If sales are $828,000, variable costs are 68% of sales, and operating income is $278,000, what is the contribution margin ratio? A. 64% B. 36% C. 68% D. 32%
Q: Guiller Company's projected profit for the coming year follows TOTAL PER UNIT Sales Variable costs…
A: Margin of safety: It can be defined as the difference between the actual sales and the sales at the…
Q: Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin…
A: Information given in question Sales = $ 200000 Contribution $ 200000 × 45% = $ 90000 Variable cost =…
Q: If sales are $28,000 , variable costs are $ 8,000 , and fixed costs are $4,000 , the contribution…
A: The contribution margin can be calculated by using this equation Contribution margin ratio…
Q: If sales are $22,000, variable costs are $8,000, and fixed costs are $2,500, the contribution margin…
A: Contribution margin = sales - variable costs = $22000 - $8000 = $14000
Q: A Company has Sales of P1,457,900, a Contribution Margin Ratio of 35%, and Margin of Safety of…
A: Given that, sales = P1457900 Contribution margin ratio = 35% Margin of safety = P224000
Q: 1. Determine the total variable costs and the total fixed costs for the current year. Total variable…
A: Hi student Since there are multiple subparts, you have asked the solution for requirements 5, 6…
Q: If sales are $22,000, variable costs are $8,000, and fixed costs are $2,500, the contribution margin…
A: The contribution margin ratio shows the percentage of sales revenue remaining after the business has…
Q: Assume the following (1) variable expenses = $286,000, (2) unit sales = 10,000, (3) the contribution…
A: CVP analysis is considered a decision-making tool that helps management to make strategies and take…
Q: If fixed costs are $793,000 and variable costs are 63% of sales, what is the break-even point in…
A: The answer for above question is given below:
Q: If sales are $797,000, variable costs are 80% of sales, and operating income is $201,000, what is…
A: Contribution margin is computed by subtracting the variable costs from sales. Contribution margin…
Q: If sales are $796,000, variable costs are 76% of sales, and income from operations is $230,000, what…
A: Given: Sales=$796000Variable cost =76% of salesIncome from operations=$230000
Q: A company has provided the following data: Sales Sales price Variable cost Fixed cost If the dollar…
A: There are two type of costs incurred in the business. One is fixed costs and other is variable…
Q: Calculate the Margin of Safety, expressed as a percentage of Sales, given the following data: Sales…
A: Formula, Margin of Safety (Dollars) = Actual Sales - Break Even Sales Margin of Safety…
Q: 5) Sales are $500,000 and variable costs are $350,000. What is the contribution margin ratio? а. 43%…
A: Contribution margin: Difference between the sales and the variable costs is called contribution…
Q: A company currently sells product A, B and C in equal quantities and at the same selling price per…
A: Contribution margin ratio is the difference between the sales and variable expenses expressed as a…
Q: For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's…
A: Net income = Contribution - Fixed costs $99,000 = Contribution - $193,000…
Q: A company has sales of $1,000,000, variable costs of $250,000, and fixed costs of $600,000. Compute…
A:
Q: A company has return on sales of 15% at sales of $400,000. Its fixed cost are $90,000; variable…
A: Solution.. Return on sales = 15% Sales = $400,000 Fixed cost = $90,000 Variable cost = $25 per…
Q: If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin…
A: Contribution margin ratio is the difference between sales cost and variable cost in percentage…
Q: If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the…
A: Constribution margin is calculated by deducting the variable cost from the selling price.
