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Master Budget Product A. Product B $396,000 264,000 $132,000 66,000 Sales $264,000 Variable cost 154,000 $110,000...
Robinson Company has two products, A and B. Robinson’s budget for August follows: Master Budget Product...
Robinson Company has two products, A and B. Robinson’s budget for August follows: Master Budget Product A Product B Sales $ 264,000 $ 396,000 Variable cost 154,000 264,000 Contribution margin $ 110,000 $ 132,000 Fixed cost 88,000 66,000 Operating income $ 22,000 $ 66,000 Selling price $ 120 $ 60 On September 1, these operating results for August were reported: Operating Results Product A Product B Sales $ 198,000 $ 446,400 Variable cost 117,000 309,600 Contribution margin $ 81,000 $...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost Contribution margin Fixed cost Operating income Selling price Master Budget Product A Product B $264,000 $396,000 154,000 264,000 $110,000 $ 132,000 88,000 66,000 $ 22,000 $ 66,000 $ 120 $ 60 On September 1, these operating results for August were reported: Sales Variable cost Contribution margin Fixed cost Operating income Units sold Operating Results Product A Product B $198,000 $ 446,400 117,000 309,600 $...
O'Neill's Products manufactures a single product. Cost, sales, and production information for the company and i...
O'Neill's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. O'Neill's Products X More Info Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 S 390,000 Sales revenue Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
The budgets of four companies yield the following information: BE(Click the icon to view the budget...
The budgets of four companies yield the following information: BE(Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What cause x i Data Table Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Company Q 720,000...
Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the...
Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: Sales $88,000 Total Variable cost 66,000 $22,000 Contribution margin Total Fixed cost 10,500 Operating income $11,500 Required: 1. Calculate the contribution margin ratio. 2. Calculate the variable cost ratio. 3. Calculate the break-even sales revenue for Ashton. 4. How could Ashton increase projected operating income without increasing the total sales revenue
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Varianc...
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Variance Units sold Revenue Variable cost Variable production overhead 15,000 742,500 390,000 160,000500 32,500 F 225,000 5,000 U 257,500 U 110,000 F 115,000 U 5,000 F 110,000 U Contribution margin Fixed production overhead Operating income 340,000 150,000 190,000 45,000 80,000 3.1 Prepare a flexible budget for ABC Company for vear 2015...
Sales (13,200 units × $30 per unit) $ 396,000 Variable expenses 198,000 Contribution margin 198,000 Fixed...
Sales (13,200 units × $30 per unit) $ 396,000 Variable expenses 198,000 Contribution margin 198,000 Fixed expenses 220,500 Net operating loss $ (22,500 ) Required: 1. Compute the company’s CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes that a $6,700 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in an $86,000 increase in monthly sales. If the president is right, what will be...
Sheridan Entertainment Corporation prepared a master budget for the month of November that was based on...
Sheridan Entertainment Corporation prepared a master budget for
the month of November that was based on sales of 150,700 board
games. The budgeted income statement for the period is as
follows.
Sheridan Entertainment Corporation prepared a master budget for the month of November that was based on sales of 150,700 board games. The budgeted income statement for the period is as follows. $2,561,900 $678,150 226,050 467,170 Sales Revenue Variable expenses Direct materials Direct labor Variable overhead Total variable expenses Contribution...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 3 Direct labor 10 Variable manufacturing overhead 4 Variable selling and administrative 1 Total variable cost per unit $ 18 Fixed costs per month: Fixed manufacturing overhead $ 81,000 Fixed selling and administrative 175,000 Total fixed cost per month $ 256,000 The product sells for $51 per unit. Production and sales data for July and August, the first...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost Contribution margin Fixed cost Operating income Selling price Master Budget Product A Product B $264,000 $396,000 154,000 264,000 $110,000 $ 132,000 88,000 66,000 $ 22,000 $ 66,000 $ 120 $ 60 On September 1, these operating results for August were reported: Sales Variable cost Contribution margin Fixed cost Operating income Units sold Operating Results Product A Product B $198,000 $ 446,400 117,000 309,600 $...
O'Neill's Products manufactures a single product. Cost, sales, and production information for the company and its single product is as follows: (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare an income statement for the upcoming year using variable costing. O'Neill's Products X More Info Contribution Margin Income Statement (Variable Costing) For the Year Ended December 31 S 390,000 Sales revenue Selling price per unit is $65 Variable manufacturing costs per unit manufactured (includes direct materials...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
The budgets of four companies yield the following information: BE(Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What cause x i Data Table Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Company Q 720,000...
Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: Sales $88,000 Total Variable cost 66,000 $22,000 Contribution margin Total Fixed cost 10,500 Operating income $11,500 Required: 1. Calculate the contribution margin ratio. 2. Calculate the variable cost ratio. 3. Calculate the break-even sales revenue for Ashton. 4. How could Ashton increase projected operating income without increasing the total sales revenue
3. ABC Company has the master/static budget and actual of operating result (2015) as shown beloW. ABC Company Operating Results For year 2015 Master Budget 20,000 1,000,000 500,000 Actual Variance Units sold Revenue Variable cost Variable production overhead 15,000 742,500 390,000 160,000500 32,500 F 225,000 5,000 U 257,500 U 110,000 F 115,000 U 5,000 F 110,000 U Contribution margin Fixed production overhead Operating income 340,000 150,000 190,000 45,000 80,000 3.1 Prepare a flexible budget for ABC Company for vear 2015...
Sheridan Entertainment Corporation prepared a master budget for
the month of November that was based on sales of 150,700 board
games. The budgeted income statement for the period is as
follows.
Sheridan Entertainment Corporation prepared a master budget for the month of November that was based on sales of 150,700 board games. The budgeted income statement for the period is as follows. $2,561,900 $678,150 226,050 467,170 Sales Revenue Variable expenses Direct materials Direct labor Variable overhead Total variable expenses Contribution...
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