The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses Skirts Sales price per unit: Blouses Skirts Variable cost per unit Blouses 5,276 4,488 3,296 8,162 a. Skirts $ b. The South Region $22 $17 $19 $16 $8 $8 Skirts $12 $12 Determine the contribution margin for the following:
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- The following data are for Trendy Fashion Apparel: Line Item Description North South Sales volume (units): Blouses 5,264 4,591 Skirts 3,214 8,091 Sales price per unit: Blouses $21 $18 Skirts $18 $15 Variable cost per unit Blouses $6 $6 Skirts $12 $12 Determine the contribution margin for the following: a. Skirts fill in the blank 1 of 1$ b. The South Region fill in the blank 1 of 1$The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,534 4,195 Skirts 3,341 7,854 Sales price per unit: Blouses $22 $16 Skirts $16 $19 Variable cost per unit Blouses $9 $9 Skirts $11 $11 Determine the contribution margin for the following: a. Skirts $fill in the blank 1 b. The South Region $fill in the blank 2The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,229 4,701 Skirts 3,240 7,832 Sales price per unit: Blouses $22 $17 Skirts $16 $19 Variable cost per unit Blouses $7 $7 Skirts $10 $10 a. Determine the contribution margin for Skirts.
- Question Content Area The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,246 4,492 Skirts 3,232 7,771 Sales price per unit: Blouses $22 $15 Skirts $17 $18 Variable cost per unit Blouses $8 $8 Skirts $12 $12 Determine the contribution margin for the following:Contribution Margin by Segment The following data are for Cabin Craft Apparel: East West Sales volume (units): Product XX 9,300 10,000 Product YY 6,100 12,900 Sales price: Product XX $18 $20 Product YY $23 $22 Variable cost per unit: Product XX $11 $11 Product YY $14 $14 a. Determine the contribution margin for Product YY.$fill in the blank 1 b. Determine the contribution margin for the West Region.$fill in the blank 2Contribution Margin by Segment The following data are for Elm Leaf Apparel: East West Sales volume (units): Product XX 5,000 4,600 Product YY 4,600 9,300 Sales price: Product XX $12 $13 Product YY $16 $17 Variable cost per unit: Product XX $7 $7 Product YY $10 $10 a. Determine the contribution margin for Product YY.$ b. Determine the contribution margin for the West Region.$
- QuestionTony’s Textile Company sells shirts for men and boys. The average selling price and variable cost for each product are as follows:Men's Boys'Selling Price $28.80 Selling Price $24.00Variable Cost $20.40 Variable Cost $16.80Fixed costs are $38,400.Required:a. What is the breakeven point in units for each type of shirt, assuming the sales mix is 2:1 in favor of men's shirts? b. What is the operating income, assuming the sales mix is 2:1 in favor of men's shirts, and sales total 9,000 shirts? c. What is meant by a product’s contribution margin ratio and how is this ratio useful in the planning of business operations?Assume the following information for a merchandising company: Number of units sold 20,000Selling price per unit $ 30Variable selling expense per unit $ 3.6Variable administrative expense per unit $ 2.6Fixed administrative expenses $ 50,000Beginning merchandise inventory $ 24,000Ending merchandise inventory $ 19,000Merchandise purchases $ 340,000 What is the contribution margin?Vaughn Candle Supply makes candles. The sales mix (as a percentage of total dollar sales) of its three product lines is birthday candle 30%, standard tapered candles 50%, and large scented candle 20%. The contribution margin ratio of each candle type is shown below. Candle Type Contribution Margin Ratio Birthday 20% Standard tapered 30% Large scented 40% a/ What is the weighted-average contribution margin ratio?
- Joy Company had the following segmented statement for a party supplies represented by product line. Jingle Belle Gifts TOTALS Sales 20,000 30,000 50,000 100,000 Cost of Goods Sold 10,000 18,000 40,000 68,000 Gross Margin 10,000 12,000 10,000 32,000 Operating Expenses: Administrative 5,000 5,000 5,000 15,000 Selling 3,000 4,500 7,500 15,000 Net Income 2,000 2,500 -2,500 2,000 Assume that administrative expense is a common cost which has been allocated equally to each product line; selling expenses are 15% of sales. The firm has suggested eliminating Gifts. Required: What would be the impact on total net income if this suggestion were adopted? (Indicate decrease or increase and the amount.Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported the following: Last year, Orman produced 89,000 units and sold 90,500 units at 10.50 per unit. Required: 1. Prepare a statement of cost of goods manufactured. 2. Prepare an absorption-costing income statement.Delos, Inc. reports the following information for April: Sigma Gamma Units sold 2,000 units 800 units Sales price per unit $300 $600 Variable manufacturing cost per unit 150 460 Sales commission per unit: Sigma: 88% of sales price 24 Gamma: 66% of sales price 36 What is the contribution margin of Sigma?