![Exercise 5-4 Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold 41,000 units, total sales](http://img.homeworklib.com/questions/b21162b0-750d-11ea-99d8-23281a8087a1.png?x-oss-process=image/resize,w_560)
Homework Answers
Contribution margin=Sales-Variable cost
=(318,000-225780)=$92,220
a.Contribution margin ratio=Contribution margin/Sales
(92,220/318,000)=29%
b.Change in net operating income=Increase in net operating income=Increase in sales*Contribution margin ratio
=1300*29%=$377.
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Exercise 5-4 Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold...
mework Required Saved Exercise 5-4 Computing and Using the CM Ratio (LO5-3) Last month when Holiday...
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...
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 (LO 5-3) Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $282,000, total variable expenses were $236,880, and fixed expenses were $35,900. 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 $1,500. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $313,000, total variable expenses...
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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. 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
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Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 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 $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. 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...
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Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $313,000, total variable expenses were $222,230, and fixed expenses were $36,400. 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 $1.2002 (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $319,000, total variable expenses were $252,010, and fixed expenses were $38,000. 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 $3,000? (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 $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. 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 $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $164,000, total variable expenses were $126.280, and fixed expenses were $38,100. 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 sales volume by 575 units and total sales by $2,300? (Do not round intermediate calculations.) Answer is complete but not entirely correct. 1 23 Contribution margin ratio Estimated change in net...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $39.400. 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 $1.200? (Do not round Intermediate calculations.) Answer is complete but not entirely correct. 15 Contribution margin ratio Estimated change in net operating income 10 E
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
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 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 $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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