Q: The contribution margin ratio is 30%. If total fıxed costs are $24,000, then what is the total cost…
A: Variable cost per unit = Selling price x (1 - contribution margin ratio) = $2 x (1-0.30) = $1.4 per…
Q: 3. A company has return on sales of 20%, income of $50,000, selling price of $10, and a contribution…
A: Solution.. Income = $50,000 Return on sales = 20% Contribution margin ratio = 40% Selling price…
Q: Case 1. If fixed costs are $17,000,000 with breakeven units at 400,000 and the variable cost is…
A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…
Q: Calculate Break-Even Point sales, when total sales, total variable costs and fixed costs are…
A: Break-even Point = Fixed Costs / Contribution Margin Ratio
Q: Answer the following questions based on the given information: Sales Units 500,000…
A: Solution: - 1) Calculation of total contribution as follows under: -
Q: If fixed costs are $859,000 and variable costs are 60% of sales, the break-even point in sales…
A: Break Even Point in Sales Dollar = The Break-even point is the point where the company has recovered…
Q: If sales are $797,000, variable costs are 69% of sales, and operating income is $206,000, what is…
A: Formula: Contribution margin ratio = [ ( Sales - variable cost ) / Sales ] x 100
Q: Assume the following (1) variable expenses = $294,000, (2) unit sales = 10,000, (3) the contribution…
A: This question deals with determining correct statement from all. Lets start with some understanding.…
Q: Raines Company's sales are $940,000 with operating profits of $168,000. If the contribution margin…
A: The term “operating profit” refers to an accounting metric measuring the profits a company generates…
Q: Contribution Margin Ratio a. Imelda Company budgets sales of $1,800,000, fixed costs of $394,000,…
A: Contribution margin = Budgets sales - variable costs = $1,800,000 - $1,116,000 = $684,000
Q: For Sheridan Company, variable costs are 70% of sales, and fxed costs are $179,400. Management's net…
A: Formula: Required sales in dollars = ( Fixed cost + Targeted income ) / contribution margin ratio
Q: If sales are $817,000, variable costs are 79% of sales, and operating income is $240,000, what is…
A: Sales = Total variable cost + Total Contribution margin Contribution margin = Sales - Variable cost
Q: Bryce Co. sales are $848,000, variable costs are $466,300, and operating income is $229,000. What is…
A: Formulas: Contribution margin ratio = (Sales - variable cost)/ Sales Contribution margin ratio =…
Q: 1. A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the…
A: Contribution margin = Selling price - Variable cost Contribution margin ratio = (Contribution/Sales)…
Q: Management anticipates fixed costs of $73,000 and variable costs equal to 47% of sales. What will…
A: In this question has covered the concept of Cost - Volume - Profit Analysis.
Q: Zachary Company reported the following data regarding the product it sells: Sales price Contribution…
A: Break even point = Fixed cost/Contribution margin ratio
Q: If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the…
A: Contribution margin ratio is calculated as ratio of contribution and sales
Q: Required: 1. Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the…
A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…
Q: If sales are $796,000, variable costs are 76% of sales, and income from operations is $230,000, what…
A: Option D is the Correct Answer i.e. 24%
Q: Determine the break-even volume in dollars if fixed costs are increased by $40,000, while variable…
A: break even volume = fixed cost amount /pv ratio pv ratio = 1-variable cost ratio pv ratio = 1-0.4…
Q: For Ivanhoe Company, variable costs are 66% of sales, and fixed costs are $183,000. Management's net…
A: We know that under marginal costing Profit = Sales Revenue - Total Variable cost - Total Fixed…
Q: Calculate the Margin of Safety, expressed as a data: Sales $6,000,000.00 Variable Costs = 60% of…
A: Margin of Safety is the difference between actual sales revenue and break even sales. It the…
Q: If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin…
A: Contribution margin is the sales revenue over and above its variable costs.
Q: Compute the required sales in dollars needed to achieve management’s target net income of $102,100.
A:
Q: If sales are $797,000, variable costs are 69% of sales, and operating income is $206,000, what is…
A: Formulas: Contribution margin ratio = (Sales - Variable cost) / Sales Variable cost = Sale *…
Q: with sales per unit of 300, variable cost per unit of 180, Total fixed cost of 75,000 and target…
A: Break even sales = fixed cost/ pv ratio
If sales are $828,000, variable costs are 68% of sales, and operating income is $278,000, what is the contribution margin ratio?
A. 64%
B. 36%
C. 68%
D. 32%
Which of the graphs in Figure 5-1 illustrates the nature of a mixed cost?
