Gary's Florist CVP Income Statement For the Year Ending December 31, 2017 Total Per Unit Sales...
| Gary's Florist | |||||
| CVP Income Statement | |||||
| For the Year Ending December 31, 2017 | |||||
| Total | Per Unit | ||||
| Sales Revenue | $ 40.00 | ||||
| Variable Costs | $ 31.00 | ||||
| Contribution Margin | $ 9.00 | ||||
| Fixed Costs | $151,875.00 | ||||
| Net Income | |||||
| Units Sold: | |||||
Need to create formulas in the appropriate locations for all remaining elements except Units Sold, which should remain blank
Also need to use Goal Seek to determine the breakeven unit sales
Homework Answers
Calculate Break even
Break even Unit = Fixed cost/Contribution margin per unit = 151875/9 = 16875 Units
Add Answer to:
Gary's Florist
CVP Income Statement
For the Year Ending December 31, 2017
Total
Per Unit
Sales...
CVP analysis Gary's Florist CVP Income Statement For the Year Ending December 31, 2017...
CVP analysis
Gary's Florist
CVP Income Statement
For the Year Ending December 31, 2017
Total
Per Unit
Sales
Revenue
Variable
Costs
Contribution Margin
Fixed
Costs
Net
Income
Units
Sold:
Sales Revenue Per Unitt som Variable costs per unit $31 . Fixed Costs $151,875 * Create formulas in the appropriate locations for all remaining elements except Units Soid, which should remain blank. Use Goal Seek to determine the breakeven unit sales. Create a second CVP Analysis tab (named appropriately) and use...
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number 6
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CVP computations. Garrett Manufacturing sold 410,000 units of its product for $68 per unit in 2017....
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CVP analysis
Gary's Florist
CVP Income Statement
For the Year Ending December 31, 2017
Total
Per Unit
Sales
Revenue
Variable
Costs
Contribution Margin
Fixed
Costs
Net
Income
Units
Sold:
Sales Revenue Per Unitt som Variable costs per unit $31 . Fixed Costs $151,875 * Create formulas in the appropriate locations for all remaining elements except Units Soid, which should remain blank. Use Goal Seek to determine the breakeven unit sales. Create a second CVP Analysis tab (named appropriately) and use...
Aply Yours 327 EA10-A2 Complete Budgets and a CVP Analysis for Gary's Housewares In this exercise, you will create budgets and perform CVP analyses for Gary's Housewares. You will first create a cash budget, adjusting settings to allow for efficient data examination. You will then create a purchases budget and adjust print settings. Lastly, you will perform CVP analyses using Goal Seek and Solver 1. Open EA10-A2-Budget from your Chapter 10 folder and save it as: EA10-A2-Budget-[YourName] 2. On the...
Prepare a CVP income statement for December 31, 2020.
Problem -SoHo Co. produces and sells a jeweled handbag to retail stores in the New York area. In 2019, the company sold 51,000 units of the handbag. Sales and costs for that level of sales is as follows: Sales $2,040,000 Variable costs 1,632,000 Contribution margin 408,000 Fixed costs 127,500 Net income 280,500 Required: Prepare a CVP income statement for December 31, 2020 for the SoHo. Assume that the company expects total...
number 6
Done The products often have different unit variable costs. Thus, the total profit and the breakeven point depend on the proportions in which the products are sold. Sales mix is the relative contribution of sales among various products sold by a firm. Assume that the sales of Jordan, Inc, for a typical year are as follows Units Sold Sales Mix 18,000 20 Total Assume the following unit selling prices and unit variable costs Product Selling Price per UiVariable...
CVP computations. Garrett Manufacturing sold 410,000 units of its product for $68 per unit in 2017. Variable cost per unit is $60, and total fixed costs are $1,640,000. Required 3-22 1. Calculate (a) contribution margin and (b) operating income. 2. Garrett's current manufacturing process is labor intensive. Kate Schoenen, Garrett's production manager, has proposed investing in state-of-the-art manufacturing equipment, which will increase the annual fixed costs to $5,330,000. The variable costs are expected to decrease to $54 per unit. Garrett...
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