A company with monthly revenue of $126,000, variable costs of $51,500, and fixed costs of $40,600...
A company with monthly revenue of $126,000, variable costs of $51,500, and fixed costs of $40,600 has a contribution margin of:
Multiple Choice
-
$85,400.
-
$126,000.
-
$37,250.
-
$74,500.
Homework Answers
Answer
--Contribution margin = Revenue - Variable cost
= $ 126000 - 51500
= $ 74,500
--Correct Answer = Option #4: $ 74,500
Add Answer to:
A company with monthly
revenue of $126,000, variable costs of $51,500, and fixed costs of
$40,600...
A company with monthly revenue of $124,000, variable costs of $51,000, and fixed costs of $40,400...
A company with monthly revenue of $124,000, variable costs of $51,000, and fixed costs of $40,400 has a contribution margin of: Multiple Choice $124,000. $36,500. $73,000. $83,600
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
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling...
5 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $274,000 93,000 67,000 38,000 33,000 What is this company's contribution margin? Multiple Choice o $43.000 $76.000 5114000 $143.000 6 Sales revenue (1,700 units * $19.20 per unit) Cost of goods sold (variable; 1,700 units x $9.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (1,700 units * $1.20 per unit) Net income $ 32,640 (15,640) (3,200)...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to...
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be: Multiple Choice 30% 60%, 40%. IO%. 70%.
Units: Contribution Margin Fixed Costs Operating Income Sales Revenue Variable Costs SafeNow sells its main product,...
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
A small firm has monthly revenue of $20,000, variable costs of $21,000, and fixed costs of...
A small firm has monthly revenue of $20,000, variable costs of $21,000, and fixed costs of $2,000. The firm's profit is and it shut down. O -$1,000; should O-$3,000; should not O-$1,000; should not -$3,000; should
A small firm has monthly revenue of $15,000, variable costs of $12,000, and fixed costs of...
A small firm has monthly revenue of $15,000, variable costs of $12,000, and fixed costs of $5,000. The firm's profit is and it shut down. O-$2,000; should O -$3,000; should O $2,000; should not O $3.000, should not
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000,...
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $4,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? Multiple Choice
Rose Corp, has contribution margin of $78,100, variable costs of $11.00 per unit, and fixed costs...
Rose Corp, has contribution margin of $78,100, variable costs of $11.00 per unit, and fixed costs of $38,000. If Rose sells 11,000 units, what was the selling price per unit? Multiple Choice o o o o
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
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Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be: Multiple Choice 30% 60%, 40%. IO%. 70%.
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
A small firm has monthly revenue of $20,000, variable costs of $21,000, and fixed costs of $2,000. The firm's profit is and it shut down. O -$1,000; should O-$3,000; should not O-$1,000; should not -$3,000; should
A small firm has monthly revenue of $15,000, variable costs of $12,000, and fixed costs of $5,000. The firm's profit is and it shut down. O-$2,000; should O -$3,000; should O $2,000; should not O $3.000, should not
At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of $5,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $4,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? Multiple Choice
Rose Corp, has contribution margin of $78,100, variable costs of $11.00 per unit, and fixed costs of $38,000. If Rose sells 11,000 units, what was the selling price per unit? Multiple Choice o o o o
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