Homework Answers
Required sales
= (Fixed costs + Target profit) /Contribution margin ratio
= (255,000+63,000)/(100-60)%
= 288,000/40%
= 720,000
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x Your answer is incorrect. Try again. For Bramble Company, variable costs are 60 % of...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net...
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
Compute sales for target net income. (LO 5), AP For Flynn Company, variable costs are 70%...
Compute sales for target net income. (LO 5), AP For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin approach.)
For Blue Spruce Company, variable costs are 60% of sales, and fixed costs are $238,000. Management’s...
For Blue Spruce Company, variable costs are 60% of sales, and fixed costs are $238,000. Management’s net income goal is $66,000. Compute the required sales in dollars needed to achieve management’s target net income of $66,000. (Use the contribution margin approach.)
Brief Exercise 21-05 x Your answer is incorrect. Try again. During the current year, Chudrick Corporation...
Brief Exercise 21-05 x Your answer is incorrect. Try again. During the current year, Chudrick Corporation expects to produce 11,000 units and has budgeted the following: net income $220,000, variable costs $994,000, and fixed costs $106,000. It has invested assets of $1,100,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Markup percentage Click if you would like to show Work for this question: Open Show Work
x Your answer is incorrect. Try again. The South Division of Bramble Company reported the following...
x Your answer is incorrect. Try again. The South Division of Bramble Company reported the following data for the current year. Sales Variable costs Controllable fixed costs Average operating assets $3,050,000 2,013,000 610,000 5,000,000 Top management is unhappy with the investment center's return on investment (ROI). It asks the manager of the South Division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the following independent courses of action. 1. Increase...
Question 6 X Your answer is incorrect. Try again. If we increase the inductance in an...
Question 6 X Your answer is incorrect. Try again. If we increase the inductance in an RL circuit, what happens to the time required for the current to reach, say, 50% of its final value after the battery is connected? The time is decreased. O The time is increased. O The time is the same. Click if you would like to Show Work for this question: Open Show Work
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-7 Your answer is incorrect. Try again....
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-7 Your answer is incorrect. Try again. NoFly Corporation sells three different models of a mosquito "zapper" Model A12 sells for $61 and has variable costs of $44. Model 822 sells for $107 and has variable costs of $73. Model C124 sells for $403 and has variable costs of $306. The sales mix of the three models is A12, 58 % ; 822, 25 % ; and C124, 17 % What...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs Sales $2,064,000 Selling expenses-variable $70,000 45,000 Direct materials 440,000 Selling expenses-fixed 300,000 Administrative expenses-variable Administrative expenses-fixed Direct labor 68,400 Manufacturing overhead-variable Manufacturing overhead-fixed 360,000 52,000 637,400 Your answer is partially correct. Try again Prepare a CVP income statement for 2017...
for the quarter ended march 31, 2017 x Your answer is incorrect. Try again. For the...
for
the quarter ended march 31, 2017
x Your answer is incorrect. Try again. For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $320,200 budget: 1323,800 actual Prepare a static budget report for the quarter CROIX COMPANY Sales Budget Report For the Quarter Ended March 31, 2017 Actual Difference Product Une Budget Guitar: The Edge T Click If you would like to Show Work for this question: Open Show...
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the...
For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the required sales in dollars that are needed to achieve management’s target operating income of $83,100. (Use the contribution margin approach.)
For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net income goal is $67,000. Compute the required sales in dollars needed to achieve management's target net income of $67,000. (Use the contribution margin approach.) Required sales $
Brief Exercise 21-05 x Your answer is incorrect. Try again. During the current year, Chudrick Corporation expects to produce 11,000 units and has budgeted the following: net income $220,000, variable costs $994,000, and fixed costs $106,000. It has invested assets of $1,100,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Markup percentage Click if you would like to show Work for this question: Open Show Work
x Your answer is incorrect. Try again. The South Division of Bramble Company reported the following data for the current year. Sales Variable costs Controllable fixed costs Average operating assets $3,050,000 2,013,000 610,000 5,000,000 Top management is unhappy with the investment center's return on investment (ROI). It asks the manager of the South Division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the following independent courses of action. 1. Increase...
Question 6 X Your answer is incorrect. Try again. If we increase the inductance in an RL circuit, what happens to the time required for the current to reach, say, 50% of its final value after the battery is connected? The time is decreased. O The time is increased. O The time is the same. Click if you would like to Show Work for this question: Open Show Work
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-7 Your answer is incorrect. Try again. NoFly Corporation sells three different models of a mosquito "zapper" Model A12 sells for $61 and has variable costs of $44. Model 822 sells for $107 and has variable costs of $73. Model C124 sells for $403 and has variable costs of $306. The sales mix of the three models is A12, 58 % ; 822, 25 % ; and C124, 17 % What...
Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 90 cents per bottle. For the year 2017, management estimates the following revenues and costs Sales $2,064,000 Selling expenses-variable $70,000 45,000 Direct materials 440,000 Selling expenses-fixed 300,000 Administrative expenses-variable Administrative expenses-fixed Direct labor 68,400 Manufacturing overhead-variable Manufacturing overhead-fixed 360,000 52,000 637,400 Your answer is partially correct. Try again Prepare a CVP income statement for 2017...
for
the quarter ended march 31, 2017
x Your answer is incorrect. Try again. For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $320,200 budget: 1323,800 actual Prepare a static budget report for the quarter CROIX COMPANY Sales Budget Report For the Quarter Ended March 31, 2017 Actual Difference Product Une Budget Guitar: The Edge T Click If you would like to Show Work for this question: Open Show...
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