Homework Answers
Part f )
Selling price = $60 per unit
Variable cost per price ($42 per unit + $5 per unit) = 47 per unit
Unit contribution margin (a) = $13 per unit
Unit sales (8,000 units + 3,400 units) (b) = 11,400 units
Contribution margin (a) × (b) = $148,200
Fixed expenses ($142,200 + $2,000) = 144,200
Net operating income = $4,000
Add Answer to:
Sattler Corporation has provided the following contribution format income statement All questions concern situations that are...
Cullen Corporation has provided the following contribution format income statement. All questions concern situations that are...
Cullen Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range. $270,000 Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 189.000 81,000 77.400 $3,600 Required: a. Estimate how many units must be sold to achieve a target profit of $52,200. b. If sales increase to 9,500 units, what would be the estimated increase in net operating income? c. If the variable cost per unit increases by $7,...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that are within the relevant range. Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $300,000 240,000 60,000 58,800 $1,200 Required: What is the contribution margin ratio? (Show your computations). What is the break-even point in unit of sales? (Show your computations). What is the margin of safety in dollars? (Show your computations). What is the degree of operating leverage? (Show your computations).
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that...
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range (14 pts). Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating Income/Loss $150,000 90,000 60,000 80,000 -$20,000 Required: a. What is the break-even point in unit sales? b. What is the break even $ Sales? c. Estimate how many units must be sold to achieve a target profit of $30,000? d. What is the Fixed Expense ratio...
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is...
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) $40,000 Variable expenses 30,000 Contribution margin 10,000 Fixed expenses 7,000 3,000 Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information...
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 210,000 136,500 73,500 67,200 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to 3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ Sales (1,000...
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information...
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 40,000 30,000 10,000 7,000 3,000 If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales............
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales......... ...$3,000,000 Variable expenses. .1,800,000 Contribution margin... ..1,200,000 Fixed expenses.... ...900,000 Net operating income... 300,000 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the variable expense ratio? 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $280,000 182,000 98,000 84,000 $ 14,000 points If the variable cost per unit increases by $10, spending on advertising increases by $1,500, and unit sales increase by 15,800 un closest to: Choice O $5,700 $91,200 $114,100 ) $12,500
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (36,000 units) $ 252,000 $ 7.00 Variable expenses 144,000 4.00 Contribution margin 108,000 $ 3.00 Fixed expenses 44,000 Net operating income $ 64,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 11%? 2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per...
Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (36,000 units) $ 252,000 $ 7.00 Variable expenses 144,000 4.00 Contribution margin 108,000 $ 3.00 Fixed expenses 44,000 Net operating income $ 64,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 11%? 2. What is the revised net operating income if the selling price decreases by $1.20 per unit and the number...
Cullen Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range. $270,000 Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 189.000 81,000 77.400 $3,600 Required: a. Estimate how many units must be sold to achieve a target profit of $52,200. b. If sales increase to 9,500 units, what would be the estimated increase in net operating income? c. If the variable cost per unit increases by $7,...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that are within the relevant range. Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $300,000 240,000 60,000 58,800 $1,200 Required: What is the contribution margin ratio? (Show your computations). What is the break-even point in unit of sales? (Show your computations). What is the margin of safety in dollars? (Show your computations). What is the degree of operating leverage? (Show your computations).
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range (14 pts). Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating Income/Loss $150,000 90,000 60,000 80,000 -$20,000 Required: a. What is the break-even point in unit sales? b. What is the break even $ Sales? c. Estimate how many units must be sold to achieve a target profit of $30,000? d. What is the Fixed Expense ratio...
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) $40,000 Variable expenses 30,000 Contribution margin 10,000 Fixed expenses 7,000 3,000 Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 210,000 136,500 73,500 67,200 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to 3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ Sales (1,000...
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 40,000 30,000 10,000 7,000 3,000 If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales......... ...$3,000,000 Variable expenses. .1,800,000 Contribution margin... ..1,200,000 Fixed expenses.... ...900,000 Net operating income... 300,000 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the variable expense ratio? 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $280,000 182,000 98,000 84,000 $ 14,000 points If the variable cost per unit increases by $10, spending on advertising increases by $1,500, and unit sales increase by 15,800 un closest to: Choice O $5,700 $91,200 $114,100 ) $12,500
Most questions answered within 3 hours.
-
A hot-air balloon is descending with a velocity of (−2.00m/s)y^.
A champagne bottle is opened to...
asked 1 minute ago -
1. When a nearsighted person looks at an object that is in the
distance with their...
asked 1 hour ago -
QUESTION 8
Both of these statements will store the same value in the
variable $number
$number...
asked 1 hour ago -
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 2 hours ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 2 hours ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 3 hours ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 4 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 5 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 6 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 7 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 7 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 8 hours ago