Waterproof Roofing Company has provided the following information: Sales revenue $778,000 Variable costs 505,000 Fixed costs...
Waterproof Roofing Company has provided the following information:
|
Sales revenue |
$778,000 |
|
Variable costs |
505,000 |
|
Fixed costs |
212,000 |
Which of the following statements is true, if the sales volume increases by
10%?
A.Contribution margin will increase by
$77,800.
B.Fixed expenses will increase by
$21,200.
C.Operating income will increase by
$50,500.
D.Operating income will increase by
$27,300.
Please show work.
Homework Answers
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Waterproof Roofing Company has provided the following
information:
Sales revenue
$778,000
Variable costs
505,000
Fixed costs...
sales revenue 780,000 variable costs 507,000 fixed costs 218,000 which of the following statements is true...
sales revenue 780,000 variable costs 507,000 fixed costs 218,000 which of the following statements is true of the false volume increases by 14%. A. Operating income will increase by $38,220 B. Operating income will increase by $ 70,980 C. Fixed assets will increase by $30,520
QUESTION 15 Assume Monopoly Corporation provided the following forecasted contribution margin style income statement: Revenue Variable...
QUESTION 15 Assume Monopoly Corporation provided the following forecasted contribution margin style income statement: Revenue Variable Costs Contribution Margin $ 500,000 (240,000) 260,000 (100,000) 160,000 Fixed Costs Net Income If Monopoly Corporation's sales volume increases by 20%, what will their new net income be? A. 202,000 B.212,000 C.260,000 D. 192,000
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs...
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating...
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2%
show clear working Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed...
show clear working
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2% Hang Ten produces sport socks. The company has fixed expenses of $90,000 and variable expenses of $0.90 per package. Each package...
Gibson Company has provided the following Year 2 data. Budget $514,000 200,000 41,000 Sales Variable product costs Vari...
Gibson Company has provided the following Year 2 data. Budget $514,000 200,000 41,000 Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses 3,200 15,800 23,500 1,400 Interest expense 760 Variances Sales 7,900 U Variable product costs Variable selling expense 4,300 F 2,200 U 2,000 U Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses 250 F 440 F 150 U Interest expense 120 F Required a. &...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Percent Per Unit of Sales $ 90 100% 63 $ 27 308 70 Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Exercise 5-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following information...
Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 120 78 $ 42 Percent of Sales 100x 65 35% Fixed expenses are $84,000 per month and the company is selling 2,600 units per month. Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
Required information Exercise 2-5 (Algo) Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO2-4]...
Required information Exercise 2-5 (Algo) Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO2-4] [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Per Unit $ 75 Percent of Sales 100% 68 Selling price Variable expenses Contribution margin 51 $ 24 32% Fixed expenses are $75,000 per month and the company is selling 4,000 units per month. Exercise 2-5 (Algo) Part 1 Required: 1-a. How much will net operating income increase...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO5-4] [The following information...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO5-4] [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Per Unit Percent of Sales Selling price $ 135 100 % Variable expenses 81 60 Contribution margin $ 54 40 % Fixed expenses are $87,000 per month and the company is selling 2,900 units per month. Garrison 16e Rechecks 2017-05-02 Exercise 5-5 Part 1 Required: 1-a. How much will net operating...
QUESTION 15 Assume Monopoly Corporation provided the following forecasted contribution margin style income statement: Revenue Variable Costs Contribution Margin $ 500,000 (240,000) 260,000 (100,000) 160,000 Fixed Costs Net Income If Monopoly Corporation's sales volume increases by 20%, what will their new net income be? A. 202,000 B.212,000 C.260,000 D. 192,000
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2%
show clear working
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2% Hang Ten produces sport socks. The company has fixed expenses of $90,000 and variable expenses of $0.90 per package. Each package...
Gibson Company has provided the following Year 2 data. Budget $514,000 200,000 41,000 Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses 3,200 15,800 23,500 1,400 Interest expense 760 Variances Sales 7,900 U Variable product costs Variable selling expense 4,300 F 2,200 U 2,000 U Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses 250 F 440 F 150 U Interest expense 120 F Required a. &...
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (LO5-4] [The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Percent Per Unit of Sales $ 90 100% 63 $ 27 308 70 Fixed expenses are $30,000 per month and the company is selling 2,000 units per month. Exercise 5-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
Exercise 6-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume (L06-4) [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 120 78 $ 42 Percent of Sales 100x 65 35% Fixed expenses are $84,000 per month and the company is selling 2,600 units per month. Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if...
Required information Exercise 2-5 (Algo) Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO2-4] [The following information applies to the questions displayed below.) Data for Hermann Corporation are shown below: Per Unit $ 75 Percent of Sales 100% 68 Selling price Variable expenses Contribution margin 51 $ 24 32% Fixed expenses are $75,000 per month and the company is selling 4,000 units per month. Exercise 2-5 (Algo) Part 1 Required: 1-a. How much will net operating income increase...
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