If variable cost of goods sold totaled $65,244 for the year (16,311 units at $4 each)...
If variable cost of goods sold totaled $65,244 for the year (16,311 units at $4 each) and the planned variable cost of goods sold totaled $92,764 (13,252 units at $7 each), the effect of the quantity factor on the change in contribution margin is:
a.$12,236 increase
b.$21,413 decrease
c.$12,236 decrease
d.$21,413 increase
Homework Answers
Add Answer to:
If variable cost of goods sold totaled $65,244 for the year
(16,311 units at $4 each)...
If variable cost of goods sold totaled $84,800 for the year (16,960 units at $5 each)...
If variable cost of goods sold totaled $84,800 for the year (16,960 units at $5 each) and the planned variable cost of goods sold totaled $115,520 (14,440 units at $8 each), the effect of the unit cost factor on the change in contribution margin is: a. $12,600 decrease b. $50,880 decrease c. $12,600 increase d. $50,880 increase
EE 5-6 0.190 PE 5-6B Contribution margin analysis OSS The actual variable cost of goods sold...
EE 5-6 0.190 PE 5-6B Contribution margin analysis OSS The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2.400 units to 14,000 actual total units. Determine (a) the variable cost quantity factor and (b) the unit cost factor for variable cost of goods sold.
Select Audio Inc. Contribution Margin Analysis Sales For the Year Ended December 31 Effect of change...
Select Audio Inc. Contribution Margin Analysis Sales For the Year Ended December 31 Effect of change in sales: Sales quantity factor Unit price factor Total effect of change in sales Difference in sales quantity x Planned sales price Sales quantity factor Difference in sales price x Actual units sold Sales quantity factor ♡ EX 20-17 Contribution margin analysis-sales Prinz A A EXCEL TEMPLATE Obj. 5 Select Audio Inc. sells electronic equipment. Management decided early in the year to reduce the...
Contribution Margin Analysis—Sales The following data for Romero Products Inc. are available: For the Year Ended...
Contribution Margin Analysis—Sales The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned Difference—Increase or (Decrease) Sales $2,294,000 $2,102,400 $191,600 Variable costs: Variable cost of goods sold $1,213,600 $1,108,800 $104,800 Variable selling and administrative expenses 236,800 230,400 6,400 Total variable costs $1,450,400 $1,339,200 $111,200 Contribution margin $843,600 $763,200 $80,400 Number of units sold 14,800 14,400 Per unit: Sales price $155 $146 Variable cost of goods sold 82 77 Variable selling and administrative expenses...
The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual...
The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned Difference—Increase or (Decrease) Sales $1,627,400 $1,468,800 $158,600 Variable costs: Variable cost of goods sold $869,000 $780,300 $88,700 Variable selling and administrative expenses 173,800 168,300 5,500 Total variable costs $1,042,800 $948,600 $94,200 Contribution margin $584,600 $520,200 $64,400 Number of units sold 15,800 15,300 Per unit: Sales price $103 $96 Variable cost of goods sold 55 51 Variable selling and administrative expenses 11 11 Prepare...
The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual...
The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned Difference—Increase or (Decrease) Sales $1,627,400 $1,468,800 $158,600 Variable costs: Variable cost of goods sold $869,000 $780,300 $88,700 Variable selling and administrative expenses 173,800 168,300 5,500 Total variable costs $1,042,800 $948,600 $94,200 Contribution margin $584,600 $520,200 $64,400 Number of units sold 15,800 15,300 Per unit: Sales price $103 $96 Variable cost of goods sold 55 51 Variable selling and administrative expenses 11 11 Prepare...
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating...
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating Leverage = Contribution Margin / Net Income Complete the below table: Sales Variable Cost Total Contribution Margin Fixed Costs Operating Income Break-even Sales Revenue 150,000 125,000 50,000 B 85,000 35,000 15,000 75,000 65,000 113,750 D 180,000 50,000 144,000 Remember: 1) Variable costs rise and fall with an increase or decrease in revenue 2) Fixed costs do not rise and fall with an increase or...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
Question 4 Waterway Company had sales in 2019 of $1,806,000 on 64,500 units. Variable costs totaled...
Question 4 Waterway Company had sales in 2019 of $1,806,000 on 64,500 units. Variable costs totaled $1,032,000, and fixed costs totaled $508,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.20). However, to process the new raw material, fixed operating costs will increase by $107,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price...
EE 5-6 0.190 PE 5-6B Contribution margin analysis OSS The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2.400 units to 14,000 actual total units. Determine (a) the variable cost quantity factor and (b) the unit cost factor for variable cost of goods sold.
Select Audio Inc. Contribution Margin Analysis Sales For the Year Ended December 31 Effect of change in sales: Sales quantity factor Unit price factor Total effect of change in sales Difference in sales quantity x Planned sales price Sales quantity factor Difference in sales price x Actual units sold Sales quantity factor ♡ EX 20-17 Contribution margin analysis-sales Prinz A A EXCEL TEMPLATE Obj. 5 Select Audio Inc. sells electronic equipment. Management decided early in the year to reduce the...
7) Total Variable cost = Number of units sold x variable cost per unit 8) Operating Leverage = Contribution Margin / Net Income Complete the below table: Sales Variable Cost Total Contribution Margin Fixed Costs Operating Income Break-even Sales Revenue 150,000 125,000 50,000 B 85,000 35,000 15,000 75,000 65,000 113,750 D 180,000 50,000 144,000 Remember: 1) Variable costs rise and fall with an increase or decrease in revenue 2) Fixed costs do not rise and fall with an increase or...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
Question 4 Waterway Company had sales in 2019 of $1,806,000 on 64,500 units. Variable costs totaled $1,032,000, and fixed costs totaled $508,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3.20). However, to process the new raw material, fixed operating costs will increase by $107,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price...
Most questions answered within 3 hours.
-
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 43 minutes ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 41 minutes ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 1 hour ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 2 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 3 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 4 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 5 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 5 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 6 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 6 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 7 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 8 hours ago