Company makes electronics. Its sales for 2020 are $1,404,000. Fixed costs are $441,756 and variable costs...
Company makes electronics. Its sales for 2020 are $1,404,000. Fixed costs are $441,756 and variable costs are $856,440. It sold 2,600 units in the year.
a)Calculate the contribution margin per unit and the contribution margin ratio.
b)Assuming a consistent contribution margin ratio, if its desired operating income is $139,500, what would the company need to sell in units and in dollars to achieve this goal?
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Company makes electronics. Its sales for 2020 are $1,404,000.
Fixed costs are $441,756 and variable costs...
Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable...
Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable costs are $826,800. It sold 2,600 units in the year. Calculate the contribution margin per unit and the contribution margin ratio. (Round contribution margin per unit to 2 decimal places, e.g. 15.20 and contribution margin ratio to 4 decimal places, e.g. 1.4254%.) Contribution margin per unit Contribution margin ratio LINK TO TEXT Assuming a consistent contribution margin ratio, if its desired operating income is...
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For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
show clear working Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed...
show clear working
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2% Hang Ten produces sport socks. The company has fixed expenses of $90,000 and variable expenses of $0.90 per package. Each package...
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Centennial Company makes electronics. Its sales for 2020 are $1,378,000. Fixed costs are $405,620 and variable costs are $826,800. It sold 2,600 units in the year. Calculate the contribution margin per unit and the contribution margin ratio. (Round contribution margin per unit to 2 decimal places, e.g. 15.20 and contribution margin ratio to 4 decimal places, e.g. 1.4254%.) Contribution margin per unit Contribution margin ratio LINK TO TEXT Assuming a consistent contribution margin ratio, if its desired operating income is...
Benson Company makes and sells products with variable costs of $41 each. Benson incurs annual fixed costs of $27,300. The current sales price is $62. Problem 3-23A Part a Required The following requirements are interdependent. For example, the $6,300 desired profit introduced in Requirement calso applies to subsequent requirements. Likewise, the $53 sales price introduced in Requirement d applies to the subsequent requirements. a. Determine the contribution margin per unit. b. Determine the break-even point in units and in dollars. Prepare an income statement...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
show clear working
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