Compute breakeven sales. (Use the rounded contribution margin ratio calculated in the previous part to compute breakeven sales.) Breakeven sales $ %24
Q: (Target Income + Fixed Cost) Sales Dollars Contribution Margin Ratio + $15,000) Sales Dollars = Step…
A:
Q: A product has a sales price of $350 and a per-unit contribution margin of $139. What is the…
A: Formula: Contribution margin ratio = Per unit contribution margin / sales price per unit Division of…
Q: 17. During the current year, the net sales of Regine Company, were 10% below last vear's level. You…
A: There are three types of costs that are fixed, variable, and semi-variable.
Q: 94 From the following data, calculate: Fixed Expenses OMR 12000. Break-Even point OMR 20000. (a) PIV…
A: Cost volume profit analysis is useful to find out the different sales volume on the basis of…
Q: Leeks Company's product has a contribution margin per unit of $14.64 and a contribution margin ratio…
A: Contribution margin ratio is calculated by dividing Contribution margin of the product by the…
Q: Find the missing values in the table below with different amount of sales and change in variable…
A: Current sales in dollars for 600 units ; Sales = $154000 Variable expenses = $36000 Contribution…
Q: If the fixed cost for a product decrease and the variable cost (as a percentage of 8. peso sales)…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: 2. What is the expected contribution margin ratio? Round to the nearest whole percent. % 3.…
A: Contribution Margin is the difference between Sales and Variable Cost. Break Even Point is a point…
Q: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of…
A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…
Q: Find Break-even point If sales is 20% above breakeven volume. find profit. Draw P/V graph for Sales…
A: Answer:
Q: When a company sells multiple products, the breakeven point in sales dollars is computed by:
A: Break-even point:Break-even point is the point at which the total costs is equal to the total sales.…
Q: Complete the following problems using the following ratios:…
A: Break Even Point is the point where firms earns "No Profit & No Loss". This is the point where…
Q: If sales are $828,000, variable costs are 68% of sales, and operating income is $278,000, what is…
A: solution note Dear student as per the Q&A guideline we are required to answer the first question…
Q: If sales are $425,000, variable costs are 62% of sales, and income from operations is $50,000, what…
A: Given: Cost of sales = $ 425,000 Variable cost = 62 % Income = $ 50,000
Q: Calculate the effect on profit of a proposed change in ‘Sales Mix’ from the following data and also…
A: The sales mix of a firm can affect the overall profit of the firm because of the different…
Q: Complete the following problems using the following ratios:…
A: Break even point is sales at which the operating income is zero that means fixed cost and variable…
Q: A product has a sales price of $230 and a per-unit contribution margin of $115. What is the…
A: The contribution margin is considered as an excess of revenue over variable expenses.
Q: Contribution margin divided by Income is the: Muftiple Chalce 11 Contribution margin ratio. Margin…
A: contribution margin is calculated by = contribution /sales. This ratio help the companies to…
Q: Compute the contribution margin Using the projected sales for the coming year, compute the margin of…
A: Contribution margin ratio It is calculated by substraction of variable cost from total sales and…
Q: Calculate the break even number of units if the fixed expenses are $7,000 and the contribution…
A: Given, Fixed expenses = $7000 Contribution margin per unit = $14
Q: Once the break-even point is reached: the contribution margin ratio begins to decrease. the total…
A: Solution: At breakeven point: Contribution margin = Fixed costs or net operating income is zero.
