![Your answer is correct. What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 12.25.) Contribution margin 0.62] per cookie LINK TO TEXT Attempts: 3 of 15 used ▼ (d) what is Marys contribution margin ratio? (Round contribution margin ratio to 2 decimal places, eg. 30.25%.) Contribution margin ratio](http://img.homeworklib.com/questions/05af55a0-6e66-11ea-bfa4-2537eaac2ae3.png?x-oss-process=image/resize,w_560)
Homework Answers
Contribution margin ratio
Answer-32.14%
|
Sales revenue |
$ 56,632.00 |
|
|
Less: Variable costs |
||
|
Variable Cost of goods sold |
$ 28,967.00 |
|
|
Variable selling expense |
$ 1,781.00 |
|
|
Variable administrative expense |
$ 7,680.00 |
|
|
Total Variable cost |
$ 38,428.00 |
|
|
Contribution margin |
$ 18,204.00 |
|
|
contribution margin ratio (18204/56632) |
32.14% |
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Your answer is correct. What is the contribution margin per cookie? (Round unit costs to 2...
Exercise 2-17 (Part Level Submission) Mary Smith sells gourmet chocolate chip cookies. The results of her...
Exercise 2-17 (Part Level Submission) Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating income $ 56,632 28,967 27,665 8,905 12,800 $5,960 Expand question part Y (c) Your answer is incorrect. Try again. What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 12.25) Contribution margin per...
Sales revenue Cost of goods sold (all variable) Gross margin Selling expenses (20% variable) Administrative expenses...
Sales revenue Cost of goods sold (all variable) Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating income $ 56,632 28,967 27,665 8,905 12,800 $ 5,960 v (a Prepare a contribution format income statement for Mary, (Round answers to o decimal places, e.g. 5,250.)
Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are...
Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable) Gross margin selling expenses (20% variable) Administrative expenses (60% variable) 12,800 Operating income s 56,632 28,967 27,665 8,905 $5,960 If Mary sells her cookies for $1.92 each, how many cookies did she sell during the month? (Round answer to the nearest whole number, e.g. 5,275.) Cookies sold in the month
Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 10,000 T-shirts at $18...
Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 10,000 T-shirts at $18 each in the coming year. Product costs include: Direct materials per T-shirt $6.30 Direct labor per T-shirt $1.26 Variable overhead per T-shirt $0.54 Total fixed factory overhead $38,000 Variable selling expense is the redemption of a coupon, which averages $0.90 per T-shirt; fixed selling and administrative expenses total $11,000. Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round...
a. What is McDonald’s contribution margin? Round to the nearest million. b. What is McDonald’s contribution...
a. What is McDonald’s contribution margin? Round to the nearest
million.
b. What is McDonald’s contribution margin ratio? Round to one
decimal place.
c. How much would operating income increase if same-store sales
increased by $500 million for the coming year, with no change in
the contribution margin ratio or fixed costs?
d. What would have been the operating income or loss for the recent
year if sales had been $500 million more?
e. To achieve break even for the...
Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 14,000 T-shirts at $18...
Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 14,000 T-shirts at $18 each in the coming year. Product costs include: $6.30 $1.26 Direct materials per T-shirt Direct labor per T-shirt Variable overhead per T-shirt Total fixed factory overhead $0.54 $43,000 Variable selling expense is the redemption of a coupon, which averages $0.90 per T-shirt; fixed selling and administrative expenses total $18,000. Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round...
Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0...
Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin 29890 Contribution margin per unit 49 Contribution margin ratio 35% SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS XYour answer is incorrect. Try again. Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places 1,225.) Break-even sales units Break-even sales In the month of March, Style...
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin?...
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What would the company's monthly operating income be if the company sold 150,000 units? 3. What would the company's monthly operating income be if the company had sales of $4,500,000? 4. What is the breakeven point in units? In sales dollars? 5. How many units would the company have to sell to earn a target monthly profit of $260,400? 6. Management is currently...
1.What is the contribution margin per unit? 2.What is the contribution margin ratio? 3.What is the...
1.What is the contribution margin per unit?
2.What is the contribution margin ratio?
3.What is the variable expense ratio?
4.If sales increase to 1,001 units, what would be the increase
in net operating income?
5.If sales decline to 900 units, what would be the net
operating income?
6.If the selling price increases by $2.50 per unit and the
sales volume decreases by 100 units, what would be the net
operating income?
7.If the variable cost per unit increases by $1.50,...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo Manufacturing manufactures 256GB SD cards (memory cards for mobile phones, digital cameras, and other devices). Price and cost data for a relevant range extending to 200,000 units per month are as follows: A Data Table 20.00 7.40 5.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials .................................... $ Direct labor Variable manufacturing overhead...
Exercise 2-17 (Part Level Submission) Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating income $ 56,632 28,967 27,665 8,905 12,800 $5,960 Expand question part Y (c) Your answer is incorrect. Try again. What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 12.25) Contribution margin per...
Sales revenue Cost of goods sold (all variable) Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating income $ 56,632 28,967 27,665 8,905 12,800 $ 5,960 v (a Prepare a contribution format income statement for Mary, (Round answers to o decimal places, e.g. 5,250.)
Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable) Gross margin selling expenses (20% variable) Administrative expenses (60% variable) 12,800 Operating income s 56,632 28,967 27,665 8,905 $5,960 If Mary sells her cookies for $1.92 each, how many cookies did she sell during the month? (Round answer to the nearest whole number, e.g. 5,275.) Cookies sold in the month
a. What is McDonald’s contribution margin? Round to the nearest
million.
b. What is McDonald’s contribution margin ratio? Round to one
decimal place.
c. How much would operating income increase if same-store sales
increased by $500 million for the coming year, with no change in
the contribution margin ratio or fixed costs?
d. What would have been the operating income or loss for the recent
year if sales had been $500 million more?
e. To achieve break even for the...
Variable Costs, Contribution Margin, Contribution Margin Ratio Super-Tees Company plans to sell 14,000 T-shirts at $18 each in the coming year. Product costs include: $6.30 $1.26 Direct materials per T-shirt Direct labor per T-shirt Variable overhead per T-shirt Total fixed factory overhead $0.54 $43,000 Variable selling expense is the redemption of a coupon, which averages $0.90 per T-shirt; fixed selling and administrative expenses total $18,000. Required: 1. Calculate the following values: Round dollar amounts to the nearest cent and round...
Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin 29890 Contribution margin per unit 49 Contribution margin ratio 35% SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS XYour answer is incorrect. Try again. Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places 1,225.) Break-even sales units Break-even sales In the month of March, Style...
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What would the company's monthly operating income be if the company sold 150,000 units? 3. What would the company's monthly operating income be if the company had sales of $4,500,000? 4. What is the breakeven point in units? In sales dollars? 5. How many units would the company have to sell to earn a target monthly profit of $260,400? 6. Management is currently...
1.What is the contribution margin per unit?
2.What is the contribution margin ratio?
3.What is the variable expense ratio?
4.If sales increase to 1,001 units, what would be the increase
in net operating income?
5.If sales decline to 900 units, what would be the net
operating income?
6.If the selling price increases by $2.50 per unit and the
sales volume decreases by 100 units, what would be the net
operating income?
7.If the variable cost per unit increases by $1.50,...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo Manufacturing manufactures 256GB SD cards (memory cards for mobile phones, digital cameras, and other devices). Price and cost data for a relevant range extending to 200,000 units per month are as follows: A Data Table 20.00 7.40 5.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials .................................... $ Direct labor Variable manufacturing overhead...
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