Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $292,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $292,000, total variable expenses were $219,000, and fixed expenses were $35,500.
Required:
1. What is the company’s contribution margin (CM) ratio?
2. What is the estimated change in the company’s net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.)
Homework Answers
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Last month when Holiday Creations, Inc., sold 39,000 units,
total sales were $292,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $293,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $293,000, total variable expenses were $210,960, and fixed expenses were $39,800. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio % 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $314,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $314,000, total variable expenses were $229,220, and fixed expenses were $36,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income %
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $156,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $156,000, total variable expenses were $124,800, and fixed expenses were $38,200. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 650 units and total sales by $2,600? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $313,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $313,000, total variable expenses were $256,660, and fixed expenses were $38,900. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.)
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $319,000, total variable expenses were $252,010, and fixed expenses were $38,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 35,000 units, total sales were $286,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 35,000 units, total sales were $286,000, total variable expenses were $203,060, and fixed expenses were $36,300. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,000? (Do not round intermediate calculations.)
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $314,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $314,000, total variable expenses were $260,620, and fixed expenses were $37,600. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.)
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $281,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $281,000, total variable expenses were $205,130, and fixed expenses were $36,800. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $2,200? (Do not round intermediate calculations.)
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $314,000, total variable expenses were $229,220, and fixed expenses were $36,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income %
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $156,000, total variable expenses were $124,800, and fixed expenses were $38,200. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 650 units and total sales by $2,600? (Do not round intermediate calculations.) % 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $319,000, total variable expenses were $252,010, and fixed expenses were $38,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $3,000? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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