Homework Answers
Problem A (20 points): Solution: Please place your answer and supporting calculations in the space below...
Problem A (20 points): Solution: Please place your answer and supporting calculations in the space below and either highlight your final answer or surround it with a border so that it can be easily identified by the grader. Loco Farms Company sold 36,000 units of its only product and incurred a $18,672 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2020's activities, the productions manager notes that variable costs will increase 1%....
21 Milano Co. manufactures and sells three products: I, product 2. and product 3. Their unit...
21 Milano Co. manufactures and sells three products: I, product 2. and product 3. Their unit selling prices are product 1, $40: product 2. S30, and product 3, S20. The per unit variable costs to manufacture and sell these products are product 1 S30; product 2, S15; and product 3.SS Their sales mix is reflected in a ratio of 6:4:2 Annual fixed costs shared by all three products are $270.000. One type of raw material has been used to manufacture...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio (LO5-1, LO5-3, LO5-5, LO5-6,...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio (LO5-1, LO5-3, LO5-5, LO5-6, LO5-7) + Menlo Company distributes a single product. The company's sales and expenses for last month follow: ints Sales Variable expenses Total $ 636,000 445,200 Per Unit $ 40 28 Skipped $ 12 Contribution margin Fixed expenses 190, 800 145,200 Net operating income $ 45, 600 eBook Ask Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Print...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio [LO5-1, LO5-3, LO5-5, LO5-6,...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio [LO5-1, LO5-3, LO5-5, LO5-6, LO5-7] Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total $ 302,000 211,400 Per Unit $ 20 Sales Variable expenses Contribution margin Fixed expenses 90,600 75,000 Net operating income $ 15,600 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,300 units at $175 each) Variable costs (11,300 units at $140 each) Contribution margin Fixed costs Pretax income .. $1,977,500 1,582,000 395,500 315,000 $ 80,500 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. units Break-even point...
Required information The following information applies to the questions displayed below.) Hudson Co. reports the contribution...
Required information The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2017 HUDSON Co. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,100 units at $300 each) Variable costs (10,100 units at $240 each) Contribution margin Fixed costa Pretax income $3,030,000 2,424,000 $ 606,000 468,000 $ 138,000 1. Compute Hudson Co.'s break-even point in units and 2. Compute Hudson Co.'s break-even point in sales dollars. 1. Break-even point...
Problem 4-25 Sales Mix; Multi-Product Break-Even Analysis; Target Profit; Margin of Safety (LO6, LOT, L09) Warm...
Problem 4-25 Sales Mix; Multi-Product Break-Even Analysis; Target Profit; Margin of Safety (LO6, LOT, L09) Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: points Skipped Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $9.00 $ 2.25 " 600 units C ozy $13.50 $ 6.75 200 units...
[The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
3-b. Verify your answer by preparing a contribution format income statement at the target sales level....
3-b. Verify your answer by preparing a contribution format income statement at the target sales level. Menlo Company Contribution Income Statement Total Per unit 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34). Dollars Percentage Margin of safety 5. What is the company's CM ratio? If monthly sales increase by $98,000 and there is no change in...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contributon...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contributon margin income statement for 2019, HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,5ee units at $225 each) Variable costs (11,5ee units at $180 each) Contribution margin Fixed costs Pretax income $2,587,500 2,878,888 517, see 157.5ee 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. 1. units Break-even point Break-even...
Problem A (20 points): Solution: Please place your answer and supporting calculations in the space below and either highlight your final answer or surround it with a border so that it can be easily identified by the grader. Loco Farms Company sold 36,000 units of its only product and incurred a $18,672 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2020's activities, the productions manager notes that variable costs will increase 1%....
21 Milano Co. manufactures and sells three products: I, product 2. and product 3. Their unit selling prices are product 1, $40: product 2. S30, and product 3, S20. The per unit variable costs to manufacture and sell these products are product 1 S30; product 2, S15; and product 3.SS Their sales mix is reflected in a ratio of 6:4:2 Annual fixed costs shared by all three products are $270.000. One type of raw material has been used to manufacture...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio (LO5-1, LO5-3, LO5-5, LO5-6, LO5-7) + Menlo Company distributes a single product. The company's sales and expenses for last month follow: ints Sales Variable expenses Total $ 636,000 445,200 Per Unit $ 40 28 Skipped $ 12 Contribution margin Fixed expenses 190, 800 145,200 Net operating income $ 45, 600 eBook Ask Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Print...
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio [LO5-1, LO5-3, LO5-5, LO5-6, LO5-7] Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total $ 302,000 211,400 Per Unit $ 20 Sales Variable expenses Contribution margin Fixed expenses 90,600 75,000 Net operating income $ 15,600 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,300 units at $175 each) Variable costs (11,300 units at $140 each) Contribution margin Fixed costs Pretax income .. $1,977,500 1,582,000 395,500 315,000 $ 80,500 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. units Break-even point...
Required information The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2017 HUDSON Co. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (10,100 units at $300 each) Variable costs (10,100 units at $240 each) Contribution margin Fixed costa Pretax income $3,030,000 2,424,000 $ 606,000 468,000 $ 138,000 1. Compute Hudson Co.'s break-even point in units and 2. Compute Hudson Co.'s break-even point in sales dollars. 1. Break-even point...
Problem 4-25 Sales Mix; Multi-Product Break-Even Analysis; Target Profit; Margin of Safety (LO6, LOT, L09) Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: points Skipped Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $9.00 $ 2.25 " 600 units C ozy $13.50 $ 6.75 200 units...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
3-b. Verify your answer by preparing a contribution format income statement at the target sales level. Menlo Company Contribution Income Statement Total Per unit 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34). Dollars Percentage Margin of safety 5. What is the company's CM ratio? If monthly sales increase by $98,000 and there is no change in...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contributon margin income statement for 2019, HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,5ee units at $225 each) Variable costs (11,5ee units at $180 each) Contribution margin Fixed costs Pretax income $2,587,500 2,878,888 517, see 157.5ee 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. 1. units Break-even point Break-even...
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