Q: a. Compute the contribution margin ratio and the dollar sales volume required to break even. b.…
A: Contribution margin ratio The contribution margin ratio is the difference between a company's sales…
Q: If the gross profit rate on cost is 30%, what is the equivalent rate based on sales? (whole number…
A: Assume, Cost = 100 Then, Profit (100*30%) = 30 Sales (100+30) = 130
Q: Which of the following would produce the largest increase in the contribution margin per unit?…
A: Contribution margin per unit is calculated by subtracting the variable cost from the selling price…
Q: Based on the following data, illustrate the break-even point by preparing a cost-volume-profit…
A: Marginal Costing - Marginal Costing is the method of computing operating profit by bifurcating…
Q: Let's try another version of Example #6 in the example packet. Suppose Revenues are $535,311 Cost of…
A: Contribution margin income statement is prepared as follows:
Q: If profit and fixed cost are 80,000 and 2,80,000 respectively, the total variable cost and…
A: This question will be done in an indirect way. As we know , at break even point there is no profit…
Q: 1. Compute Hudson Co.'s contribution margin per unit. 2. Compute Hudson Co's contribution margin…
A: Forecasted Contribution Margin Income Statement Particulars Units Amounts Sales 11,000 225…
Q: From the following data, calculate: Fixed Expenses OMR 12000. Break-Even point OMR 20000. (a) P I…
A: Break-even point: The point where there is neither profit nor loss is called the break-even point.…
Q: If the selling price is $20.80 per unit, the contribution margin per unit sold is closest to:
A: Contribution margin is the sales revenue of the business over and above all variable costs of the…
Q: Find the missing values in the table below with different amount of sales and change in variable…
A: Sales: Sales include a number of goods and services sold by the organization during their accounting…
Q: Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton…
A:
Q: What is the value of revenue to breakeven? Units Revenue - Variable Cost = Contribution Margin Per…
A: Formula: Break even units = Fixed cost / Unit contribution margin Division of unit contribution…
Q: Compute the break-even point in sales dollars for the company as a whole and the margin of safety in…
A: Break-even point refers to a point at which the company earns neither profit nor deficit. If the…
Q: The total revenue function for a product is given by R=805 x dollars, and the total cost function…
A: The revenue can be computed by deducting the production cost from the profit. Break-even point is…
Q: A product has a sales price of $140 and a per-unit contribution margin of $14. What is the…
A: The provided information are: Sales price = $140 Per-unit contribution margin = $14
Q: Complete the following problems using the following ratios:…
A: Break even point at target profit is the point at which the sales generate the target profit. Hence,…
Q: Find out the Profit volume ratio with the following data: Sales: $50000 Variable cost: $10000.
A: Profit volume ratio or P/V ratio is also known as contribution ratio shows the relationship between…
Q: What is the value of revenue to breakeven? Units Revenue - Variable Cost Contribution Margin Fixed…
A: Introduction: Break even: The level where there is no profit nor loss to the units sold called as…
Q: Which of the following is true regarding the contribution margin ratio of a single product company?
A: Contribution Margin: It is defined as the difference between the sales and the variable cost.…
Q: Complete the following problems using the following ratios:…
A: Break Even Point is the point where firms earns "No Profit & No Loss". This is the point where…
Q: Contribution margin analysis focuses on explaining the differences between planned and actual…
A: Contribution margin: Contribution margin is computed after deducting variable costs from revenues.…
Q: Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $350, ee0…
A: In order to determine the contribution margin, all the variable expenses are required to be deducted…
Q: Requirements: a. Compute break-even point in units using the mathematical equation. b. Compute…
A: Thank you for posting questions. Since you have posted multiple questions, as per the guideline I am…
