Angelina's most recent income statement is given below: Sales (8,000 units) $160,000 Less variable expenses 68,000...
Angelina's most recent income statement is given below:
| Sales (8,000 units) | $160,000 |
| Less variable expenses | 68,000 |
| Contribution margin | 92,000 |
| Less fixed expenses | 50,000 |
| Net income | $42,000 |
How many units must be sold to achieve operating income of $60,000?
hat is the revenue needed to achieve an after tax income of $35,000, given a tax rate of 30%?
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Angelina's most recent income statement is given below:
Sales (8,000 units)
$160,000
Less variable expenses
68,000...
cma = 11.5 2. Anglico's most recent income statement is given below. Sales (8,000 units) $160,000...
cma = 11.5 2. Anglico's most recent income statement is given below. Sales (8,000 units) $160,000 Joe Less variable expenses (68,000) 8.5 per unit Contribution margin 92,000 Less fixed expenses (50.000) Net income $42,000 Required: (10 points) Compute how many units must be sold to break even. Compute how many units must be sold to achieve operating income of $60,000. Compute the revenue needed to achieve an after tax income of $30,000 given a tax rate of 30%. 4,348 9566...
Zeta Corp's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution...
Zeta Corp's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution margin Less fixed expenses Net income $160,000 (68,000) 92,000 (50,000) $ 42,000 Required: a. Contribution margin % per unit is b. If sales are doubled to $240,000, total variable costs will equal C. If sales are doubled to $240,000, total fixed costs will equal d. If 20 more units are sold, profits will increase to
Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses...
Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $224,000 128,000 96,000 47,000 $ 49,000 Per Unit $7.00 4.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 12%. Per Unit Miller Company...
Parkins Company produces and sells a single product. The company's income statement for the most recent...
Parkins Company produces and sells a single product. The company's income statement for the most recent month is given below: $240,000 Sales (6,000 units at $40 per unit) Less Manufacturing costs: Direct materials Direct labor (variable) Variable factory overhead Fixed factory overhead Gross Margin Less selling and other expenses Variable selling and other expenses 24,000 Fixed selling and other expenses 42,000 $48,000 60,000 12,000 30,000 150,000 90,000 Net operating income $24,000 Required: a. Compute the company's monthly break-even point in...
E20-9 Uller Company's most recent contribution margin format income statement follows: Sales (20,000 units) Less: Variable...
E20-9 Uller Company's most recent contribution margin format income statement follows: Sales (20,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses I Profit Total $300,000 180,000 120,000 70,000 $50,000 Per Unit $15.00 9.00 $ 6.00 Management is considering the following independent action to increase profit: 1. Increase selling price by 15% with no change in total variable costs. 2. Reduce variable costs to 50% of sales. 3. Reduce fixed costs by $20,000. Instructions Calculate the profit to be earned...
Whirly Corporation's most recent income statement is shown below: Sales (8,600 units) Variable expenses Total $...
Whirly Corporation's most recent income statement is shown below: Sales (8,600 units) Variable expenses Total $ 258,000 172,000 Per Unit $30.00 20.00 $10.00 Contribution margin Fixed expenses 86,000 54,100 Net operating income $ 31,900 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case Independently): 1. The sales volume increases by 100 units. Whirly Corporation Contribution Income Statement Total Per Unit 2. The sales volume decreases by 100 units. Whirly Corporation Contribution Income...
Miller Company's most recent income statement follows: Sales (16,000 units) . Less: Variable expenses 20 $320,000...
Miller Company's most recent income statement follows: Sales (16,000 units) . Less: Variable expenses 20 $320,000 160.000 Contribution margin 160,000 $10 Less Fixed expenses 63,000 Net income $ 97 000 Required: 1. Prepare a new income statement if the sales volume increases by 30, $, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per llnit Sales 2. Prepare a new income statement if the selling price decreases by $2.5 per unit, and...
Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses...
Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $234,000 117,000 117,000 41,000 $ 76,000 Per Unit $6.00 3.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 17%. Miller Company Contribution Income...
Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000...
Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000 Per Unit $12 Contribution margin 196.000 $ Less: Fixed expenses 21,000 Net income $175,000 Required: 1. Prepare a new income statement if the sales volume increases by 25%, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net income 2. Prepare a new income statement if...
c) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less...
c) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $175,000 - 68,000 $107.000 - 36.000 $ 71.000 If sales decrease by $35,000, profits will (Points 2.0): d) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $117,000 - 68,000 $49,000 - 36.000 $ 13,000 What is the break-even point in units and in sales dollars? (Points 1.0): e) Using...
cma = 11.5 2. Anglico's most recent income statement is given below. Sales (8,000 units) $160,000 Joe Less variable expenses (68,000) 8.5 per unit Contribution margin 92,000 Less fixed expenses (50.000) Net income $42,000 Required: (10 points) Compute how many units must be sold to break even. Compute how many units must be sold to achieve operating income of $60,000. Compute the revenue needed to achieve an after tax income of $30,000 given a tax rate of 30%. 4,348 9566...
Zeta Corp's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution margin Less fixed expenses Net income $160,000 (68,000) 92,000 (50,000) $ 42,000 Required: a. Contribution margin % per unit is b. If sales are doubled to $240,000, total variable costs will equal C. If sales are doubled to $240,000, total fixed costs will equal d. If 20 more units are sold, profits will increase to
Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $224,000 128,000 96,000 47,000 $ 49,000 Per Unit $7.00 4.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 12%. Per Unit Miller Company...
Parkins Company produces and sells a single product. The company's income statement for the most recent month is given below: $240,000 Sales (6,000 units at $40 per unit) Less Manufacturing costs: Direct materials Direct labor (variable) Variable factory overhead Fixed factory overhead Gross Margin Less selling and other expenses Variable selling and other expenses 24,000 Fixed selling and other expenses 42,000 $48,000 60,000 12,000 30,000 150,000 90,000 Net operating income $24,000 Required: a. Compute the company's monthly break-even point in...
E20-9 Uller Company's most recent contribution margin format income statement follows: Sales (20,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses I Profit Total $300,000 180,000 120,000 70,000 $50,000 Per Unit $15.00 9.00 $ 6.00 Management is considering the following independent action to increase profit: 1. Increase selling price by 15% with no change in total variable costs. 2. Reduce variable costs to 50% of sales. 3. Reduce fixed costs by $20,000. Instructions Calculate the profit to be earned...
Whirly Corporation's most recent income statement is shown below: Sales (8,600 units) Variable expenses Total $ 258,000 172,000 Per Unit $30.00 20.00 $10.00 Contribution margin Fixed expenses 86,000 54,100 Net operating income $ 31,900 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case Independently): 1. The sales volume increases by 100 units. Whirly Corporation Contribution Income Statement Total Per Unit 2. The sales volume decreases by 100 units. Whirly Corporation Contribution Income...
Miller Company's most recent income statement follows: Sales (16,000 units) . Less: Variable expenses 20 $320,000 160.000 Contribution margin 160,000 $10 Less Fixed expenses 63,000 Net income $ 97 000 Required: 1. Prepare a new income statement if the sales volume increases by 30, $, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per llnit Sales 2. Prepare a new income statement if the selling price decreases by $2.5 per unit, and...
Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $234,000 117,000 117,000 41,000 $ 76,000 Per Unit $6.00 3.00 $3.00 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): (Do not round intermediate calculations. Round your "Per unit" answers to 2 decimal places.) 1. The number of units sold increases by 17%. Miller Company Contribution Income...
Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000 Per Unit $12 Contribution margin 196.000 $ Less: Fixed expenses 21,000 Net income $175,000 Required: 1. Prepare a new income statement if the sales volume increases by 25%, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net income 2. Prepare a new income statement if...
c) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $175,000 - 68,000 $107.000 - 36.000 $ 71.000 If sales decrease by $35,000, profits will (Points 2.0): d) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $117,000 - 68,000 $49,000 - 36.000 $ 13,000 What is the break-even point in units and in sales dollars? (Points 1.0): e) Using...
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