Homework Answers
Its TRUE
Break Even Point( in Units) = Fixed cost/Contribution margin per unit
Contribution margin per unit = Selling price per unit - variable cost per unit
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H-Cap3,5 The break-even point in units can be obtained by dividing total fixed...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
TRUE/FALSE Write 'T' if the statement is true and 'F' if the statement is false. 1)...
TRUE/FALSE Write 'T' if the statement is true and 'F' if the statement is false. 1) The degree of operating leverage in a company is smallest at the break-even point and increases as sales rise. _______ 2) The break-even point in units can be obtained by dividing the unit contribution margin by the total fixed expenses. _______ 3) An increase in the number of units sold will decrease a company's break-even point. _______ 4) The margin of safety is the...
1. Determine the break-even point. 2 Compute the margin of safety and explain its significance. 3....
1. Determine the break-even point. 2 Compute the margin of safety and explain its significance. 3. Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income 5.3 CVP Analysis - Excel Given the following information complete a Cve analysis 2 for JPL, Inc.: 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 11,200 units S75 per unit...
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie...
Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $101 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $464,000, and fixed selling and administrative costs are $256,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: Use the equation method....
Excel SIM: CVP Analysis 1. Determine the break-even point. 2. Compute the margin of safety and...
Excel SIM: CVP Analysis 1. Determine the break-even point. 2. Compute the margin of safety and explain its significance 3. Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income. 35 CVP Analysis Excel FORMULAS DATA INSERT PAGE LAYOUT REVIEW Sign In A Alignment Number Edang Conditional Formatas Cell Formatting Table Styles Styles Given the following information complete a CVP analysis Given the following...
break even point and balance sheet Freak-Even Point in Units Instructions Instructions Head-First Company plans to...
break even point and balance sheet
Freak-Even Point in Units Instructions Instructions Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year. Unit variable cost is $47 (includes direct materials, direct labor, variable factory overhead, and variable selling expense) Total fixed cost equals $55,440 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the break-even nuraber of helmets. 2. Check your answer by preparing a contribution margin income statement based on...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
EXERCISES: Set A (continued) 30. Break-Even Point and Target Profit Measured in Units (Multiple Products a....
EXERCISES: Set A (continued) 30. Break-Even Point and Target Profit Measured in Units (Multiple Products a. Start by calculating the contribution margin for each product Sweater contribution margin- Jacket contribution margin- per unit per unit Then, calculate the weighted average contribution margin per unit: Weighted average contribution margin per unit = ) + ( b. The break-even point in units is calculated as: c. Break-even point in units for each product is: Sweater Jacket Total units (= units (= units...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio...
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative...
QUESTION 18 At the break-even point, total contribution margin equals total fixed expenses. O True O False QUESTION 19 Providing legal advice to the president of the company concerning a possible merger would be considered a: unit level activity batch level activity organization sustaining activity customer level activity QUESTION 20 The margin of safety in dollars equals the excess of budgeted (or actual) sales dollars over the break-even level of sales dollars True False
1. Determine the break-even point. 2 Compute the margin of safety and explain its significance. 3. Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income 5.3 CVP Analysis - Excel Given the following information complete a Cve analysis 2 for JPL, Inc.: 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 11,200 units S75 per unit...
Excel SIM: CVP Analysis 1. Determine the break-even point. 2. Compute the margin of safety and explain its significance 3. Compute the degree of operating leverage at a particular level of sales and explain how it can be used to predict changes in net operating income. 35 CVP Analysis Excel FORMULAS DATA INSERT PAGE LAYOUT REVIEW Sign In A Alignment Number Edang Conditional Formatas Cell Formatting Table Styles Styles Given the following information complete a CVP analysis Given the following...
break even point and balance sheet
Freak-Even Point in Units Instructions Instructions Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year. Unit variable cost is $47 (includes direct materials, direct labor, variable factory overhead, and variable selling expense) Total fixed cost equals $55,440 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the break-even nuraber of helmets. 2. Check your answer by preparing a contribution margin income statement based on...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
EXERCISES: Set A (continued) 30. Break-Even Point and Target Profit Measured in Units (Multiple Products a. Start by calculating the contribution margin for each product Sweater contribution margin- Jacket contribution margin- per unit per unit Then, calculate the weighted average contribution margin per unit: Weighted average contribution margin per unit = ) + ( b. The break-even point in units is calculated as: c. Break-even point in units for each product is: Sweater Jacket Total units (= units (= units...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
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