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- (Learning Objectives 1, 2: Apply GAAP for proper revenue recognition; accountfor sales returns and allowances) Treno Industries sells to wholesalers. Customers must paywithin 15 days or at the point of sale using a credit card. Treno’s cost of goods sold is 40% ofsales. The company had the following selected transactions during March:March 3 Sold $15,000 of merchandise to Whittier Company on account.Sold $2,000 of merchandise to Yeller Corp., who paid by credit card. The creditcard company charges Treno a fee of 2% on credit card sales.March 4March 15 Whittier Company paid the balance of what it owed for the purchase on March 3.March 19 Sold $22,000 of merchandise to Zucca Co. on account.March 21 Zucca reported that some of the merchandise received was scratched and returned$1,000 worth of merchandise to Treno.March 23 Sold $32,000 of merchandise to Nichols Co. on account.March 25 Zucca paid the balance of what it owed for the purchase on March 19.March 31 Treno made the adjusting…(Learning Objectives 1, 2: Apply GAAP for proper revenue recognition; accountfor sales returns and allowances) Dearborn Industries sells to wholesalers. Customers mustpay within 15 days or at the point of sale using a credit card. Dearborn’s cost of goods sold is35% of sales. The company had the following selected transactions during March:March 3 Sold $25,000 of merchandise to Greenleaf Company on account.Sold $4,000 of merchandise to Yardley Corp., who paid by credit card. The creditcard company charges Dearborn a fee of 2% on credit card sales.March 4March 15 Greenleaf Company paid the balance of what it owed for the purchase on March 3.March 19 Sold $12,000 of merchandise to Zurich Co. on account.March 21 Zurich reported that some of the merchandise received was scratched and returned$500 worth of merchandise to Dearborn.March 23 Sold $38,000 of merchandise to Niles Co. on account.March 25 Zurich paid the balance of what it owed for the purchase on March 19.March 31 Dearborn made…Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format incomestatement for a recent month for the two games appears below:Claimjumper Makeover TotalSales ............................................ $30,000 $70,000 $100,000Variable expenses ...................... 20,000 50,000 70,000Contribution margin ..................... $10,000 $20,000 30,000Fixed expenses .......................... 24,000Net operating income .................. $ 6,000Required:1. Compute the overall contribution margin (CM) ratio for the company.2. Compute the overall break-even point for the company in sales dollars.3. Verify the overall break-even point for the company by constructing a contribution format incomestatement showing the appropriate levels of sales for the two products.
- Problem 1. Statement of Comprehensive Income The Sunshine Moments Bookstore sells the books used in classes such as workbooks and coloring books. All the enrolled students (150 students) purchased the three prescribed books at P500 each. The books cost P200 each. Also, sales of various school supplies amounted to P500,000. Costs of these school supplies amounted to P250,000. The monthly salary of the bookstore manager is P20,000. The store is manned by one clerk with monthly salary of P6,000. Utilities expense for the year totals P80,000. Of this, 25* is for the small office at the back of the bookstore. Depreciation for store fixtures amounted to P50,000. Prepare the multi-step income statement for the year ended December 31 for Sunshine Moments Bookstore,(Learning Objective 2: Compare gross profit—FIFO vs. LIFO—falling prices)Suppose a Walmart store in Fillmore, Missouri, ended January 2018 with 900,000 units ofmerchandise that cost $5 each. Suppose the store then sold 50,000 units for $510,000 duringFebruary. Further, assume the store made two large purchases during February as follows:Feb 10 10,000 units @ $3.10 = $31,00021 25,000 units @ $2.20 = $55,000Requirements1. Calculate the store’s gross profit under both FIFO and LIFO at February 28.2. What caused the FIFO and LIFO gross profit figures to differ?PROGRAMS SELF DEVELOPMENT E-LIBRARY ZAIN HANDBOOKS Using the below table of two Soda Companies, please answer the following question: Company A 5,000,000.00 Company B 10,000,000.00 # of annual sales Price per product 1.2 1.1 Cost of production per product 0.88 0.75 Advertising cost 100,000.00 150,000.00 300,000.00 200.000.00 250,000.00 500,000.00 Electricity cost 500,000.00 800,000.00 500,000.00 600,000.00 Depreciation cost Staff cost Admin cost TIME LEFT O:43:15 What is the Gross Profit of each company 8:02 AM 2/11/2021
