the effect of the unit price factor on the change in sales is a:
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If sales totaled $192,582 for the current year (10,699 units at $18 each) and planned sales totaled $149,424 (12,452 units at $12 each), the effect of the unit price factor on the change in sales is a:
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- Margin of safety Jorgensen Company has sales of 380,000,000, and the break-even point in sales dollars is 323,000,000. Determine Jorgensen Companys margin of safety as a percent of current sales.Ranger Industries has provided the following information at June 30: Other information: Average selling price, 196 Average purchase price per unit, 110 Desired ending inventory, 40% of next months unit sales Collections from customers: In month of sale20% In month after sale50% Two months after sale30% Projected cash payments: Inventory purchases are paid for in the month following acquisition. Variable cash expenses, other than inventory, are equal to 25% of each months sales and are paid in the month of sale. Fixed cash expenses are 40,000 per month and are paid in the month incurred. Depreciation on equipment is 2,000 per month. REQUIREMENT You have been asked to prepare a master budget for the upcoming quarter (July, August, and September). The components of this budget are a monthly sales budget, a monthly purchases budget, a monthly cash budget, a forecasted income statement for the quarter, and a forecasted September 30 balance sheet. The worksheet MASTER has been provided to assist you. Ranger Industries desires to maintain a minimum cash balance of 8,000 at the end of each month. If this goal cannot be met, the company borrows the exact amount needed to reach its goal. If the company has a cash balance greater than 8,000 and also has loans payable outstanding, the amount in excess of 8,000 is paid to the bank. Annual interest of 18% is paid on a monthly basis on the outstanding balance.Working Backward: Gross Profit Ratio Acmes gross profit ratio increased by 20% over the prior year. Net sales and cost of goods sold for the prior year were $120,000 and $90,000, respectively. Cost of goods sold for the current year is $140,000. Required Determine the amount of Acmes sales for the current year.
- During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?If sales totaled $646,584 for the year (80,823 units at $8 each) and the planned sales totaled $785,770 (78,577 units at $10 each), the effect of the quantity factor on the change in sales is: a.$139,186 decrease b.$22,460 increase c.$22,460 decrease d.$139,186 increaseMiller Company’s contribution format income statement for the most recent month is shown below: Required:(Consider each case independently):1. What is the revised net operating income if unit sales increase by 15%?2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 25%?3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%?4. What is the revised net operating income if the selling price per unit increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%?
- Assume a company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What does this meanMiller Company’s contribution format income statement for the most recent month is shown below: Required: (Consider each of the four requirements independently): Assume the sales volume increases by 4,284 units: What is the revised net operating income? What is the percent increase in unit sales? Using the most recent month’s degree of operating leverage, what is the percent increase in net operating income? What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 22%? What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%? What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 11%?From the following information, compute percent change in operating income for the current year. Sales for the previous year $210,000 Contribution margin 181,000 Fixed costs 125,000 Operating income 36,000 Assume that sales for the current year increased by 17%. a.86% b.92% c.74% d.96%
- Company XYZ is currently making sales of $200,000. At this level, the variable expenses viere $160,000 . Assume that company XYZ expects sales to increase to $450,003 in coming period with no change is expected to fixed expenses. How much is the expected change in profit ? a- Increase by $ 10,000 b -Increase by 40,000 C- increase by $ 50,000 D-be determined E- Increase by $160,000Company XYZ is currently making sales of $ 200,000, At this level, the variable expenses were $ 160,000. Assume that company XYZ expects sales to increase to $ 450,000 in the coming period with no change is expected to foed expenses How much is the expected change in profit?During year 1, the sales and Cost of goods sold were GHS 6,00,000 and GHS 4,30,000 respectively. Next year, the sales are expected to increase by 10%. The Cost of goods sold for next year would be
