How much is controllable margin? * Do not use money sign. Sample format: 11,111 NUBD Manufacturing reported the following items for 20 Income tax expense Contribution margin Controllable fixed costs Interest expense Total operating assets P 30,000 100,000 50,000 20,000 325,000
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: The preceding year income statement for the year ending March 31 is as follows Sales (200,000 units…
Q: a. Criticize the preceding presentation. On what basis does the $10,000 of company fixed expenses…
A: Calculation of ratio of allocating company fixed expenses: 3333 : 1667 : 5000 or .33 : .17 : .50 or…
Q: ixed expenses were $36,900. Required: 1. What is the company's contribution margin (CM) ratio? 2.…
A: Contribution Margin Ratio is percentage difference between corporate revenues and variable costs.…
Q: For Sheridan Company, sales is $2000000, fixed expenses are $900000, and the contribution margin…
A: Solution: Fixed expenses = $900,000 Target net income = $700,000 Contribution margin ratio = 36%
Q: Company XYZ made total contribution margin of $400,000 and a net income of $130,000. The company…
A: Contribution Margin – Fixed Expenses = Net Income (Loss). Fixed expenses = Contribution margin - net…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: SOLUTION-1 The company management feels that it should earn at least Rs.10000 pre taxes per annum on…
Q: Given the income statement of ABC Company Sales P400,000 Variable Cost (120,000) Contribution margin…
A: Margin of Safety: The idea of margin of safety dictates that an investor buys assets only when their…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: Contribution margin per unit = Contribution margin / No. of units = Rs. 200,000 / 200,000 units=…
Q: Complete each of the following contribution format income statements by supplying the missing…
A: Contribution format income statement: Contribution format income statement highlights the cost…
Q: follow s Sales (200,000 units @ 2.5 Each) Rs. 5, 00,000 Variable…
A: The preceding year income statement for the year ending March 31 is as follows:- Sales (200,000…
Q: Sales $ 400, eee Variable expenses 260,e00 140, eee Contribution margin Fixed expenses 96,eee Net…
A: Formula: Contribution margin ratio = ( Contribution margin / Sales ) x 100
Q: Accounting Complete the missing information in the columns below: A C Sales $100,000 (d) $450,000…
A: Variable Cost- A variable cost is a business expense that changes in percentage to how much a…
Q: Stockmaster Corporation has provided the following contribution format income statement. Assume that…
A: A margin of safety is a built-in cushion that allows for some losses to occur without having a…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: Contribution margin per unit = Contribution margin / No. of units sold = Rs. 200,000 / 200,000 = Rs.…
Q: Prepare a contribution margin format income statement; answer what-ifquestions Shown here is an…
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: Calculation of Contribution Margin per unit: Selling price per unit = Rs. 2.5 Variable cost per unit…
Q: R&R Tax Service offers tax and consulting services to individuals and small businesses. Data for…
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: Calculate the total Marginal Income and Net Profit/Loss if all the tables are sold. INFORMATION…
A:
Q: 20. A company’s contribution approach income statement showed net income, variable production…
A: Sales = Net income + Variable cost + Fixed cost = P4,000 + P15,000 + P10,000 = P29,000
Q: Sheridan Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60…
A: (A)
Q: Direct fixed cost contro the period just ended: Contribution margin Period expenses: Manager's…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The records of Valium Company show a contribution margin ratio of 45%. The company desires to earn a…
A: The target sales revenue is calculated by dividing the target contribution margin by contribution…
Q: The Variable Cost of Goods Sold in the Marin Company totals P325,000. Fixed selling and…
A: Variable Costing - In this costing method, variable costs are considered while preparing the cost of…
Q: HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost /…
A: Given: For the preceding year the HASF Ink ltd having the cost/revenue relationship following the…
Q: The Variable Cost of Goods Sold in the Marin Company totals P325,000. Fixed selling and…
A: In this question we are asked to find out the sales and this is of revenue nature question. Sales…
Q: Restate the following income statement in contribution margin format. (Round answers to 2 decimal…
A: Step 1 A contribution margin income statement is an income statement in which all variable expenses…
Q: The Cartwright Company income statement revenue and per unit costs are as follows: Sales $100.00…
A: Degree of operating leverage defined as the ratio which measures how much of the company operating…
Q: 20. The following is a summarized income statement of CoolKid Co.'s profit center No. 44 for March:…
A: Organization is divided into three parts which are, (1)Cost center (2) Profit center (3) Investment…
Q: Sam Co. developed the following information for the year ended December 31, 2021 Total Product A…
A: Current scenario: Total Contribution margin = P18,000 Contribution margin per unit = P18,000 /…
Q: How much is controllable margin? NUBD Manufacturing reported the following items for 2021: Income…
A: The controllable margin is calculated as difference between contribution margin and controllable…
Q: Company XYZ made total contribution margin of $500,000 and a net income of $120,000. The company…
A: Total Fixed Cost = Contribution Margin - Net Income Total Fixed Cost = $500,000 - $120,000 Total…
Q: From the PW, AW, and FW values below, the conventional B/C ratio is closest to:a. 1.27b. 1.33c.…
A: Conventional benefit-cost analysis (B/C ratio) is the ratio that depicts the relationship between…
Q: income is $500,000. What should be reported as variable expenses in the contribution margin income…
A: The contribution margin is calculated as difference between sales and variable cost.
