Homework Answers
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1. Option B Contribution margin ratio = Contribution margin/Sales revenue |
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2. Option A Fixed cost as the name suggests remain fixed even when the output changes within relevant range |
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unsure with these two. thank you!
Contribution margin ratio is computed by O A. dividing sales...
Contribution margin ratio is computed by O A. dividing sales revenue by contribution margin. OB. dividing...
Contribution margin ratio is computed by O A. dividing sales revenue by contribution margin. OB. dividing contribution margin by sales revenue. O c. dividing contribution margin by operating income. OD. dividing operating income by contribution margin.
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,...
Pluto Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $318,500...
Pluto Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $318,500 Variable Costs 111,475 Contribution Margin 207,025 Fixed Costs 170,000 Operating Income $37,025 For its top managers, Pluto Travel formats its income statement as follows: Pluto's relevant range is between sales of $256,000 and $362,000. 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $256,000 sales level and one at the $362,000 sales level. (Hint: The proportion of...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point? Problem: Oslo Company prepared...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point? Problem: Oslo Company prepared...
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...
CountrywideCountrywide Travel uses the contribution margin income statement internally. Countrywide'sCountrywide's first quarter results are as follows:...
CountrywideCountrywide Travel uses the contribution margin income statement internally. Countrywide'sCountrywide's first quarter results are as follows: LOADING... (Click the icon to view the income statement.) Countrywide'sCountrywide's relevant range is sales of between $ 140 comma 000$140,000 and $ 640 comma 000$640,000. Read the requirements LOADING... . Requirement 1. Prepare contribution margin income statements at sales levels of $ 210 comma 000$210,000 and $ 390 comma 000$390,000. (Hint: Use the contribution margin ratio.)Begin by preparing the contribution margin income statement at...
Name Principles of Managerial Accounting Quiz 5-Chapter 6 1) Variable cos ts are described by which...
Name Principles of Managerial Accounting Quiz 5-Chapter 6 1) Variable cos ts are described by which of the following statements? A) They are fixed in total. B) They vary per unit of output. C) Th D) They decrease per unit as production volume increases ey are fixed per unit and vary in total. total fixed costs, which of the following statements is true? 2) With respect to A) They will decrease as production decreases within the relevant range. B) They...
49. The contribution margin per unit and the contribution margin ratio will remain constant as long...
49. The contribution margin per unit and the contribution margin ratio will remain constant as long as: a. the selling cost remains the same. b. the cost of production and selling price changes. c. the sales revenue varies in direct proportion to volume. d. the volume of sales decreases. 50. The difference between sales and cost of goods sold equals ________. a. net profit b. profit after tax c. gross profit d. ...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Contribution margin ratio is computed by O A. dividing sales revenue by contribution margin. OB. dividing contribution margin by sales revenue. O c. dividing contribution margin by operating income. OD. dividing operating income by contribution margin.
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,...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point? Problem: Oslo Company prepared...
Questions: 1. What is the meaning of contribution margin ration? How is this ratio useful in planning business operations? 2. In all respects, Company A and Company B are identical except that Company A's costs are mostly variable whereas Company B's costs are mostly fixed. When sales increase, which company will tend to realize the greatest increase in profits? Explain. 3. What is the meaning of operating leverage? 4. What is the meaning of break-even point? Problem: Oslo Company prepared...
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...
Name Principles of Managerial Accounting Quiz 5-Chapter 6 1) Variable cos ts are described by which of the following statements? A) They are fixed in total. B) They vary per unit of output. C) Th D) They decrease per unit as production volume increases ey are fixed per unit and vary in total. total fixed costs, which of the following statements is true? 2) With respect to A) They will decrease as production decreases within the relevant range. B) They...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
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