Homework Answers
Total contribution margin = $282,000 - $236,880 = $45,120
Contribution margin ratio = $45,120 / $282,000 = 16%
Changes in net operating income = $1,500 X 16% = $240
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Exercise 5-4 Computing and Using the CM Ratio (LO 5-3) Last month when Holiday Creations, Inc.,...
Exercise 5-4 Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold...
Exercise 5-4 Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $318,000, total variable expenses were $225,780, and fixed expenses were $40,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,300? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
mework Required Saved Exercise 5-4 Computing and Using the CM Ratio (LO5-3) Last month when Holiday...
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Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
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Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $2 85,000, total variable...
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Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
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Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Exercise 5-4 Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $318,000, total variable expenses were $225,780, and fixed expenses were $40,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,300? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
mework Required Saved Exercise 5-4 Computing and Using the CM Ratio (LO5-3) Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $313,000, total variable expenses were $222,230, and fixed expenses were $39,700. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,900? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $36,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,500? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2 Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $2 85,000, total variable expenses were $216,600, and fixed expenses were $39,700. Required 1. What is the company's contribution margin (CM) ratio? ribution margin ratio 2 Estimate the change in the company's net operating income if it were to increase its total sales by $1,000
Last month when Holiday Creations, Inc., sold 45,000 unints, total sales were $296,000, total variable expenses were $236,800, and fixed expenses were $36,000 Required 1 What is the company's contribution margin (CM) ratio? ratio 2 Estimate the change in the company's net operating income ir t were to increase its total sales by $2,700
Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
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