Whammo’s income statement is as follows:
Sales (10,000 units) |
$90,000 |
Less variable costs |
- 38,000 |
Contribution margin |
$52,000 |
Less fixed costs |
- 24,000 |
Net income |
$ 28,000 |
If sales volume increases by 10%, profits will:
Whammo’s income statement is as follows: Sales (10,000 units) $90,000 Less variable costs - 38,000 Contribution...
c) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $175,000 - 68,000 $107.000 - 36.000 $ 71.000 If sales decrease by $35,000, profits will (Points 2.0): d) Hanna's income statement is as follows: Sales (10,000 units) Less variable costs Contribution margin Less fixed costs Net income $117,000 - 68,000 $49,000 - 36.000 $ 13,000 What is the break-even point in units and in sales dollars? (Points 1.0): e) Using...
QUESTION 23 Herman's income statement is as follows: Sales (4,000 units) Less Variable Costs Contribution Margin $75,000 (24,000) $51,000 Less fixed costs (12,000) Net Income $39,000 What is the unit contribution margin? $10.20 $12.00 $9.75 $12.75
Wesley’s contribution margin income statement is as follows: Sales (10,000 units) $150,000 Less variable COGS - 40,000 Less variable selling cost - 8,000 Contribution margin $102,000 Less fixed COGS - 18,000 Less fixed selling cost - 6,000 Net income $ 78,000 What GROSS MARGIN would appear on a TRADITIONAL income statement?
QUESTION 12 Herman's income statement is as follows: Sales (4,000 units) Less Variable Costs Contribution Margin $75,000 (24,000) $51,000 Less fixed costs (12,000) Net Income $39,000 If sales increase by 1,000 units, profit will increase by: $10,200 $5,000 $12,750 $9,750
Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000 Per Unit $12 Contribution margin 196.000 $ Less: Fixed expenses 21,000 Net income $175,000 Required: 1. Prepare a new income statement if the sales volume increases by 25%, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net income 2. Prepare a new income statement if...
Zeta Corp's most recent income statement is given below. Sales (8,000 units) Less variable expenses Contribution margin Less fixed expenses Net income $160,000 (68,000) 92,000 (50,000) $ 42,000 Required: a. Contribution margin % per unit is b. If sales are doubled to $240,000, total variable costs will equal C. If sales are doubled to $240,000, total fixed costs will equal d. If 20 more units are sold, profits will increase to
The following is Alsatian Corporation’s contribution format income statement from last month: Sales(2000 units x $70) $140,000 Less: Variable Costs 84,000Contribution Margin 56,000Less: Fixed Expenses 24,000Operating Income $32,000The company has no beginning or ending inventories and produced and sold 2,000 units during the month. Required:A/ What is the company’s break-even sales in $(2) B/ If the sales volume increases by 10% and variable costs/unit decreases by $2.00, what will the new operating income be? Produce a...
Miller Company's most recent income statement follows: Sales (16,000 units) . Less: Variable expenses 20 $320,000 160.000 Contribution margin 160,000 $10 Less Fixed expenses 63,000 Net income $ 97 000 Required: 1. Prepare a new income statement if the sales volume increases by 30, $, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per llnit Sales 2. Prepare a new income statement if the selling price decreases by $2.5 per unit, and...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 80,000 Variable expenses 52,000 Contribution margin 28,000 Fixed expenses 21,840 Net operating income $ 6,160 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income? 7. If the variable cost per unit increases by $1,...
E20-9 Uller Company's most recent contribution margin format income statement follows: Sales (20,000 units) Less: Variable expenses Contribution margin Less: Fixed expenses I Profit Total $300,000 180,000 120,000 70,000 $50,000 Per Unit $15.00 9.00 $ 6.00 Management is considering the following independent action to increase profit: 1. Increase selling price by 15% with no change in total variable costs. 2. Reduce variable costs to 50% of sales. 3. Reduce fixed costs by $20,000. Instructions Calculate the profit to be earned...