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: The Break Even Point In units would be calculate by using following formula : Break Even Point ( In…
Q: Company XYZ made total contribution margin of $800,000 and a net income of $90,000. The company also…
A: Fixed Manufacturing cost:-It is the cost which incurred in the production of goods which can never…
Q: Company XYZ made total contribution margin of $700,000 and a net income of $100,000. The company…
A: Formula: Net Income = Total contribution margin - Fixed manufacturing cost Deducting fixed…
Q: For items 25 to 26 The following information were taken from the records of Zamboanga Corporation…
A: Contribution margin ratio = Contribution margin per unit/selling price per unit Traceable…
Q: Belowis an income statement for NUBD Company: P 400,000 (120.000) Contribution margin P280,000…
A: Contribution Margin Ratio = Contribution MarginSales × 100 = P280,000P400,000×100 = 70% Break Even…
Q: Company XYZ made total contribution margin of $400,000 and a net income of $130,000. The company…
A: Calculation of Fixed Selling and Administrative expenses :-
Q: Belowis an income statem ent for NUBD Company P400,000 (120.000) Contribution margin P280,000…
A: Contribution margin ratio = Contribution margin /sales = 280000/400000 = 70%
Q: A company’s contribution approach income statement showed net operating incomeof $4,000, and fixed…
A: Contribution margin: Difference between the sales and the variable costs is called contribution…
Q: V. A company’s contribution format income statement for the previous follows: Amount Sales…
A: Solution:- a) Computation of the company’s degree of operating leverage as follows:- Formula:-…
Q: Company XYZ made total contribution margin of $300,000 and a net income of $140,000. The company…
A: Fixed Manufacturing Cost:-It is those expenses or cost which can never be changed with the change in…
Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost…
A: BEP (Units)= Fixed Cost/ Contribution per unit Fixed Cost= Rs 100000 Contribution= Rs 200000 Total…
Q: pany's contribution format income statement for June is as follows: Vulcan Company Income Statement…
A: Income Statement: It is a statement which is prepared periodical and shows the profitability of the…
12
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 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?Understanding CVP relationships Calculate the missing amounts for each of thefollowing firms: Contribution Variable Margin Fixed OperatingSales Costs Ratio Costs Income (Loss)Firm A $320,000 ? 32% ? $38,300Firm B ? $465,050 ? $118,000 71,950Firm C 134,000 ? 26% 36,700 ?Firm D ? 59,000 20% ? (4,920)What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000
- Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of rates of return on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $925,000 $185,000 (a) 15% (b) (c) $775,000 (d) (e) (f) $93,000 $23,250 $450,000 (g) 18% (h) $58,500 (i) $610,000 $97,600 (j) 12% (k) (l) Determine the missing values, identifying each item by the appropriate letter. a. fill in the blank 1% b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5% f. fill in the blank 6% g. $fill in the blank 7 h. fill in the blank 8% i. $fill in the blank 9 j. fill in the blank 10% k. $fill in the blank 11 l. $fill in the blank 12Calculate the residual income with the following data: Controllable margin $202,596 Minimum Rate of Return 11% Average Operating Assets $3,092,235 Round to the nearest whole dollar, no decimal places. Note: Controllable margin is the same as net income for a segment with control over the costs. Minimum rate of return is the same as the cost of capital.Following information is related to Product X of Zempa Company: Current replacement cost $230 Cost to distribute $42 Historical cost Normal profit margin Selling price $215 $36 $245 If lower-of-cost-or-market rule (LCM Rule) is applied, then the value of Product X that would be reported in the balance sheet is: a.
- Determining missing items in return and residual income computations Data are presented in the following table of returns on investment and residual incomes: Invested Assets Operating Income Return on Investment Minimum Return on Investment Minimum Acceptable Operating Income Residual Income $870,000 $200,100 (a) 13% (b) (c) $520,000 (d) (e) (f) $57,200 $26,000 $340,000 (g) 14% (h) $37,400 (i) $260,000 $49,400 (j) 11% (k) (l)Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of rates of return on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $980,000 $225,400 (a) 13% (b) (c) $600,000 (d) (e) (f) $72,000 $24,000 $320,000 (g) 14% (h) $35,200 (i) $240,000 $45,600 (j) 11% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number.Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of returns on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $780,000 $187,200 (a) 13% (b) (c) $490,000 (d) (e) (f) $53,900 $24,500 $350,000 (g) 14% (h) $38,500 (i) $260,000 $52,000 (j) 12% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number. a. fill in the blank 1% b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5% f. fill in the blank 6% g. $fill in the blank 7 h. fill in the blank 8% i. $fill in the blank 9 j. fill in the blank 10% k.…
- 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. P628,235Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of returns on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $890,000 $231,400 (a) 15% (b) (c) $460,000 (d) (e) (f) $50,600 $23,000 $310,000 (g) 14% (h) $31,000 (i) $230,000 $48,300 (j) 12% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number. a. % b. c. d. e. % f. % g. h. % i. j. % k. l.Determining missing items in return and residual income computations Data for Uberto Company are presented in the following table of rates of return on investment and residual incomes: Invested Assets Income from Operations Return on Investment Minimum Return Minimum Acceptable Income from Operations Residual Income $950,000 $228,000 (a) 13% (b) (c) $550,000 (d) (e) (f) $60,500 $27,500 $350,000 (g) 14% (h) $38,500 (i) $260,000 $52,000 (j) 12% (k) (l) Determine the missing values, identified by the letters above. For all amounts, round to the nearest whole number. a. fill in the blank 1% b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5% f. fill in the blank 6% g. $fill in the blank 7 h. fill in the blank 8% i. $fill in the blank 9 j. fill in the blank 10% k. $fill in the…