- Answer the following 2 questions based on the information in the spreadsheet you created below: Year 1 Year 2 Year 3 Year 4 $ % $ % $ % $ % Net Sales $ 500,000.00 100.00% $ 540,000.00 100.00% $ 577,800.00 100.00% $ 612,468.00 100.00% Cost of goods 265,000.00 53.00% $ 283,500.00 52.50% $ 300,456.00 52.00% $ 321,545.70 52.50% Gross Margin 235,000.00 47.00% $ 256,500.00 47.50% $ 277,344.00 48.00% $ 290,922.30 47.50% Operating expenses 210,000.00 42.00% $ 226,800.00 42.00% $ 245,565.00 42.50% $ 257,236.56 42.00% Operating proft 25,000.00 5.00% $ 29,700.00 5.50% $ 31,779.00 5.50% $ 33,685.74 5.50% 1. What can Mr. Ptolemy do to achieve the gross margin percentage goal set for the third and fourth years? Hint: What factors and elements of a P & L statement affect gross margin %?(List at least 2 things) 2. What efforts should Mr. Ptolemy make in the third and…Complete the problems. Chelk 3. Dabney Washington is paid a weekly comm1ssI Sales of the week? or Lesson Practice Use the following commission schedule to find the total graduated commission in Problems 5–8. 5% on First 8% on Next 10% on sales Total Sales Amount $5,000 $10,000 Over $15,000 Commission 5. $4,000 b. С. d. а. 6. 8,000 а. b. d. 7. 18,000 b. d. а. 8. 27,500 b. a. d. $7,500 or on in of Last week less and 3.0% on in of Nate's 9. Mary Robertson sells tires Dabney's was of her sales for 4. Nate a of on sales of orCC EMIC) E-LEARNING SERVICES - SQU LIBRARIES SQU PORTAL ATTENDA Time left 2:01:24 20 O d. Coca-Cola factory O e. Jet building factory CLEAR MY CHOICE Company XYZ made total sales revenue of $300,000. The variable manufacturing costs were $95,000 while the fixed manufacturing costs were $20,000. The variable selling and administrative expenses were $47,000 while the fixed selling and administrative expenses were $10,000. How much was the total contribution margin ($)? O a. None of the given answers O b. 205,000 O c. 158,00o C., O d. 185,000 O e. 243,000 NEXT PAGE Jump to... COURSE OUTLINE SPRING2021 ► OTO 4 81
- 19. income statements are not as detailed as multi-step income statements and combine all revenues and all expenses into general categories. There is no differentiation between operational and non-operational activities. 20. The formula for gross profit is What I Can Do Solve the following: 1. On June 1, of the current year, Columbia Candy Supplies sells 125 candy buckets to a local school at a sales price of #510.00 per bucket. The cost is P260.00 per bucket. The terms of the sale are 2/10, n/60, with an invoice date of June 1. Create the journal entries for Columbia Candy Supplies to recognize the following transactions. a. The initial sale (using periodic inventory system) b. The collection of payment made by the local school on July 12. 2. Cosmos Enterprises purchases 32 cellular telephones on credit from a manufacturer on November 3 at a price of P8,000 per phone. Terms of the purchase are 3/5, n/30 with an invoice date of November 3. Cosmos Enterprises pays in full for the phones…Background Consider the following information for the company Freddie's Furniture Supplies, who manufacture outdoor furniture: Income Statement Freddie's Furniture Supplies Year Ended 31st December 2020 Net Sales Revenue $290,350 less: COGS $132,560 = Gross Profit $157,790 less: Operating (Non Product) Expenses $85,900 equals: Net Profit $71,890 Beginning and Ending Finished Goods, of the year, were $32,000 and $14,600 respectively. Question What was the COGM (Costs of Goods Manufactured) for Freddie's company for the year ended 31st December 2020? Select one: a. Cannot be calculated with the information provided. O b. COGM = $147,160 O c. COGM = $115,160 O d. COGM = $129,760tempt.php?attempt=2891395&cmid=866300 e. A fr. Enduring Word Bibl.. My Questions | bart. Financial Aid Student Accounts Resources Campus Store Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) What were the results of the restaurant's projected revenue, relative to its projected costs? Select one: a. Profit b. Loss c. Break-even Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over)