Homework Answers
| Original Volume | 465,000 |
| Add: Increase in Volume | 65,100 |
| New Volume | 530,100 |
| *Unit contribution margin | 15 |
| New Total contribution margin | 7,951,500 |
| Less: Fixed expenses | (1,125,000) |
| New Operating Income | 6,826,500 |
| vs. Operating income before change in volume | (5,850,000) |
| Increase in Operating Income | 976,500 |
| Percentage Change | 16.69% |
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Show All Your Works For Your Response: Calculate Increase in volume, New volume (cartons), New total...
Spint Calendars imprints calendars with college names. The company has fixed expenses of $1,096,000 each month...
Spint Calendars imprints calendars with college names. The company has fixed expenses of $1,096,000 each month plus variable expenses of $4.00 per carton of calendars, of goods sold, while the remaining 27% relates to variable operating expenses. The company sells each carton of Galendars for $12.00 variable expense, 73% is cost of Head the requirements Requirement 1. Compute the number of cartons of calendars that spre Calendars must sel each month to break even Begin by determining the basic income...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo 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: A Data Table 20.00 7.40 5.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials .................................... $ Direct labor Variable manufacturing overhead...
Show All Your Works How You Do It: Calculate the new breakeven point in Requirement GigaCo...
Show All Your Works How You Do It: Calculate the new breakeven point in Requirement GigaCo 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: Requirements -X Data Table 20.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials ...........$ 740 1. What is the company's contribution...
Show All Your Works For Your Response: Calculate Sales mix in units and Calculate Contribution margin...
Show All Your Works For Your Response: Calculate Sales mix in units and Calculate Contribution margin Peppy Quadcopters plans to sell a standard quadcopter (toy drone) for $70 and a deluxe quadcopter for $100. Peppy purchases the standard quadcopter for $50 and the deluxe quadcopter for $80. Management expects to sell two deluxe quadcopters for every three standard quadcopters. The company's monthly fixed expenses are $22,000. How many of each type of quadcopter must Peppy sell monthly to breakeven? To...
Show All Your Works How Do You Solve It: Calculate Sales mix and Contribution margin for...
Show All Your Works How Do You Solve It: Calculate Sales mix and Contribution margin for 256GB in Requirement 10 GigaCo 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: i Requirements - X Data Table - X 20.00 7.40 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What...
3. Construct a new contribution format income statement for the company assuming a 18% increase in...
3. Construct a new contribution format income statement for the
company assuming a 18% increase in sales.
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40% 60% Amount $ 132,000 52,800 79,200 20,000 $ 59,200 Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places.) Degree of operating leverage 2....
d. Refer to your answer to part a when total revenues were $108,000. Calculate the firm's...
d. Refer to your answer to part a when total revenues were
$108,000. Calculate the firm's operating income (or loss) if unit
selling price and variable expense per unit do not change and total
revenues:
1. Increase by $15,000
2. Decrease by $10,000
Prepare a contribution margin format income statement; answer what-if questions Shown here is an income statement in the traditional format for a firm with a sales volume of 18,000 units: $108,000 60,400 $ 47,600 Revenues... Cost of...
Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and...
Requirement 1. Determine the coffee shop's monthly breakeven
point in the numbers of small coffees and large coffees. Prove your
answer by preparing a summary contribution margin income statement
at the breakeven level of sales. Show only two categories of
expenses: variable and fixed. Begin by identifying the formula to
compute the total breakeven point in units. (Abbreviations used:
avg. = Average; CM = Contribution margin.) ( Fixed expenses +
Operating income ) / ▼ = Breakeven sales in units...
Show All Your Works For Your Response: Fill Out 3 White Blanks Below Yummy! is a...
Show All Your Works For Your Response: Fill Out 3 White Blanks Below Yummy! is a specialty popcorn store. It offers two varieties of popcorn: plain and flavored. The flavors range from Caramel Popcorn to Dark Chocolate Drizzled Popcorn to White Cheddar Popcorn. The plain popcorn sells for $3.10 per box and costs $0.40 per box to make. The flavored popcorn sells for $3.90 per box and costs $2.70 per box to make. Yummy! has fixed costs per month of...
Shown here is an income statement in the traditional format for a firm with a sales volume of 18,...
