Homework Answers
Calculation of Contribution margin ratio
Contribution margin ratio for Bramble Company = [Contribution margin / Sales] x 100
= [$196,000 / $490,000] x 100
= 40.00%
Contribution margin ratio for Vaughn Company = [Contribution margin / Sales] x 100
= [$245,000 / $490,000] x 100
= 50.00%
Break-even in Dollars for Bramble Company & Vaughn Company
Break-even in Dollars for Bramble Company = Total fixed costs / Contribution margin ratio
= $176,400 / 0.40
= $441,000
Break-even in Dollars for Vaughn Company = Total fixed costs / Contribution margin ratio
= $225,400 / 0.50
= $450,800
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0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income...
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn...
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs...
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer
The following CVP income statements are available for Bramble Company and Vaughn Company. Bramble Company Vaughn...
The following CVP income statements are available for Bramble Company and Vaughn Company. Bramble Company Vaughn Company Sales $490,000 $490,000 Variable costs 294,000 245,000 Contribution margin 196,000 245,000 Fixed costs 176,400 225,400 Net income $19,600 $19,600 (a1) x Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company 40 Vaughn Company 50 eTextbook and Media
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $490,000 294,000 196,000 176,400 $19,600 Noir Company $490,000 245,000 245,000 225,400 $19,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company eTextbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $...
View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available...
View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $540,000 324,000 216,000 189,000 $27,000 Noir Company $540,000 270,000 270,000 243,000 $27,000 Assuming that sales revenue increases by 20%, prepare a CVP income statement for each company. (Enter negat using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45)) Blanc Company Noir Company...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
I Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket...
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Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs 2,080 units $60 per unit $42 per unit $18,720 Fixed costs Question 5 of 5 0.75 / 1 What is the margin of safety in dollars and as a ratio? $ 62400 Margin of safety Margin of safety ratio 50 % e Textbook and Media Attempts: 1...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $515,000 $515,000 309,000 257,500 206,000 257,500 185,400 236,900 $20,600 $20,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $560,000 336,000 224,000 196,000 $28,000 Noir Company $560,000 280,000 280,000 252,000 $28,000 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $ $ Noir Company...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465.000 $465.000 279,000 232,500 186,000 232,500 178,560 225,060 $7,440 $7,440 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Blanc Company...
Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, eg. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company
The following CVP Income statements are available for Bramble Company and Vaughn Company. Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company Vaughn Company e Textbook and Media Attempts: 0 of 15 used Save for Later Submit Answer
The following CVP income statements are available for Bramble Company and Vaughn Company. Bramble Company Vaughn Company Sales $490,000 $490,000 Variable costs 294,000 245,000 Contribution margin 196,000 245,000 Fixed costs 176,400 225,400 Net income $19,600 $19,600 (a1) x Your answer is incorrect. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Bramble Company 40 Vaughn Company 50 eTextbook and Media
The following CVP income statements are available for Blanc Company and Noir Company, Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $490,000 294,000 196,000 176,400 $19,600 Noir Company $490,000 245,000 245,000 225,400 $19,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company eTextbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $...
View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $540,000 324,000 216,000 189,000 $27,000 Noir Company $540,000 270,000 270,000 243,000 $27,000 Assuming that sales revenue increases by 20%, prepare a CVP income statement for each company. (Enter negat using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45)) Blanc Company Noir Company...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
I
Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs 2,080 units $60 per unit $42 per unit $18,720 Fixed costs Question 5 of 5 0.75 / 1 What is the margin of safety in dollars and as a ratio? $ 62400 Margin of safety Margin of safety ratio 50 % e Textbook and Media Attempts: 1...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $515,000 $515,000 309,000 257,500 206,000 257,500 185,400 236,900 $20,600 $20,600 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company $560,000 336,000 224,000 196,000 $28,000 Noir Company $560,000 280,000 280,000 252,000 $28,000 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Compute the break-even point in dollars for each company. (Round answers to 0 decimal places, e.g. 5,125.) Break-even Point Blanc Company $ $ Noir Company...
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income Blanc Company Noir Company $465.000 $465.000 279,000 232,500 186,000 232,500 178,560 225,060 $7,440 $7,440 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company e Textbook and Media Compute the break-even point in dollars for each company. (Round answers to O decimal places, e.g. 5,125.) Break-even Point Blanc Company...
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