Homework Answers
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11. Contribution margin = Sales - Variable costs = 160,000-95,000 = 65,000 Option A |
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10. Option E Margin of Safety = Sales - Breakeven sales |
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| 9. Option A | |
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8. Option E Property taxes |
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ve expected sales. O Expected sales over break-even sales Question 11 2.5 pts During March, a...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is $10 per unit, what is their margin of safety in dollars? $50,000 $28,000 $22,000 $78,000 Question 16 1 pts Keaubie Company has the following: Total Sales: $500,000; Contribution Margin Ratio: 20%; Fixed Costs: $80,000; What is the amount of Keaubie Company's net income or net loss for the period? $100,000 net loss $100,000 net income $20,000 net loss $20,000...
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution...
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
Question 1 1 pts The range over which a company is expected to operate is called...
Question 1 1 pts The range over which a company is expected to operate is called the relevant range of the activity index. True False Question 2 1 pts A mixed cost contains both selling and administrative cost elements. True False Question 3 1 pts Variable costs are costs that remain the same per unit at every level of activity. True False Question 4 1 pts If a salesperson incurs $2,000 of expenses in servicing two customers and $4,000 of...
PLEASE ANSWER ALL PARTS OF THE QUESTION Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety,...
PLEASE ANSWER ALL PARTS OF THE QUESTION
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 2017 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during...
Question 15 2.5 pts A product sells for $200 per unit, and its variable costs per...
Question 15 2.5 pts A product sells for $200 per unit, and its variable costs per unit are $130. Totalfixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold? 6,500 6,000 O 500. 5,000 5,500 2.5 pts Question 16 MacBook Air $1,700,000 Question 14 2.5 pts Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the margin of safety...
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520....
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage...
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y3 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year....
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would...
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would be equal to total costs. O Both sales would be equal to total costs and contribution margin would be equal to total fixed costs are correct. Both sales we Contribution margin would be equal to total fixed costs.
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year,...
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,900,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct materials $0.012 Direct labor $0.004 Variable overhead $0.002 Total fixed overhead $119,920 There is no variable selling expense; fixed selling and administrative expenses total $45,000. Required: In your computations that involve the contribution margin ratio, do not round the ratio. 1. Calculate the...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is $10 per unit, what is their margin of safety in dollars? $50,000 $28,000 $22,000 $78,000 Question 16 1 pts Keaubie Company has the following: Total Sales: $500,000; Contribution Margin Ratio: 20%; Fixed Costs: $80,000; What is the amount of Keaubie Company's net income or net loss for the period? $100,000 net loss $100,000 net income $20,000 net loss $20,000...
The amount by which actual or expected sales exceeds break-even sales is referred to as contribution margin margin of safety unanticipated profit. target net income. Question 22 Cost structure cannot be significantly changed by companies generally has little impact on profitability. refers to the relative proportion of fixed versus variable costs that a company incurs. refers to the relative proportion of operating versus nonoperating costs that a company incurs Question 19 The break-even point is where total sales equal total...
Question 1 1 pts The range over which a company is expected to operate is called the relevant range of the activity index. True False Question 2 1 pts A mixed cost contains both selling and administrative cost elements. True False Question 3 1 pts Variable costs are costs that remain the same per unit at every level of activity. True False Question 4 1 pts If a salesperson incurs $2,000 of expenses in servicing two customers and $4,000 of...
PLEASE ANSWER ALL PARTS OF THE QUESTION
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 2017 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during...
Question 15 2.5 pts A product sells for $200 per unit, and its variable costs per unit are $130. Totalfixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold? 6,500 6,000 O 500. 5,000 5,500 2.5 pts Question 16 MacBook Air $1,700,000 Question 14 2.5 pts Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the margin of safety...
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
PR 20-6A Contribution margin, break-even sales, cost-volume-profit chart, Obj. 2,3,4,5 margin of safety, and operating leverage Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y3 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year....
At the break-even point: Multiple Choice O Sales would be equal to fixed costs. Sales would be equal to total costs. O Both sales would be equal to total costs and contribution margin would be equal to total fixed costs are correct. Both sales we Contribution margin would be equal to total fixed costs.
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