i am having trouble with these fill in the blanks
(A) | (B) | (C) | (D) | (E) | (F) | |
1) | Selling price per unit | Variable cost % | No. of units sold | Total Cont. Margin | Total Fixed Costs | Net Income/(Loss) |
$ 222.00 | 25% | 4200 | $ 699,300.00 | $ 550,000.00 | $ 149,300.00 | |
(E + F) | ||||||
Sales | (4200 x $ 222) | $ 932,400.00 | (i) | |||
Cont. Margin | $ 699,300.00 | (ii) | ||||
Variable Cost | $ 233,100.00 | (iii) | ||||
Variable Cost % | 25% | (iii / i) |
(A) | (B) | (C) | (D) | (E) | (F) | |
2) | No. of units sold | Total Variable Cost | Variable Cost % | Total Cont. Margin | Total Fixed Cost | Net Income/(Loss) |
12000 | $ 218,400.00 | 70% | $ 93,600.00 | $ 85,000.00 | $ 8,600.00 | |
(D - F) | ||||||
Sales | 100% | |||||
Variable Cost | 70% | |||||
Cont. Margin | 30% | |||||
Therefore, Variable Cost = | $ 93600 x 70% / 30% | |||||
= | $ 218,400.00 |
(A) | (B) | (C) | (D) | (E) | (F) | (G) | (H) | |
3) | Selling price per unit | Total Sales | No. of units sold | Variable Cost p.u | Cont. Margin % | Total Fixed Cost | Net Income/(Loss) | Retun on sales |
160 | $ 320,000.00 | 2000 | $ 64.00 | 60% | $ 166,400.00 | $ 25,600.00 | 8% | |
(B/A) | ||||||||
Sales | 100% | Fixed Cost = | Contribution Margin - Net Income | |||||
Variable Cost | 40% | = | ($ 320000 x 60%) - $ 25600 | |||||
Cont. Margin | 60% | = | $ 166,400.00 | |||||
Variable Cost = | 40% of $ 160 | |||||||
= | $ 64.00 | |||||||
Return on sales = | Net Income / Total Sales | |||||||
Total Sales = | $ 25600 / 8% | |||||||
= | $ 320,000.00 |
4) | Total Variable Cost | Selling price per unit | No. of units sold | Cont. Margin % | Total Fixed Cost | Net Income/(Loss) |
$ 514,140.00 | $ 6.60 | 82000 | 5% | $ 35,000.00 | $ (7,940.00) | |
Cont. Margin = | Total Fixed Cost + Net Income | |||||
= | $ 35000 + ($ 7940) | |||||
= | $ 27,060.00 | |||||
Total sales = | Cont. Margin + Total variable Cost | |||||
= | $ 27060 + $ 514140 | |||||
= | $ 541,200.00 | |||||
Cont. Margin % = | Cont Margin / Total Sales | |||||
= | $ 27060 / $ 541200 | |||||
= | 5% | |||||
Selling price p.u = | Total Sales / No of units sold | |||||
= | $ 541200 / 82000 | |||||
= | $ 6.60 |
is this correct?
i am having trouble with these fill in the blanks osts . indirect prin pena.rs Ex:...
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 3. Total Variable Cost Number of Units Sold Contribution Margin Percentage Contribution Margin per Unit Total Fixed Costs Selling Price per Unit Net Income/ (Loss) $247,500 $195.00 $1,050,000 ($172,500)
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 2. Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution Margin Net Income/ (Loss) 78,000 $62.00 $1,876,543 $1,266,857
Please show steps and include all work, thank you! Will give a
very good rating
Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Variable Cost Contribution Total Fixed Net Income/ Percentage Margin per Costs (Loss) Unit 20,000 $360,000 $9.90 $40,000 per Unit Work: Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution rgin...
Problem 1 – Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Percentage Variable Cost per Unit Contribution Margin per Unit Total Fixed Costs Net Income/ (Loss) 20,000 $360,000 $9.90 $40,000
fill in the blanks
Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete Presidio's cost data table....
APPLY THE CONCEPTS: Target income (number of units sold) Suppose a business has pricing and cost information as follows:: Price and Cost Information Amount Selling Price per Unit $10.00 Variable Cost per Unit $5.00 Total Fixed Cost $100 For the upcoming period, the company wishes to generate operating income of $400. Given the cost and pricing structure for the company’s product, how many units must the company sell to attain its target income? Remember that the basic equation for calculating...
SpeedCo. 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: LOADING...(Click the icon to view the data.) Read the requirementsLOADING.... Requirement 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? Begin by identifying the formula. Sales price per unit – Variable cost per unit = Contribution margin per unit The contribution...
Number 6 is what I am having trouble finding. All other numbers are
correct.
a. Prepare two contribution format income statements, one showing the results of last year's operations and one showing the results of operations if these changes are made. (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) Feather Friends, Inc., Contribution Income Statement Proposed 49,500 units Last Year 33,000 units Total Per Unit Total 2,640,000 $ 1,320,000 1,320,000 Per Unit Sales Variable...
Another useful method for figuring out the type of performance your company will need to reach a target income is by using sales revenue. Rather than using the number of units, this method uses total sales revenue. In companies for which the total set of goods produced and sold is more varied, this would be the preferred method, as opposed to a business in which only one product is sold. Assume a company has pricing and cost information as follows:...
Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $224,000 128,000 96,000 47,000 $ 49,000 Per Unit $7.00 4.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 12%. Per Unit Miller Company...