Preparing the Contribution Format Income Statement for April: | |||||||||
Carbex, Inc. | |||||||||
Income Statement For April | |||||||||
Standard | Deluxe | tal | |||||||
Amount | % | Amount | % | Amount | % | ||||
Unit | 5000 | 3000 | |||||||
Sales | $400,000 | 100.00% | % | $285,000 | 100.00% | % | $685,000 | 100.00% | % |
Variable expenses: | |||||||||
Production | $125,000 | 31.25% | % | $120,000 | 42.11% | % | $245,000 | 35.77% | % |
Sales commission | $100,000 | 25.00% | % | $71,250 | 25.00% | % | $171,250 | 25.00% | % |
tal variable expenses | $225,000 | 56.25% | % | $191,250 | 67.11% | % | $416,250 | 60.77% | % |
Contribution margin | $175,000 | 43.75% | % | $93,750 | 32.89% | % | $268,750 | 39.23% | % |
Fixed expenses: | |||||||||
Advertising | $115,000 | ||||||||
Depreciation | $24,700 | ||||||||
Administrative | $68,000 | ||||||||
tal fixed expenses | $207,700 | ||||||||
Net operating income | $61,050 | ||||||||
Preparing the Contribution Format Income Statement for May | |||||||||
Carbex, Inc. | |||||||||
Income Statement For May | |||||||||
Standard | Deluxe | tal | |||||||
Amount | % | Amount | % | Amount | % | ||||
Unit | 2000 | 6000 | |||||||
Sales | $160,000 | 100.00% | % | $570,000 | 100.00% | % | $730,000 | 100.00% | % |
Variable expenses: | |||||||||
Production | $50,000 | 31.25% | % | $240,000 | 42.11% | % | $290,000 | 39.73% | % |
Sales commission | $40,000 | 25.00% | % | $142,500 | 25.00% | % | $182,500 | 25.00% | % |
tal variable expenses | $90,000 | 56.25% | % | $382,500 | 67.11% | % | $472,500 | 64.73% | % |
Contribution margin | $70,000 | 43.75% | % | $187,500 | 32.89% | % | $257,500 | 35.27% | % |
Fixed expenses: | |||||||||
Advertising | $115,000 | ||||||||
Depreciation | $24,700 | ||||||||
Administrative | $68,000 | ||||||||
tal fixed expenses | $207,700 | ||||||||
Net operating income | $49,800 |
Part-3 : Computation of Break Even Dollar sales |
BEP $ Sale= Fixed Cost/ Overall CM Ratio |
=$207700/39.23%= $529442 |
Part-4 : Computation of Break Even Dollar sales |
BEP $ Sale= Fixed Cost/ Overall CM Ratio |
=$207700/35.27%= $588886 |
Check my work Problem 5-28 Sales Mix; Commission Structure; Multiproduct Break-Even Analysis (LO5-9) 10 points Carbex,...
Problem 5-28 Sales Mix; Commission Structure; Multiproduct Break-Even Analysis (LO5-9) Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The com them to retail department stores throughout the country. The Standard set sells for $82, and the Deluxe set sells for $97. The variable expenses associated with each set are given below. Variable production costs Sales commissions (268 of sales price) Standard Deluxe $26.00 41.00 $ 21.32 $ 25.22 The company's fixed expenses each month are: Advertising Depreciation...
PROBLEM 5-28 Sales Mix; Commission Structure; Multiproduct Break-Even Analysis LO5-9 Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Stan- dard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $60, and the Deluxe set sells for $75. The variable expenses associated with each set are given below. Standard Deluxe Variable production costs........................... Sales commissions (15% of sales price) ............... $15.00 $9.00 $30.00...
Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $80, and the Deluxe set sells for $95. The variable expenses associated with each set are given below. points Variable production costs Sales commissions (25% of sales price) Standard $ 25.00 $ 20.00 Deluxe $ 40.00 $ 23.75 8 02:07:14 Skipped The company's fixed...
Reg 1A Reg 1B Req ЗА Req 3B Compute the break-even point in dollar sales for April. (Round intermediate percentage calculations to 1 decimal place and final answer to the nearest whole dollar.) Break-even point in dollar sales < Req 1B Req 3B > | Regia Req 1A Reg 1B Reg 18 Req3a Reg 3A | Regae | Reg 3B Would the break-even point in May be higher or lower than the break-even point in April? Higher Lower < Req...
question 4
Carbex, Inc. produces Cutlery sets out of high quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $62, and the Deluxe set sells for $77. The variable expenses associated with each set are given below. Variable production costs Sales commissions (168 of sales price) Standard Deluxe $16.00 $31.00 $ 9.92 $12.32 The company's fed expenses each month are:...
Carbex, Inc. produces Cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $90, and the Deluxe set sells for $105. The variable expenses associated with each set are given below. Carbex, Inc. Income Statement For May Standard Deluxe Amount * Amount % Total % Amount Variable production costs Sales comissions (S0% of sales price) Standard $...
Format for the requirements 1a and 1b are as follows;
Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $86, and the Deluxe set sells for $101. The variable expenses associated with each set are given below. Variable production costs Sales commissions (28% of sales price) orice Standard $ 28.00 $ 24.08 $...
Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sell then department stores throughout the country. The Standard set sells for $98, and the Deluxe et sells for $113. The variable expenses and set are given below. Standard Deluxe Variable production costs $ 34.00 $ 49.00 Sales commissions (34% of sales price) $ 33.32 $ 38.42 The company's fixed expenses each month are: Advertising Depreciation Administrative $...
Carbex, Inc., produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sell then department stores throughout the country. The Standard set sells for $98, and the Deluxe et sells for $113. The variable expenses and set are given below. Standard Deluxe Variable production costs $ 34.00 $ 49.00 Sales commissions (34% of sales price) $ 33.32 $ 38.42 The company's fixed expenses each month are: Advertising Depreciation Administrative $...
Topper Sports, Inc., produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets—the Standard, the Deluxe, and the Pro—that are widely used in amateur play. Selected information on the rackets is given below: Standard $ 45.00 Deluxe $ 70.00 Pro $100.00 Selling price per racket Variable expenses per racket: Production Selling (54 of selling price) $ 27.00 $ 2.25 $ 35.00 $ 3.50 $ 36.00 $ 5.00 All sales are made through the company's own retail outlets. The...