Homework Answers
Contribution margin ratio = (112400-53400)/295000 = 20%
Break even Sales = Fixed cost/Contribution margin ratio = 112400/.20 = $562000
So answer is a) $562000
Add Answer to:
Last month Angus Company had a $53.400 loss on sales of $295,000. Fied costs are $112.400...
Last month Stagecoach Company had a $64,000 loss on sales of $320,000. Fixed costs are $150,000...
Last month Stagecoach Company had a $64,000 loss on sales of $320,000. Fixed costs are $150,000 a month. What sales revenue is needed for Stagecoach to break even? Multiple Choice $540,000 $460.000 $750,000 $420,000
Last month Kelly Company had a $30,000 loss on sales of $250,000. Fixed costs are $60,000...
Last month Kelly Company had a $30,000 loss on sales of $250,000. Fixed costs are $60,000 a month. What sales revenue is needed for Kelly to break even? a. $166,667 b. $500,000 c. $280,000 d. $220,000
Last month McAlister Company had a $60,000 loss on sales of $300,000. Fixed costs are $120,000...
Last month McAlister Company had a $60,000 loss on sales of $300,000. Fixed costs are $120,000 a month. Answer the following questions: a. What was the contribution margin percentage? b. What monthly sales volume (in dollars) would be needed to break-even? c. What sales volume (in dollars) would be needed to earn $150,000?
Last month Dexter Company had a $20,350 loss on sales of $175,000. Fixed costs are $85,100...
Last month Dexter Company had a $20,350 loss on sales of $175,000. Fixed costs are $85,100 a month. By how much do sales have to increase for Dexter to break even? Multiple Choice $64,750 $55,000 $85,100 $105,450
Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus...
Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus a 10 % sales commission. Fixed costs are $162,250 per month. a. What is the contribution margin percentage? 55% Contribution Margin b. What is the break-even sales revenue? Break-Even Sales Revenue 295,000 c. What sales revenue is needed to achieve a $120,450 per month profit? Total Sales Revenue Needed
Lake sales had 2,000,000 in sales last month. The contribution margin was 40% and operating profits...
Lake sales had 2,000,000 in sales last month. The contribution margin was 40% and operating profits was $165,000. What is Lakes break even sales volume?
Last month, Zamora Company had an income of P0.75 per unit with sales of 60,000 units....
Last month, Zamora Company had an income of P0.75 per unit with sales of 60,000 units. During the current month when the unit sales are expected to be only 45,000, there is a loss of P1.25 per unit. Both the variable cost per unit and total fixed costs remain constant. The fixed costs amounted to A.P80,000C.P247,500 B.P360,000D.P210,000
Menlo Company distributes a single product. The company's sales and expenses for last month follow Sales...
Menlo Company distributes a single product. The company's sales and expenses for last month follow Sales Variable expenses 31382,600 211,400 Contribution margin Fixed expenses 90,600 76,89€ Net operating income 13,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point? Total contribution maroin
10. MULTIPLE PRODUCT BREAKEVEN POINT. Angus Manufacturing makes basic tools for sale in hardware stores across...
10. MULTIPLE PRODUCT BREAKEVEN POINT. Angus Manufacturing makes basic tools for sale in hardware stores across the country. It is a successful business, with the following unit sales in a month. It faces fixed costs of $225,000 per month. Angus wants you to help him understand how his product mix affects his business. Angus Manufacturing Price per Unit Variable Cost per Unit Product Units Sold Hammers Socket wrenches Plain screwdriver Phillips-head screwdriver Pliers $10 $7.50 25,000 $25 $15.00 10,000 $8...
Last month, Laredo Company sold 530 units for $65 each. During the month, fixed costs were...
Last month, Laredo Company sold 530 units for $65 each. During the month, fixed costs were $4,342 and variable costs were $39 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales.
Last month Stagecoach Company had a $64,000 loss on sales of $320,000. Fixed costs are $150,000 a month. What sales revenue is needed for Stagecoach to break even? Multiple Choice $540,000 $460.000 $750,000 $420,000
Last month Kelly Company had a $30,000 loss on sales of $250,000. Fixed costs are $60,000 a month. What sales revenue is needed for Kelly to break even? a. $166,667 b. $500,000 c. $280,000 d. $220,000
Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus a 10 % sales commission. Fixed costs are $162,250 per month. a. What is the contribution margin percentage? 55% Contribution Margin b. What is the break-even sales revenue? Break-Even Sales Revenue 295,000 c. What sales revenue is needed to achieve a $120,450 per month profit? Total Sales Revenue Needed
Menlo Company distributes a single product. The company's sales and expenses for last month follow Sales Variable expenses 31382,600 211,400 Contribution margin Fixed expenses 90,600 76,89€ Net operating income 13,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point? Total contribution maroin
10. MULTIPLE PRODUCT BREAKEVEN POINT. Angus Manufacturing makes basic tools for sale in hardware stores across the country. It is a successful business, with the following unit sales in a month. It faces fixed costs of $225,000 per month. Angus wants you to help him understand how his product mix affects his business. Angus Manufacturing Price per Unit Variable Cost per Unit Product Units Sold Hammers Socket wrenches Plain screwdriver Phillips-head screwdriver Pliers $10 $7.50 25,000 $25 $15.00 10,000 $8...
Last month, Laredo Company sold 530 units for $65 each. During the month, fixed costs were $4,342 and variable costs were $39 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales.
Most questions answered within 3 hours.
-
R1.6: Twenty-one randomly selected managers in the healthcare
industry were sampled with regard to their average...
asked 11 minutes ago -
P7-3 Evaluating Four Alternative Inventory Methods Based on
Income and Cash Flow LO7-2, 7-3 [The following...
asked 11 minutes ago -
The fragment sizes that you determined from your gel may not be
exactly correct (i.e. they...
asked 13 minutes ago -
A child on a sled is initially at rest on an icy horizontal
surface. The sled...
asked 27 minutes ago -
Elasticity: explain the difference in an increase in the price
of gasoline versus an increase in...
asked 25 minutes ago -
Using Python
What will the following code display?
names = [‘Vernon’, ‘Cooper’, ‘Ronnie’,
‘Clay’]
if ‘Jordan’...
asked 29 minutes ago -
which of the following would the particles be closest together?
liquid water, gaseous flourine, solid ice,...
asked 31 minutes ago -
Consider again the hypothetical population with two genes, each
with two alleles (A & a, B...
asked 33 minutes ago -
When the player of a game chooses a dominant strategy,
Select one:
a. it is the...
asked 43 minutes ago -
which of the followinf taxes are not subject to the innocent spouse
asked 42 minutes ago -
1) True or False? A researcher applies a simple
regression to get the results shown below...
asked 46 minutes ago -
33) Many computer programs provide two sets of results for the t
test for independent means....
asked 48 minutes ago