Homework Answers
| 22 | |
| Net Operating income | 2000 |
| Add: Fixed cost | 1000 |
| Contribution margin | 3000 |
| Sales revenue | 5000 |
| Less:Contribution margin | 3000 |
| Variable cost | 2000 |
| Option C $2,000 is correct |
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Question 22 1 pts If the sales revenue is $5,000, fixed cost is $1,000, and net...
If the contribution margin is $5,000, variable cost is $4,000, and net operating income is $2,000,...
If the contribution margin is $5,000, variable cost is $4,000, and net operating income is $2,000, what is the fixed cost? $9,000 $1,000 $3,000 $7,000
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $1,000,...
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $1,000, and total fixed costs are $2,000 (no data on units). a) Compute the contribution margin ratio: CMR b) Write down the CVP relation (version 2): profit as a function of sales revenue. Profit = * Revenue - (e.g., if profit = 0.1*Revenue-500, enter 0.1 in the first box and 500 in the second box). c) Predict profit at sales revenue of $10,000: d) Your...
Crowder's Quilts Income Statement For 2005 Sales Revenue (250 @ $600 per unit) Cost of Goods...
Crowder's Quilts Income Statement For 2005 Sales Revenue (250 @ $600 per unit) Cost of Goods Sold: Variable (250 @ $300 per unit) Fixed Gross Margin Sales Commissions (250 @ $20) Depreciation Net Income $150,000 (75,000) ( 8,000 67,000 ( 5,000) ( 1,000) $ 61.000 17. Food The magnitude of Crowder's operating leverage is approximately (round to nearest hundredth): 1.09. 1.15. 0.87 1.22.
OSLO COMPANY PREPARED THE FOLLOWING CONTRIBUTION FORMAT INCOME STATEMENT BASED ON A SALES VOLUME OF 1,000...
OSLO COMPANY PREPARED THE FOLLOWING CONTRIBUTION FORMAT INCOME STATEMENT BASED ON A SALES VOLUME OF 1,000 UNITS THE RELEVANT RANGE OF PRODUCTION OF 500 UNITS TO 1500 UNITS): SALES: $20,000 VARIABLE EXPENSES 12,000 CONTRIBUTION MARGIN 8,000 FIXED EXPENSES 6,000 NET OPERATING INCOME 2,000 SHOW ALL WORK 1. IF THE VARIABLE COST PER UNIT INCREASES BY $1, SPENDING ON ADVERTISING INCREASES BY $1,500, AND UNIT SALES INCREASE BY 250 UNITS, WHAT WOULD BE NET OPERATING INCOME? 2. WHAT IS THE BREAK...
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost...
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost (AFC) [Choose Average Total Cost (ATC) [Choose] Average Variable Cost (AVC) (Choose] Fixed Cost (FC) [Choose] Price (P) (Choose] Profit (IT) [Choose Quantity (0) [Choose] Total Cost (TC) Average Fixed CostxQ Total Revenue (TR) [Choose] Variable Cost (VC) Question 23 ✓ Choose ] Total Revenue - Fixed Cost - Variable Cost ATC - AFC AFC + AVC Price x Quantity Total Revenue - Price...
This information is for a volume of 5,000 units. Sales Revenue
This information is for a volume of 5,000 units. Sales Revenue $160,000 Variable Costs ( 70,000) Contribution Margin $ 90,000 Fixed Costs (10,000) Net Income $ 80,000 Using the information above, answer the following questions and show all your calculations: c) Would this company benefit if it increased fixed costs by $4,000 and decreased variable costs by 5%? Show your calculations to support your response. d) Calculate the degree of operating leverage for this company, using the original information....
OSLO COMPANY PREPARED THE FOLLOWING CONTRIBUTION FORMAT INCOME STATEMENT BASED ON SALES VOLUME OF $1,000 UNITS...
OSLO COMPANY PREPARED THE FOLLOWING CONTRIBUTION FORMAT INCOME STATEMENT BASED ON SALES VOLUME OF $1,000 UNITS ( THE RELEVANT RANGE OF PRODUCTION IS 500 UNITES TO 1500 UNITS. SALES $20,000 VARIABLE EXPENSES $12,000 CONTRIBUTION MARGIN $8,000 FIXED EXPNSES $6,000 NET OPERATING INCOME $2,000 1. WHAT IS THE CONTRIBUTION MARGIN PER UNIT? 2. WHAT IS THE CONTRIBUTION MARGIN RATIO? 3. WHAT IS THE VARIABLE EXPENSE RATIO? 4. IF SALES INCREASE TO 1,001 UNITS, WHAT WOULD BE THE INCREASE IN NET OPERATING...
