How much is controllable margin? NUBD Manufacturing reported the following items for 2021: Income tax expense P 30,000 Contribution margin 100,000 Controllable fixed costs 60,000 Interest expense 20,000 Total operating assets 325,000
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How much is controllable margin?
NUBD Manufacturing reported the following items for 2021:
Income tax expense P 30,000
Contribution margin 100,000
Controllable fixed costs 60,000
Interest expense 20,000
Total operating assets 325,000
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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.Leo Corporation has the following data for 2021: Per unit variable: Direct material P50 Direct labor P30 Variable Overhead P20 Fixed: Fixed manufacturing P 250,000 Fixed Selling P1,000,000 Fixed General and Administrative: P 700,000 Assuming production for the year is 25000 units and there is no beginning inventory, what is the 2021 before tax net income using absorption costing if 80% of the units produced were sold for a total consideration of P5,000,000 in 2021?Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is:
- The following selected data for BC Company for 2022: Sales P 2,000,000Variable Costs 1,200,000Traceable Fixed Costs 200,000Average Invested Capital 400,000Capital Charge 15% 1. The residual income amounted to? 2. Assuming the same information in the previous item, the return on investment percentage is?Baryans Corporation provided the following partial income statements and detailed information for the past two years: 2021 2020 Changes Sales P360,000 P192,000 P168,000 Cost of sales 158,400 96,000 62,400 Gross income 201,600 96,000 105,600 Unit selling price P150 P120 Unit cost P66 P60 Quantity sold 2,400 1,600 How much is thr sales pricr variance? 72,000 favorable 72,000 unfavorable 57,600 unfavorable 57,600 unfavorable Refer to the case of Baryans Corporation. How much is the sales volume variance? 96,000 fav. 96,000 unfav. 48,000 unfav. 48,000 fav. Refer to the case of Baryans Corporation. How much is the cost price variance? Refere to the case Baryans Corporation. How much is the cost volume variance?The X Corp income statement resembles the following after 35,000 units were sold in 2020. Sales = $420,000 / $12 per unit Variable = $192,500 / $5.5 per unit Contribution Margin = $227,500 / $6.5 per unit Fixed Expense $110,000 Net Op Income $117,500 A. What is X Corp. breakeven point in units and dollars? B. What is X Corp. margin of safety in %, units, and dollars?
- Warmuplang Corporation showed the following costs for 2020 Warehouse depreciation P 300,000 Salaries of warehouse supervisor 200,000 Increase in RM inventory 20,000 Direct material purchases 120,000 Direct labor costs incurred 180,000 Variable selling costs 80,000If the company produced and sold 100,000 and 90,000 units, respectively during 2020. How much would be the difference in net income under absorption and variable costing?INCOME STATEMENT Hermann Industries is forecasting the following income statement:Sales $8,000,000Operating costs excluding depr. & amort. 4,400,000EBITDA $3,600,000Depreciation & amortization 800,000EBIT $2,800,000Interest 600,000EBT $2,200,000Taxes (40%) 880,000Net income $1,320,000The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assumethat operating costs (excluding depreciation and amortization) are 55% of sales and thatdepreciation and amortization and interest expenses will increase by 10%. The tax rate, whichis 40%, will remain the same. What level of sales would generate $2,500,000 in net income?Your Company's residual income was $8,500. Net income was $170,000 and average operating assets were $850,000. What was the expected return percentage? Group of answer choices 17% 21% 19% 18% 20%
- In 2018, Downy Co presented total variable cost at $687.50; total fixed cost at $6,750,000; sales price per unit $1,250; sold 20,000 units; tax rate at 30%. What is the required sales amount to equal 20A net income after tax if the company is the entity is to spend $562,500 for the next month?Phelps Glass Inc. has reported the following financial data: net revenues of $10 million, variablecosts of $5 million, controllable fixed costs of $2 million, noncontrollable fixed costs of $1 million,and nontraceable costs of $500,000.What are the controllable margin, CPC, and operating income, respectively?a. $5,000,000; $3,000,000; $500,000b. $2,000,000; $1,500,000; $500,000c. $3,000,000; $2,000,000; $1,500,000d. $1,000,000; $2,000,000; $1,500,000Choose 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