Homework Answers
We will use the Contribution margin ratio formula as (Sales- Variable cost)/ Sales
1. Bramble Company
Sales= 490000
Variable Cost= 294000
Contribution Margin Ratio= (490000-294000)/490000 = 0.40
2. Vaughn Company
Sales= 490000
Variable Cost= 245000
Contribution Margin Ratio= (490000-245000)/490000= 0.50
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The following CVP income statements are available for Bramble Company and Vaughn Company. Bramble Company Vaughn...
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs...
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn...
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $490,000 294,000 196,000 176,400 $19,600 Noir Company $490,000 245,000 245,000 225,400 $19,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company eTextbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $515,000 $515,000 309,000 257,500 206,000 257,500 185,400 236,900 $20,600 $20,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir...
The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $485,000 $485,000 Variable costs 291,000 242,500 Contribution margin 194,000 242,500 Fixed costs 186,240 234,740 Net income $7,760 $7,760 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company eTextbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $560,000 336,000 224,000 196,000 $28,000 Noir Company $560,000 280,000 280,000 252,000 $28,000 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $ $ Noir Company...
The following CVP income statements are available for Blanc Company and Noir Company Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465,000 5465,000 279.000 232.500 186,000 232.500 178,560 225.060 57,440 $7,440 ✓ Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Blanc Company Noir Company 50 e Textbook and Media Your answer is correct. Compute the break-even point in dollars for each company. (Round answers...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465.000 $465.000 279,000 232,500 186,000 232,500 178,560 225,060 $7,440 $7,440 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir...
The following CVP income statements are available for Blanc
Company and Noir Company.
Blanc Company
Noir Company
Sales
$470,000
$470,000
Variable costs
282,000
235,000
Contribution margin
188,000
235,000
Fixed costs
169,200
216,200
Net income
$18,800
$18,800
Calculate Contribution margin ratio. (Round answers to
2 decimal places, e.g. 0.32.)
Contribution Margin Ratio
Blanc Company
Noir Company
Compute the break-even point in dollars for each company.
(Round answers to 0 decimal places, e.g.
5,125.)
Break-even Point
Blanc Company
$
Noir Company
$...
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $490,000 294,000 196,000 176,400 $19,600 Noir Company $490,000 245,000 245,000 225,400 $19,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company eTextbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $515,000 $515,000 309,000 257,500 206,000 257,500 185,400 236,900 $20,600 $20,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $560,000 336,000 224,000 196,000 $28,000 Noir Company $560,000 280,000 280,000 252,000 $28,000 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $ $ Noir Company...
The following CVP income statements are available for Blanc Company and Noir Company Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465,000 5465,000 279.000 232.500 186,000 232.500 178,560 225.060 57,440 $7,440 ✓ Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Blanc Company Noir Company 50 e Textbook and Media Your answer is correct. Compute the break-even point in dollars for each company. (Round answers...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465.000 $465.000 279,000 232,500 186,000 232,500 178,560 225,060 $7,440 $7,440 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc
Company and Noir Company.
Blanc Company
Noir Company
Sales
$470,000
$470,000
Variable costs
282,000
235,000
Contribution margin
188,000
235,000
Fixed costs
169,200
216,200
Net income
$18,800
$18,800
Calculate Contribution margin ratio. (Round answers to
2 decimal places, e.g. 0.32.)
Contribution Margin Ratio
Blanc Company
Noir Company
Compute the break-even point in dollars for each company.
(Round answers to 0 decimal places, e.g.
5,125.)
Break-even Point
Blanc Company
$
Noir Company
$...
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