Homework Answers
| 1) | Sales | - | Variable Costs | = | Contribution Margin |
| $ 5,00,000 | - | $ 2,50,000 | = | $ 2,50,000 | |
| 2) | Contribution Margin | / | Sales | = | Contribution Margin Percentage |
| $ 2,50,000 | / | $ 5,00,000 | = | 50% | |
| 3) | Contribution Margin | - | Fixed cost(advertising cost) | = | Change In Operating Income |
| $ 62,500.00 | - | $ 8,000 | = | $ 54,500 | |
| 4) | To improve income, Mr G must find ways to increase sales revenue | ||||
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Godfroy Men's Clothing's revenues and cost data for 2017 are as follows: B (Click the icon...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to view the data.) Mr. Lurvey, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $45,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Requirement 1. Compute the contribution margin of Lurvey Men's Clothing. Determine the formula to calculate the contribution margin, then enter the amounts in...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: LOADING...(Click the icon to...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: LOADING...(Click the icon to view the data.) Mr. Lurvey, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $ 25 comma 000 variable costs, which vary with sales volume, and $ 5 comma 000 (fixed) costs Revenue 500,000 cost of goods sold 250,000 gross margin 250,000 operating cost salaries fixed 130,000 sales commissions (10% of sales)...
Question 2. Contribution margin, decision making. McCarthy Men's Clothing's revenues and cost data for 2014 are...
Question 2. Contribution margin, decision making. McCarthy Men's Clothing's revenues and cost data for 2014 are as follows: $500,000 250,000 250,000 Revenues Cost of goods sold Gross margin Operating costs: Salaries fixed Sales commissions (11% of sales) Depreciation of equipment and fixtures Store rent ($4,000 per month) Other operating costs Operating income (loss) $160,000 55,000 15,000 48,000 40,000 |_ 318,000 $(68,000) Mr. McCarthy, the owner of the store, is unhappy with the operating results. An analysis of other operat-ing costs...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Please complete all 6 parts and highlight answer key. thank you Question Help McCarthy Men's Clothing's...
Please complete all 6 parts and highlight answer key. thank you
Question Help McCarthy Men's Clothing's revenues and cost data for 2017 are as foliows 311 Click the icon to view the data.) Mr. McCarthy, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $50.000 variable costs, which vary with sales volume, and $15.000 (d) costs Read the requirements Requirement 1. Compute the contribution margin of McCarthy Men's...
Need help with requirement 4 * E3-36 (similar to) Question Help presents the only operating income...
Need
help with requirement 4
* E3-36 (similar to) Question Help presents the only operating income statement shown here to George Gomez, a potential investor in the business. Help Mr. G Die Beauty mandatures and ses a face cream to small specially wores in the greater Los Angeles are understand Diva Beauty's cost structure Click the icon to view the operating income statement Read the rements © Data Table Requirement 1. Recast the income walement to emphasire contribution margin Diva...
The contribution margin income statement of Sweet Pea Donuts for August 2018 follows: (Click the icon...
The contribution margin income statement of Sweet Pea Donuts for August 2018 follows: (Click the icon to view the contribution margin income statement.) Sweet Pea sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $8.00, with total variable cost of $3.20 per dozen. Read the requirements Requirement 1. Calculate the weighted average contribution margin. (Round all currency amounts...
Please explain requirement 4 in great detail. E3-36 (similar to) High End Beauty manufactures and sells...
Please explain requirement 4 in great detail.
E3-36 (similar to) High End Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles a Lopez understand High End Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. 1 Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017 3. What is the margin...
Suppose Garrett Corp.'s breakeven point is revenues of $1,400,000. Fixed costs are $630,000 Requirements 1. Compute...
Suppose Garrett Corp.'s breakeven point is revenues of $1,400,000. Fixed costs are $630,000 Requirements 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $11 per unit. 3. Suppose 90,000 units are sold. Compute the margin of safety in units and dollars. 4. What does this tell you about the risk of Garrett making a loss? What are the most likely reasons for this risk to increase? Requirement 1. Compute the contribution margin percentage Determine...
Xavier Medical Supply is a retailer of home medical equipment. Last year, Xavier's sales revenues totaled...
Xavier Medical Supply is a retailer of home medical equipment. Last year, Xavier's sales revenues totaled $6,800,000. Total expenses were $2,600,000. Of this amount, approximately $1,088,000 were variable, while the remainder were fixed. Since Xavier's offers thousands of different products, its managers prefer to calculate the breakeven point in terms of sales dollars rather than units. Read the requirements. Contribution margin Sales revenue - Contribution margin ratio (Enter the ratio as a whole percent.) The contribution margin ratio is 84...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to view the data.) Mr. Lurvey, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $45,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Requirement 1. Compute the contribution margin of Lurvey Men's Clothing. Determine the formula to calculate the contribution margin, then enter the amounts in...
Question 2. Contribution margin, decision making. McCarthy Men's Clothing's revenues and cost data for 2014 are as follows: $500,000 250,000 250,000 Revenues Cost of goods sold Gross margin Operating costs: Salaries fixed Sales commissions (11% of sales) Depreciation of equipment and fixtures Store rent ($4,000 per month) Other operating costs Operating income (loss) $160,000 55,000 15,000 48,000 40,000 |_ 318,000 $(68,000) Mr. McCarthy, the owner of the store, is unhappy with the operating results. An analysis of other operat-ing costs...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Please complete all 6 parts and highlight answer key. thank you
Question Help McCarthy Men's Clothing's revenues and cost data for 2017 are as foliows 311 Click the icon to view the data.) Mr. McCarthy, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $50.000 variable costs, which vary with sales volume, and $15.000 (d) costs Read the requirements Requirement 1. Compute the contribution margin of McCarthy Men's...
Need
help with requirement 4
* E3-36 (similar to) Question Help presents the only operating income statement shown here to George Gomez, a potential investor in the business. Help Mr. G Die Beauty mandatures and ses a face cream to small specially wores in the greater Los Angeles are understand Diva Beauty's cost structure Click the icon to view the operating income statement Read the rements © Data Table Requirement 1. Recast the income walement to emphasire contribution margin Diva...
The contribution margin income statement of Sweet Pea Donuts for August 2018 follows: (Click the icon to view the contribution margin income statement.) Sweet Pea sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $8.00, with total variable cost of $3.20 per dozen. Read the requirements Requirement 1. Calculate the weighted average contribution margin. (Round all currency amounts...
Please explain requirement 4 in great detail.
E3-36 (similar to) High End Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles a Lopez understand High End Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. 1 Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017 3. What is the margin...
Suppose Garrett Corp.'s breakeven point is revenues of $1,400,000. Fixed costs are $630,000 Requirements 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $11 per unit. 3. Suppose 90,000 units are sold. Compute the margin of safety in units and dollars. 4. What does this tell you about the risk of Garrett making a loss? What are the most likely reasons for this risk to increase? Requirement 1. Compute the contribution margin percentage Determine...
Xavier Medical Supply is a retailer of home medical equipment. Last year, Xavier's sales revenues totaled $6,800,000. Total expenses were $2,600,000. Of this amount, approximately $1,088,000 were variable, while the remainder were fixed. Since Xavier's offers thousands of different products, its managers prefer to calculate the breakeven point in terms of sales dollars rather than units. Read the requirements. Contribution margin Sales revenue - Contribution margin ratio (Enter the ratio as a whole percent.) The contribution margin ratio is 84...
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