If a firm has a break-even point of 15,000 units and the contribution margin on the...
Homework Answers
Operating Profit
Sales 40000
Contribution / unit 4
Total contribution 160000
Less: fixed cost 60000
Operating profit 100000
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If a firm has a break-even point of 15,000 units and the
contribution margin on the...
If a firm has a break-even point of 20,000 units and the contribution margin on the...
If a firm has a break-even point of 20,000 units and the contribution margin on the firm's single product is $3.00 per unit and fixed costs are $60,000, what will the firm's net income be at sales of 30,000 units?
The contribution margin $25 per unit and contribution margin at break-even point is $200,000. To obtain...
The contribution margin $25 per unit and contribution margin at break-even point is $200,000. To obtain a target net operating income of $60,000, sales in units would have to be? When the contribution margin ratio is 25% and contribution margin at break-even point is $200,000. What is total sales revenue at a target net operating income of $60,000?
Break-Even Point and Target Profit Measured in Units (Single Product). Nellie Company has monthly fixed costs...
Break-Even Point and Target Profit Measured in Units (Single Product). Nellie Company has monthly fixed costs totaling S100,000 and variable costs of $20 per unit. Each unit of product is sold for $25. Required: Calculate the contribution margin per unit Find the break-even point in units. How many units must be sold to earn a monthly profit of $40,000?
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie...
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $101 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $464,000, and fixed selling and administrative costs are $256,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: Use the equation method....
EXERCISES: Set A (continued) 28. Break-Even Point and Target Profit Mensured in Sales Dollars (Single Product)...
EXERCISES: Set A (continued) 28. Break-Even Point and Target Profit Mensured in Sales Dollars (Single Product) a. The contribution margin ratio is calculated as b. The break-even point in sales dollars is calculated as: c. The target profit point in sales dollars is calculated as: 29. Margin of Safety (Single Product) a. The margin of safety in units: b. The margin of safety in sales dollars: Questio de Inc. How many units must be sold to earn a monthly profit...
A contribution margin income statement organizes costs by behavior
Contribution Margin Income StatementA contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses .Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit.Fill in the contribution margin income statement when 730...
The Cumberland Company provides the following information: Break-Even in Units and Sales Dollars, Margin of Safety D...
The Cumberland Company provides the following information: Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last year's income statement is as follows: Sales (18,000 units) $1,083,600 Less: Variable costs 723,600 Contribution margin $360,000 Less: Fixed costs 273,000 Operating income $87,000 Required: 1. Compute the break-even point in units and sales revenue. In your computations, round the contribution margin per unit to the nearest cent and round the contribution margin ratio to four decimal...
Exercise 18-9 Contribution margin and break-even P2 Blanchard Company manufactures a single product that sells for...
Exercise 18-9 Contribution margin and break-even P2 Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. Use this information to compute the company's (a) contribution margin, (b) contribution margin ratio, (c) break-even point in units, and (d) break-even point in dollars of sales.
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie...
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $64 per unit. Variable selling expenses are $17 per unit, annual fixed manufacturing costs are $494,000, and fixed selling andd administrative costs are $237,400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation...
Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last...
Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last year's income statement is as follows: Sales (21,000 units) $1,291,500 Less: Variable costs 877,800 Contribution margin $413,700 Less: Fixed costs 252,200 Operating income $161,500 Required: 1. Compute the break-even point in units and sales revenue. In your computations, round the contribution margin per unit to the nearest cent and round the contribution margin ratio to four decimal places. Round your final answers to the...
If a firm has a break-even point of 20,000 units and the contribution margin on the firm's single product is $3.00 per unit and fixed costs are $60,000, what will the firm's net income be at sales of 30,000 units?
Break-Even Point and Target Profit Measured in Units (Single Product). Nellie Company has monthly fixed costs totaling S100,000 and variable costs of $20 per unit. Each unit of product is sold for $25. Required: Calculate the contribution margin per unit Find the break-even point in units. How many units must be sold to earn a monthly profit of $40,000?
EXERCISES: Set A (continued) 28. Break-Even Point and Target Profit Mensured in Sales Dollars (Single Product) a. The contribution margin ratio is calculated as b. The break-even point in sales dollars is calculated as: c. The target profit point in sales dollars is calculated as: 29. Margin of Safety (Single Product) a. The margin of safety in units: b. The margin of safety in sales dollars: Questio de Inc. How many units must be sold to earn a monthly profit...
Exercise 18-9 Contribution margin and break-even P2 Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. Use this information to compute the company's (a) contribution margin, (b) contribution margin ratio, (c) break-even point in units, and (d) break-even point in dollars of sales.
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $64 per unit. Variable selling expenses are $17 per unit, annual fixed manufacturing costs are $494,000, and fixed selling andd administrative costs are $237,400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation...
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