Shown here is an income statement in the traditional format for a firm with a sales volume of 18,000 units $234,000 63,700 $170,300 Revenues Cost of goods sold ($11,500+$2.90/unit) Gross profit Operating expenses 20,300 12,100 $137,900 Selling ($2,300+$1.00/unit) Administration ($4,900+ $0.40/unit) Operating income Required: a. Prepare an income statement in the contribution margin format Contribution Margin Income Statement Variable expenses Total variable expenses Fixed expenses Total fixed expenses b. Calculate the contribution margin per unit and the contribution margin ratio....
Spint Calendars imprints calendars with college names. The company has fixed expenses of $1,096,000 each month plus variable expenses of $4.00 per carton of calendars, of goods sold, while the remaining 27% relates to variable operating expenses. The company sells each carton of Galendars for $12.00 variable expense, 73% is cost of Head the requirements Requirement 1. Compute the number of cartons of calendars that spre Calendars must sel each month to break even Begin by determining the basic income...
Show All Your Works For Your Response: Calculate Contribution margin ratio, Contribution margin, Operating income GigaCo 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: A Data Table 20.00 7.40 5.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials .................................... $ Direct labor Variable manufacturing overhead...
Show All Your Works How You Do It: Calculate the new breakeven point in Requirement GigaCo 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: Requirements -X Data Table 20.00 Sales price per unit: (current monthly sales volume is 120,000 units) .... $ Variable costs per unit: Direct materials ...........$ 740 1. What is the company's contribution...
Show All Your Works For Your Response: Calculate Sales mix in units and Calculate Contribution margin Peppy Quadcopters plans to sell a standard quadcopter (toy drone) for $70 and a deluxe quadcopter for $100. Peppy purchases the standard quadcopter for $50 and the deluxe quadcopter for $80. Management expects to sell two deluxe quadcopters for every three standard quadcopters. The company's monthly fixed expenses are $22,000. How many of each type of quadcopter must Peppy sell monthly to breakeven? To...
Show All Your Works How Do You Solve It: Calculate Sales mix and Contribution margin for 256GB in Requirement 10 GigaCo 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: i Requirements - X Data Table - X 20.00 7.40 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What...
3. Construct a new contribution format income statement for the
company assuming a 18% increase in sales.
Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40% 60% Amount $ 132,000 52,800 79,200 20,000 $ 59,200 Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places.) Degree of operating leverage 2....
d. Refer to your answer to part a when total revenues were
$108,000. Calculate the firm's operating income (or loss) if unit
selling price and variable expense per unit do not change and total
revenues:
1. Increase by $15,000
2. Decrease by $10,000
Prepare a contribution margin format income statement; answer what-if questions Shown here is an income statement in the traditional format for a firm with a sales volume of 18,000 units: $108,000 60,400 $ 47,600 Revenues... Cost of...
Requirement 1. Determine the coffee shop's monthly breakeven
point in the numbers of small coffees and large coffees. Prove your
answer by preparing a summary contribution margin income statement
at the breakeven level of sales. Show only two categories of
expenses: variable and fixed. Begin by identifying the formula to
compute the total breakeven point in units. (Abbreviations used:
avg. = Average; CM = Contribution margin.) ( Fixed expenses +
Operating income ) / ▼ = Breakeven sales in units...
Show All Your Works For Your Response: Fill Out 3 White Blanks Below Yummy! is a specialty popcorn store. It offers two varieties of popcorn: plain and flavored. The flavors range from Caramel Popcorn to Dark Chocolate Drizzled Popcorn to White Cheddar Popcorn. The plain popcorn sells for $3.10 per box and costs $0.40 per box to make. The flavored popcorn sells for $3.90 per box and costs $2.70 per box to make. Yummy! has fixed costs per month of...
Shown here is an income statement in the traditional format for a firm with a sales volume of 18,000 units $234,000 63,700 $170,300 Revenues Cost of goods sold ($11,500+$2.90/unit) Gross profit Operating expenses 20,300 12,100 $137,900 Selling ($2,300+$1.00/unit) Administration ($4,900+ $0.40/unit) Operating income Required: a. Prepare an income statement in the contribution margin format Contribution Margin Income Statement Variable expenses Total variable expenses Fixed expenses Total fixed expenses b. Calculate the contribution margin per unit and the contribution margin ratio....
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