Serfass Corporation's contribution format income statement for July appears below: Sales $ 307,800 Variable expenses 153,900...
Serfass Corporation's contribution format income statement for July appears below:
| Sales | $ | 307,800 |
| Variable expenses | 153,900 | |
| Contribution margin | 153,900 | |
| Fixed expenses | 40,010 | |
| Net operating income | $ | 113,890 |
The degree of operating leverage is closest to:
Multiple Choice
-
0.37
-
0.74
-
2.00
-
1.35
Homework Answers
| Contribution margin | 153900 |
| Divide by Net operating income | 113890 |
| Degree of operating leverage | 1.35 |
| Option D 1.35 is correct |
Add Answer to:
Serfass Corporation's
contribution format income statement for July appears below:
Sales
$
307,800
Variable
expenses
153,900...
Serfass Corporation's contribution format income statement for July appears below. Sales Variable expenses Contribution margin Fixed...
Serfass Corporation's contribution format income statement for July appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income $327,700 180,235 147,465 66,360 $ 81,105 The degree of operating leverage is closest to Multiple Choice
Serfass Corporation's contribution format income statement for July appears below: Sales $ 425,500 Variable expenses 234,025...
Serfass Corporation's contribution format income statement for July appears below: Sales $ 425,500 Variable expenses 234,025 Contribution margin 191,475 Fixed expenses 59,360 Net operating income $ 132,115 The degree of operating leverage is closest to: Multiple Choice 0.31 1.45 0.69 2.22
Serfass Corporation's contribution format income statement for July appears below: Sales $353,800 Variable expenses 194,590 Contribution...
Serfass Corporation's contribution format income statement for July appears below: Sales $353,800 Variable expenses 194,590 Contribution margin 159, 210 Fixed expenses 65,280 Net operating income $93,930 The degree of operating leverage is closest to: The degree of operating leverage is closest to: Multiple Cholce 0.27 0.59 222 1.69
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed...
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,000 147,600 221,400 55,350 $166,050 The degree of operating leverage is closest to: Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable expenses of $10,780. Product X96N had sales of $44,000 and variable expenses of $18,470. The fixed expenses of the entire company were $46,060. The break-even point for...
Saved Data concerning Follick Corporation's single product appear below Selling price per unit variable expense per...
Saved Data concerning Follick Corporation's single product appear below Selling price per unit variable expense per unit Fixed expense per month s 180.00 68.40 $130,200 The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $210,000 $289,800 $130,200 $420,000 Cubie Corporation has provided the following data concerning its only product Selling price Current sales Break-even sales s 111 per unit 9,500 units 8,170 units What is the margin of safety in...
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Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating Income in a month when sales are $144,000? Multiple Choice Ο Ο 586,400 Ο Ο 58, Ο 535,400 Ο Ο $93,000 Serfass Corporation's contribution format Income statement for July appears below. Sales $369,000 Variable expenses 147, 600 Contribution margin 221,400 Fixed expenses 55, 350 Net operating income...
The following is Allison Corporation's contribution format income statement for last month: Sales: $900,000 Variable Expenses:...
The following is Allison Corporation's contribution format income statement for last month: Sales: $900,000 Variable Expenses: $600,000 Contribution Margin: $300,000 Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 15,000 units last month. What is the Company's degree of operating leverage? Oo oo A Moving to another question will save this response.
Wright Corporation's contribution format Income statement for last month appears below. Sales Variable expenses Contribution margin...
Wright Corporation's contribution format Income statement for last month appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 87,000 35.400 51.600 16.200 $ 35,400 There were no beginning or ending Inventories. The company produced and sold 3,000 units during the month. The company has an opportunity to secure a special order of 870 units If It is willing to drop the selling price on these units to $27. Costs of securing the special order would be...
A Corporation has provided its contribution format income statement for August Sales $863,300 Variable expenses 424,200...
A Corporation has provided its contribution format income statement for August Sales $863,300 Variable expenses 424,200 Contribution margin 436,100 Fixed expenses 352,400 net operating income $83,700 a. Compute the degree of operating leverage to two decimal places. b. Using the degree of operating leverage, estimate the percentage in net operating income that should result from a 14% increase in sales.
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable...
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable expenses _800.000 Contribution margin 400,000 Fixed expenses 300,000 Net operating income $100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: a. What is the company's contribution margin ratio? b. What is the company's break-even in units? c. If sales increase by 100 units, by how much should net operating income increase? d. How many...
Serfass Corporation's contribution format income statement for July appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income $327,700 180,235 147,465 66,360 $ 81,105 The degree of operating leverage is closest to Multiple Choice
Serfass Corporation's contribution format income statement for July appears below: Sales $353,800 Variable expenses 194,590 Contribution margin 159, 210 Fixed expenses 65,280 Net operating income $93,930 The degree of operating leverage is closest to: The degree of operating leverage is closest to: Multiple Cholce 0.27 0.59 222 1.69
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,000 147,600 221,400 55,350 $166,050 The degree of operating leverage is closest to: Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable expenses of $10,780. Product X96N had sales of $44,000 and variable expenses of $18,470. The fixed expenses of the entire company were $46,060. The break-even point for...
Saved Data concerning Follick Corporation's single product appear below Selling price per unit variable expense per unit Fixed expense per month s 180.00 68.40 $130,200 The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $210,000 $289,800 $130,200 $420,000 Cubie Corporation has provided the following data concerning its only product Selling price Current sales Break-even sales s 111 per unit 9,500 units 8,170 units What is the margin of safety in...
Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $51,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating Income in a month when sales are $144,000? Multiple Choice Ο Ο 586,400 Ο Ο 58, Ο 535,400 Ο Ο $93,000 Serfass Corporation's contribution format Income statement for July appears below. Sales $369,000 Variable expenses 147, 600 Contribution margin 221,400 Fixed expenses 55, 350 Net operating income...
The following is Allison Corporation's contribution format income statement for last month: Sales: $900,000 Variable Expenses: $600,000 Contribution Margin: $300,000 Fixed Expenses: $150,000 Net Operating Income: $ ?????? The company has no beginning or ending inventories. The company produced and sold 15,000 units last month. What is the Company's degree of operating leverage? Oo oo A Moving to another question will save this response.
Wright Corporation's contribution format Income statement for last month appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 87,000 35.400 51.600 16.200 $ 35,400 There were no beginning or ending Inventories. The company produced and sold 3,000 units during the month. The company has an opportunity to secure a special order of 870 units If It is willing to drop the selling price on these units to $27. Costs of securing the special order would be...
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable expenses _800.000 Contribution margin 400,000 Fixed expenses 300,000 Net operating income $100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: a. What is the company's contribution margin ratio? b. What is the company's break-even in units? c. If sales increase by 100 units, by how much should net operating income increase? d. How many...
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