t accounts recelvable at their net realizable value? 43) What does it mean to repor 44) For each company, calculate the missing amount. Sales Cost of Goods Gross ProfitOperating Net Income Expens...
t accounts recelvable at their net realizable value? 43) What does it mean to repor 44) For each company, calculate the missing amount. Sales Cost of Goods Gross ProfitOperating Net Income Expenses Sold $1,000 4,000 2,000 $3,000 $8,000 9,000 8,000 8,000 $4,000 Lennon 2,000 3,000 3,000 3,000 Harrison McCartney Starr 5,000 3,000 5,000 45) Beasley Inc., reports the following amounts in its December 31, 2018, income statement Sales Income tax revenue $300,000 expense Interest expense12,000 sold Salaries expense $38,000 Cost...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle cost Net Profit - Sales Revenue - Total cost Scenario #1 Scenario #2 Retailer Revenue Diane's Delicious Donuts... Quantity Sold 25,000 30,000 Complete the table. Price $ 1.50 $ 1.50 Total Retailer Revenue 133500145 000 Which scenario would you Consumer Revenue Quantity Sold 10,000 20,000 recommend? Price $ 1.75 $ 1.75 Total Consumer Revenue 3175 00 335 ODO Total Revenue Total Fixed Cost $...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to1,500 units): Sales.. $20,000 Variable expenses.. 12,000 Contribution margin.. $8,000 Fixed expenses.. 6,000 Net operating income.. $2,000 Required: (Answer each question independently and always refer to the original data unless instructed otherwise.) 1. What is the contribution margin per unit? 2. What Is the contribution margin ratio? 3. What is the variable expense ratio? 4. If sales increase to 1,001 units, what would be the increase in net operating income? 5. If...
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $1,000, and total fixed costs are $2,000 (no data on units). a) Compute the contribution margin ratio: CMR b) Write down the CVP relation (version 2): profit as a function of sales revenue. Profit = * Revenue - (e.g., if profit = 0.1*Revenue-500, enter 0.1 in the first box and 500 in the second box). c) Predict profit at sales revenue of $10,000: d) Your...
Crowder's Quilts Income Statement For 2005 Sales Revenue (250 @ $600 per unit) Cost of Goods Sold: Variable (250 @ $300 per unit) Fixed Gross Margin Sales Commissions (250 @ $20) Depreciation Net Income $150,000 (75,000) ( 8,000 67,000 ( 5,000) ( 1,000) $ 61.000 17. Food The magnitude of Crowder's operating leverage is approximately (round to nearest hundredth): 1.09. 1.15. 0.87 1.22.
pba.instructure. D Question 22 2 pts Match the variable to its correct equation. Average Fixed Cost (AFC) [Choose Average Total Cost (ATC) [Choose] Average Variable Cost (AVC) (Choose] Fixed Cost (FC) [Choose] Price (P) (Choose] Profit (IT) [Choose Quantity (0) [Choose] Total Cost (TC) Average Fixed CostxQ Total Revenue (TR) [Choose] Variable Cost (VC) Question 23 ✓ Choose ] Total Revenue - Fixed Cost - Variable Cost ATC - AFC AFC + AVC Price x Quantity Total Revenue - Price...
t accounts recelvable at their net realizable value? 43) What does it mean to repor 44) For each company, calculate the missing amount. Sales Cost of Goods Gross ProfitOperating Net Income Expenses Sold $1,000 4,000 2,000 $3,000 $8,000 9,000 8,000 8,000 $4,000 Lennon 2,000 3,000 3,000 3,000 Harrison McCartney Starr 5,000 3,000 5,000 45) Beasley Inc., reports the following amounts in its December 31, 2018, income statement Sales Income tax revenue $300,000 expense Interest expense12,000 sold Salaries expense $38,000 Cost...
Sales Revenue - Quantity sold & Selling price Total Cost - Fixed cost + Total warsalle cost Net Profit - Sales Revenue - Total cost Scenario #1 Scenario #2 Retailer Revenue Diane's Delicious Donuts... Quantity Sold 25,000 30,000 Complete the table. Price $ 1.50 $ 1.50 Total Retailer Revenue 133500145 000 Which scenario would you Consumer Revenue Quantity Sold 10,000 20,000 recommend? Price $ 1.75 $ 1.75 Total Consumer Revenue 3175 00 335 ODO Total Revenue Total Fixed Cost $...
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