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Homework Answers
Contribution margin=Sales-Variable cost
=(288,000-213120)=$74880
Contribution margin ratio=Contribution margin/Sales
=74880/288,000
=26%
Change in net operating income=Increase in net operating income
=Increase in sales*Contribution margin ratio
=(1900*26%)=$494
NOTE:Total fixed costs and variable cost per unit do not change with change in units
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Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total $310,000 217,000 Per Unit $ 20 14 Sales Variable expenses $ 6 Contribution margin Fixed expenses 93,000 72,000 $ 21,000 Net operating income Required: 1. What is the monthly break-even point in unit...
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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Amount $ 149,000 59,600 Percent of Sales 100% 40% 60% Contribution margin Fixed expenses 89,400 18,000 Net operating income $ 71,400 Required: 1. Compute the company's degree of...
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Whirly Corporation's most recent income statement is shown below. Sales (8,800 units) Variable expenses Total $ 272,800 167,200 Per Unit $31.00 19.00 $12.00 Contribution margin Fixed expenses 105,600 55,900 Net operating income $ 49,700 Required: Prepare a new contribution format income statement under each of the following conditions (consider...
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[The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Percent Per Unit of Sales $ 105 Selling price Variable expenses 100% 63 60% $ 42 Contribution margin 40% Fixed expenses are $81,000 per month and the company is selling 3,800 units per...
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Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price Variable expenses Fixed expenses Unit sales $29 per unit $17 per unit $10,200 per month 1,000 units per month Required: 1. Compute the company's margin of...
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Please help! And please explain how to get answers so I can
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Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $94 per unit, and...
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Please help! And please explain how to get answers so I can
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Osborn Manufacturing uses a predetermined overhead rate of $20.20 per direct labor-hour. This as based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 14,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $279,000 and 13,500 total direct...
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Please help! And please explain how to get answers so I can
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The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 654,000 $ 84,000 $ 136,000 $ 107,000 $ 49,000...
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses were $216,750, and fixed expenses were $38,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.) 1. Contribution margin ratio Estimated change in net operating income
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total $310,000 217,000 Per Unit $ 20 14 Sales Variable expenses $ 6 Contribution margin Fixed expenses 93,000 72,000 $ 21,000 Net operating income Required: 1. What is the monthly break-even point in unit...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Amount $ 149,000 59,600 Percent of Sales 100% 40% 60% Contribution margin Fixed expenses 89,400 18,000 Net operating income $ 71,400 Required: 1. Compute the company's degree of...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Whirly Corporation's most recent income statement is shown below. Sales (8,800 units) Variable expenses Total $ 272,800 167,200 Per Unit $31.00 19.00 $12.00 Contribution margin Fixed expenses 105,600 55,900 Net operating income $ 49,700 Required: Prepare a new contribution format income statement under each of the following conditions (consider...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
[The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Percent Per Unit of Sales $ 105 Selling price Variable expenses 100% 63 60% $ 42 Contribution margin 40% Fixed expenses are $81,000 per month and the company is selling 3,800 units per...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price Variable expenses Fixed expenses Unit sales $29 per unit $17 per unit $10,200 per month 1,000 units per month Required: 1. Compute the company's margin of...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $94 per unit, and...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Osborn Manufacturing uses a predetermined overhead rate of $20.20 per direct labor-hour. This as based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 14,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $279,000 and 13,500 total direct...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 654,000 $ 84,000 $ 136,000 $ 107,000 $ 49,000...
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses were $216,750, and fixed expenses were $38,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.) 1. Contribution margin ratio Estimated change in net operating income
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