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Exercise 21-4 Predicting sales and variable costs using contrbution margin Cg BlomCmpy mng of 16400inth net...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $255,000 and earn pretax income of $427.500 in the next period. Its expected contribution margin ratio is 65% Required: 1. Compute the amount of total dollar sales 2. Compute the amount of total variable costs Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of total dollar sales....
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $252,000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62% Required: 1. Compute the amount of total dollar sales 2. Compute the amount of total variable costs Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Compute the amount of total dollar...
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable...
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable costs, $1,099,000 of fixed costs, and a pretax income of $329,000 in the next period. Management also predicts that the contribution margin per unit will be $21. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: 1 Choose Denominator: Units + Units 0
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
Exercise #5: Margin of Safety and Target Net Income Hakala Corporation makes surfboards that sell for...
Exercise #5: Margin of Safety and Target Net Income Hakala Corporation makes surfboards that sell for $5,600 each. For the upcoming year, management expects fixed costs to total $3,200,000 and variable costs to be $4,200 per unit. Compute the following: (a) break-even point in dollars using the contribution margin ratio, (b) the margin of safety and margin of safety ratio assuming actual sales are $13,824,000, and (c) the sales dollars required to earn net income of $4,100,000.
PA5-4 Predicting predicting Cost Behavior, Calculating Contribution Marain and Contribution Margin Ratio, Calculating Profit asidio, Inc....
PA5-4 Predicting predicting Cost Behavior, Calculating Contribution Marain and Contribution Margin Ratio, Calculating Profit asidio, Inc. produces one model of mountain bike. Partial information for the company LO follows: Cost Data Number of Bikes Produced and Sold 625 800 1,050 $125,000 Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $581.25 Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio...
Exercise 21-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin...
Exercise 21-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin income statement shown below. (Round "Per Unit" answers to 2 decimal places.) Company A Company B $ 2,200 Number of units sold Total Per unit Total Per unit 340,300 $ Sales 83.00 Variable costs 83,600 229,600 Contribution margin 107,800 Fixed costs 41,800 $ 77,900 Net income
Exercise 3.2 I. Assume that variable costs are not controlled and that budgeted costs of sales...
Exercise
3.2 I. Assume that variable costs are not controlled and that
budgeted costs of sales for food and beverage increase to $600,000
and total sales are as budgeted ($1,665.472.20). Calculate profit
for Barnaby's Hideaway. All other costs remain the same. 2.
Calculate the new variable rate and new contribution rate, assuming
the same variable salaries and employee benefits. 3. Calculate the
break-even point for Barnaby's Hideaway using the new contribution
rate. 4. Using the new contribution rate, calculate the...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529.200 Management targets an annual pretax income of $900,000. Assume that fixed costs remain at $529,200 (1) Compute the unit sales to earn the target income Units to achieve target 2) Compute the dollar sales to earn the target income...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $255,000 and earn pretax income of $427.500 in the next period. Its expected contribution margin ratio is 65% Required: 1. Compute the amount of total dollar sales 2. Compute the amount of total variable costs Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of total dollar sales....
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $252,000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62% Required: 1. Compute the amount of total dollar sales 2. Compute the amount of total variable costs Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Compute the amount of total dollar...
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable costs, $1,099,000 of fixed costs, and a pretax income of $329,000 in the next period. Management also predicts that the contribution margin per unit will be $21. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: 1 Choose Denominator: Units + Units 0
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
Exercise #5: Margin of Safety and Target Net Income Hakala Corporation makes surfboards that sell for $5,600 each. For the upcoming year, management expects fixed costs to total $3,200,000 and variable costs to be $4,200 per unit. Compute the following: (a) break-even point in dollars using the contribution margin ratio, (b) the margin of safety and margin of safety ratio assuming actual sales are $13,824,000, and (c) the sales dollars required to earn net income of $4,100,000.
PA5-4 Predicting predicting Cost Behavior, Calculating Contribution Marain and Contribution Margin Ratio, Calculating Profit asidio, Inc. produces one model of mountain bike. Partial information for the company LO follows: Cost Data Number of Bikes Produced and Sold 625 800 1,050 $125,000 Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $581.25 Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio...
Exercise 21-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin income statement shown below. (Round "Per Unit" answers to 2 decimal places.) Company A Company B $ 2,200 Number of units sold Total Per unit Total Per unit 340,300 $ Sales 83.00 Variable costs 83,600 229,600 Contribution margin 107,800 Fixed costs 41,800 $ 77,900 Net income
Exercise
3.2 I. Assume that variable costs are not controlled and that
budgeted costs of sales for food and beverage increase to $600,000
and total sales are as budgeted ($1,665.472.20). Calculate profit
for Barnaby's Hideaway. All other costs remain the same. 2.
Calculate the new variable rate and new contribution rate, assuming
the same variable salaries and employee benefits. 3. Calculate the
break-even point for Barnaby's Hideaway using the new contribution
rate. 4. Using the new contribution rate, calculate the...
Check my work Exercise 21-12 Computing sales to achieve target income LO C2 Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529.200 Management targets an annual pretax income of $900,000. Assume that fixed costs remain at $529,200 (1) Compute the unit sales to earn the target income Units to achieve target 2) Compute the dollar sales to earn the target income...
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