Homework Answers
- Requirement 1
|
( Target operating income |
+ |
Fixed cost ) |
/ |
CM Ratio |
= |
Target Sales in dollars |
|
($102,000 |
+ |
$640,000) |
/ |
40% |
= |
$1,855,000 |
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Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of...
Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of...
Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 70% of revenues. Roger feels like he's in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. Roger's contribution margin has shrunk to 40% of revenues. The company's monthly operating income, prior to these pressures, was $102,000. Read the requirements. Requirement 1. To maintain this same level...
Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of...
Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 90% of revenues. Read the requirements. Requirement 1. Compute Roger's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. ( Fixed expenses + Operating income ) Contribution margin ratio = Breakeven sales in dollars Compute Roger's Steel Parts' monthly breakeven sales in dollars. (Round your answer up to the nearest whole number.) The breakeven sales...
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Ten Toes produces sport socks. The company has fixed expenses of $75,000 and variable expenses of $0.75 per package. Each package sells for $1.50. The number of packages Ten Toes needed to sell to earn a $29,000 operating income was 138,667 packages (rounded). If Ten Toes can decrease its variable costs to $0.55 per package by increasing its fixed costs to $90,000, how many packages will it have to sell to generate $29,000 of operating income? Is this more or...
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Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 70% of revenues. Roger feels like he's in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. Roger's contribution margin has shrunk to 40% of revenues. The company's monthly operating income, prior to these pressures, was $102,000. Read the requirements. Requirement 1. To maintain this same level...
Roger's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 90% of revenues. Read the requirements. Requirement 1. Compute Roger's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. ( Fixed expenses + Operating income ) Contribution margin ratio = Breakeven sales in dollars Compute Roger's Steel Parts' monthly breakeven sales in dollars. (Round your answer up to the nearest whole number.) The breakeven sales...
E7-26A (similar to) 18 Question Help Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 85% of revenues. Gary feels like he's in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. Gary's contribution margin has shrunk to 55% of revenues. The company's monthly operating income, prior to these pressures, was $272,500. Read the requirements. Requirement...
Grover's Steel Parts produces parts for the automobile industry. The company has monthly foxed expenses of $650,000 and a contribution margin of 70% of revenues Read the requirements 0 Requirements Requirement 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula ( Fixed expenses – Operating income Contribution margin ratio - Breakeven sales Compute Grover's Steel Parts monthly breakeven sales in dollars. (Round your answer up to the nearest whole number) The breakeven sales in...
Jule. UUIU PIS тоот (ОСОпрее) с hW Slule. U70, U UI 12 pts O E7-25A (similar to) Question Help Griffin's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $650,000 and a contribution margin of 85% of revenues. Read the requirements. Requirement 1. Compute Griffin's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. 1 = Breakeven sales in dollars i Requirements 1. Compute Griffin's Steel Parts' monthly breakeven sales in...
Big Foot produces sports socks. The company has fixed expenses of $110,000 and variable expenses of $1.10 per package. Each package sells for $2.20. Read the requirements compute contribution Begin by identifying the formula to compute the contribution margin per package. The package. (Enter the amount to the nearest cent.) Sales price per unit Variable cost per unit Contribution margin The contribution margin per package is $ 1.10 Compute the contribution margin ratio. (Enter the ratio as a whole percent.)...
Please calculate operating income for 500,000 and 1,050,000
( 1,050,000 is part 2 of the question which is not shown )
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Ten Toes produces sport socks. The company has fixed expenses of $75,000 and variable expenses of $0.75 per package. Each package sells for $1.50. The number of packages Ten Toes needed to sell to earn a $29,000 operating income was 138,667 packages (rounded). If Ten Toes can decrease its variable costs to $0.55 per package by increasing its fixed costs to $90,000, how many packages will it have to sell to generate $29,000 of operating income? Is this more or...
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