A. Graph 2
B. Graph 4
C. Graph 1
D. Graph 3
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- PROBLEM 11: The following information has been extracted from the records of CCCCompanyabout one of its products: Number Unit Date Transaction of Units Cost 1/1 Beginning balance 1,600 P 14.00 1/6 Purchased 600 14.10 2/5 Sold at P24.00 per unit 2,000 3/19 Purchased 2,200 14.70 3/24 Purchase returns 160 14.70 4/10 Sold at P24.20 per unit 1,400 6/22 Purchased 16,800 15.00 7/31 Sold at P26.50 per unit 3,600 8/4 Sales returns at P26.50 per unit 40 9/4 Sold at P27 per unit 7,000 11/15 Purchased 1,000 16.00 12/28 Sold at P30 per unit 6,200 Compute for the closing inventory and cost of sales under the FIFO periodic methodandthe FIFO perpetual method. Compute for the closing inventory and cost of sales under the weighted averageperiodic method and the moving average method. Compute for the closing inventory and cost of sales under the LIFO periodic methodandthe LIFO perpetual method.CS_3_LA_QA1 1A: Compute the unit product cost for Year 1, Year 2, and Year 3. Unit Product Cost Year 1 Year 2 Year 3 1B: Prepare an income statement for Year 1, Year 2, and Year 3. O’Brien Company Variable Costing Income Statement Year 1 Year 2 Year 3 Variable expenses: Total variable expenses Fixed expenses: Total fixed expensesCS_3_QA4_PIR: Req 4A: Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Product Cost Year 1 Year 2 Year 3 Req 4B: Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) O’Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3
- CS_3_LA_QA4 4A: Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Product Cost Year 1 Year 2 Year 3 4B: Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) O’Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3Problem 1. (40%) The EG Company produces and sells one product. The following data refer to the year just completed:Units in beginning inventory ..........................0Units produced................................................8,900Units sold........................................................8,500Units in ending inventory ...............................400Variable costs per unit:Direct materials ...........................................$26Direct labor..................................................$25Variable manufacturing overhead ...............$4Variable selling and administrative expense.................................................................$4Fixed costs:Fixed manufacturing overhead ....................$249,200Fixed selling and administrative expense....$17,000Sales Price is $100 per unit.Required: b. Prepare an income statement for the year using absorption costing.c. Prepare a contribution format income statement for the year using variable costing.d.…Q#3 HASF Corporation began operations at the beginning of the current year. one of the year company product a compressor sells for 370 per unit’s information related to the current year activities follows Variable cost per unit Direct material 40 Direct labor 74 Manufacturing overhead 96 Annual fixed cost Manufacturing cost 1,200,000 Selling and administrative 1,720,000 Sales and production Sales in units 20,000 Production 24,000 Required - Cost of the December 31 finished goods inventory Net income for the current year Dec 31 If next year production decrease to 22,500 units and general cost behavior patterns do not change what is the likely effect on The direct labor cost of 74 per…
- Particulars 2 units 4 units 8 units Direct Material @ $88000 per unit $176000 $352000 $704000 Direct Manufacturing labor @ $25 per labor hour $131750 = (5270 × $25) $224000 = (8960 × $25) $380800 = (15232 × $25) Variable Manufacturing Overheads Cost @ $15 per labor hour $79050 = (5270 × $15) $134400 = (8960 × $15) $228,480 = (15232 × $15) Total Variable Cost of Production $315655 $710400 $1313280CS_3_QA3_LA: Req 3A: Compute the unit product cost for Year 1, Year 2, and Year 3. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Product Cost Year 1 Year 2 Year 3 Req 3B: Prepare an income statement for Year 1, Year 2, and Year 3. (Round your intermediate calculations to 2 decimal places.) O’Brien Company Absorption Costing Income Statement Year 1 Year 2 Year 3 Sales Cost of goods sold Gross margin 0 0 0 Selling and administrative expenses Net operating income $0 $0 $0Using the cost function C(x)=-0.00000001x^3+0.000556x^2+2.9403x+19715.6363 find the average cost of the first 500 units sold where x=units sold
- Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…TF 3 Part b The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $113,670 $17,910 $95,760 Selling and administrative expense $22,700 $13,100 $9,600 Units manufactured 25,200 units Beginning Finished Goods Inventory 19,200 units Ending Finished Goods Inventory 7,000 units QUESTION- Under variable costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.) Unit product costHd.4. Manufacturing cost data for Salte Company are presented below. Case A Case B Case C Direct materials used (a) $65,600 $132,000 Direct labor $ 56,000 78,000 (g) Manufacturing overhead 48,500 81,900 103,000 Total manufacturing costs 196,650 (d) 263,900 Work-in-process, 1/1/12 (b) 14,500 (h) Total cost of work in process 224,500 (e) 325,000 Work-in-process, 12/31/12 (c) 8,000 70,000 Cost of goods manufactured 182,275 (f) (i) InstructionsIndicate the missing amount for each letter (a) through (c). CASE A ONLY.
