Homework Answers
| 3 |
| The contribution margin ratio increases when variable costs as a percentage of sales decrease. |
| Contribution margin ratio is calculated as (1-Variable cost percentage). |
| When Variable cost percentage decreases, Contribution margin ratio increases. |
| Contribution margin is the difference between sales and variable costs. When variable costs decrease, Contribution margin and Contribution margin ratio increases. |
| Option C is correct |
Add Answer to:
3. The contribution margin ratio increases when A) fixed costs increase. B) fixed costs decrease C)...
The contribution margin ratio always decreases when: A.the fixed expenses increase. B.fixed expenses decrease. C.variable expenses...
The contribution margin ratio always decreases when: A.the fixed expenses increase. B.fixed expenses decrease. C.variable expenses as a percentage of net sales increase. D.variable expenses as a percentage of net sales decrease.
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio,...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost. The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs. At the breakeven point, total sales revenue equals total costs. If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant.
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio,...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant ОО At the breakeven point total sales revenue equals total costs
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.45 and fixed costs of $107,200. Every dollar of sales contributes 45 cents toward fixed costs and profit. The cost structure of a competitor, One- Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.70 and fixed costs of $274,700. Every dollar of sales contributes 70 cents toward fixed costs and profit. Both companies have sales of $670,000 for the...
Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0.40...
Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of $88,500. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, Winters Company, is dominated by fixed costs with a higher contribution margin ratio of 0.70 and fixed costs of $265,500. Every dollar of sales contributes 70 cents toward fixed costs and profit. Both companies have sales of $590,000 per month. Required:...
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store’s cost structure is dominated by variable
costs with a contribution margin ratio of 0.40 and fixed costs of
$100,800. Every dollar of sales contributes 40 cents toward fixed
costs and profit. The cost structure of a competitor, One-Mart, is
dominated by fixed costs with a higher contribution margin ratio of
0.70 and fixed costs of $244,800. Every dollar of sales contributes
70 cents toward fixed costs and profit. Both companies have sales
of $480,000 for the month....
Assume the contribution margin ratio is 40% and variable costs are $20,000 and fixed costs are...
Assume the contribution margin ratio is 40% and variable costs are $20,000 and fixed costs are $300,000. What level of sales is necessary to break even? a. $120,000 b. $320,000 c. $50,000 d. $750,000
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of $78,000. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.80 and fixed costs of $338,000. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $650,000 for the month....
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of $46,200. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.80 and fixed costs of $354,200. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $770,000 for the month....
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $...
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $377,400. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 69%, sales were $689,000, and fixed costs were $356,560, what was the operating income?
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant ОО At the breakeven point total sales revenue equals total costs
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.45 and fixed costs of $107,200. Every dollar of sales contributes 45 cents toward fixed costs and profit. The cost structure of a competitor, One- Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.70 and fixed costs of $274,700. Every dollar of sales contributes 70 cents toward fixed costs and profit. Both companies have sales of $670,000 for the...
The Greenback Store’s cost structure is dominated by variable
costs with a contribution margin ratio of 0.40 and fixed costs of
$100,800. Every dollar of sales contributes 40 cents toward fixed
costs and profit. The cost structure of a competitor, One-Mart, is
dominated by fixed costs with a higher contribution margin ratio of
0.70 and fixed costs of $244,800. Every dollar of sales contributes
70 cents toward fixed costs and profit. Both companies have sales
of $480,000 for the month....
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of $78,000. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.80 and fixed costs of $338,000. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $650,000 for the month....
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.40 and fixed costs of $46,200. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.80 and fixed costs of $354,200. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $770,000 for the month....
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $377,400. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 69%, sales were $689,000, and fixed costs were $356,560, what was the operating income?
Most questions answered within 3 hours.
-
4. Determine the theoretical yield of P2O5, when 3.07 g of P
reacts with 6.09 g...
asked 8 minutes ago -
On January 1, 20X7, Green Corp. paid $1,020,000 to acquire Wax
Co. Wax maintained separate incorporation....
asked 59 minutes ago -
S sells property with a $500 basis to B for $450, and B later
sells the...
asked 58 minutes ago -
C++
Write a class Fraction that defines adding, subtracting,
multiplying, and dividing fractions by overloading standard...
asked 2 hours ago -
This java code won't run and I can't figure out the problem with
it. Please help...
asked 3 hours ago -
Trace the following recursive methods:
a) isPal with the string “abccda”
b) isAnBn with the string...
asked 4 hours ago -
1. Which of the following is false about photosynthesis?
A. ATP is the molecule used to...
asked 5 hours ago -
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 6 hours ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 6 hours ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 7 hours ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 7 hours ago -
Spacely Sprockets is evaluating the construction of a new plant
on land the company purchased for...
asked 8 hours ago