Net Operating Income
A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin per unit?A. $40B. $60C. $90D. $150
:Salem Company has the following information for tables production 1,800 $1,900 1,140 Number of units Sales price per unit Variable costs per unit The Contribution margin per unit is

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