Fill in the missing amounts in each of the four case situations below. Each case is independent of the others. Assume that only one product is being sold in each of the four following case situations: Case Units Sold Sales Variable Expenses Contribution Margin per Unit Fixed Expenses Net Income (Loss) 1 20,000 $ 220,00 $ 140,000 $ A $ 55,000 $ B 2 C 147,000 D 8 34,000 8,000 3 15,000 E 75,000 12 F 14,000 4 8,000 320,000 G H 110,000 (30,000)

Fill in the missing amounts in each of the four case situations below. Each case is independent of the others. Assume that only one product is being sold in each of the four following case situations: Case Units Sold Sales Variable Expenses Contribution Margin per Unit Fixed Expenses Net Income (Loss) 1 20,000 $ 220,00 $ 140,000 $ A $ 55,000 $ B 2 C 147,000 D 8 34,000 8,000 3 15,000 E 75,000 12 F 14,000 4 8,000 320,000 G H 110,000 (30,000)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 11MCQ: Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett...

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Garrett Company provided the following information: Common fixed cost totaled 46,000. Garrett allocates common fixed cost to Product 1 and Product 2 on the basis of sales. If Product 2 is dropped, which of the following is true? a. Sales will increase by 300,000. b. Overall operating income will increase by 2,600. c. Overall operating income will decrease by 25,000. d. Overall operating income will not change. e. Common fixed cost will decrease by 27,600.
Complete this question by entering your answers in the tabs below. Required A Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case 1 Case 2 Case 3 Case 4 Units sold 8,700 19,200 5,100 Sales $261,000 $300,000 $173,400 Variable expenses 174,000 211,200 Fixed expenses 91,000 174,000 75,000 Net operating income (loss) $6,000 $145,400 $1,500 Contribution margin per unit $12 $12
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In the table below, fill in the missing amounts for the 4 companies. Each case is independent of the others. Assume that only one product is being sold by each company. Company A Company B Company C Company D Units sold 600 ? ? 900 Sales in dollars $30,000 $70,000 $240,000 ? Total variable expenses $7,200 ? ? $144,000 Per unit C/M ? $80 $270 $140 Total fixed expenses $20,000 $50,000 $145,000 ? Net Operating income (loss) ? $6,000 ($10,000) ($24,000)
A summary of HM Co's recent statement of profit or loss is given below: $'000 Revenue 10,123 Cost of sales (7,222) Gross profit 2,901 Expenses (999) Profit before interest and tax 1,902 Interest (1,000) Tax (271) Profit after interest and tax 631 70% of cost of sales and 10% of expenses are variable costs. What is HM Co's operational gearing?
Choose the correct letter of answer In 20x2 the Cranky Processing Company had the following data coming from its income statement (in Pesos): Sales, P1,200,000; Variable costs: (a) Goods sold, P400,000 and (b) S&A Expenses, P100,000; Fixed costs: (a) Factory overhead, P110,000, and S&A Expenses, P80,000. Income tax rate is 15%. Determine the required peso sales to provide an after-tax net income of P150,000. a. P261,765b. P176,471c. P366,471d. P628,235
Mission Company has three product lines: D, E, and F. The following information is available: D E F Sales revenue 83,000 42,000 24,000 Variable expenses 40,000 26,000 15,000 43,000 16,000 9,000 Fixed expenses 12,000 15,000 17,000 Operating income 31,000 1,000 $(8,000) Mission company is thinking of discontinuing product line F because it is reporting an operating loss. All fixed expenses are unavoidable. Assuming Mission Company discontinues product line F and does not replace it, what affect will this have an operating income?
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Rowan coffee co. Incurs a loss from operations for the standard coffee line. Sales revenue for the line total $72,000 while incurring variable cost of goods sold of $19,500, variable selling expenses of 17,400 and a fixed cost of $ 49,000. How do I determine if the standard coffee line should be continued or discontinued??
Crane Company's Division B recorded sales of $35,800, variable cost of goods sold of $24,800, variable selling expenses of $9,600, and fixed costs of $6,200, creating a loss from operations of $4,800. Determine the differential income or loss from the sales of Division B. Enter a loss as a negative number.$fill in the blank 1 Should this Division B be discontinued? (If the answer to above part is zero, select "No".)

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Case	Units Sold	Sales	Variable Expenses	Contribution Margin per Unit	Fixed Expenses	Net Income (Loss)
1	20,000	$ 220,00	$ 140,000	$ A	$ 55,000	$ B
2	C	147,000	D	8	34,000	8,000
3	15,000	E	75,000	12	F	14,000
4	8,000	320,000	G	H	110,000	(30,000)