Homework Answers
| Contribution Margin Income Statement | ||
| Sales Revenue | 154000 | |
| Variable Expenses: | ||
| Cost of Goods Sold | 66000 | |
| Operating Expenses | 13200 | 79200 |
| Contribution Margin | 74800 | |
| Fixed Expenses | 8000 | |
| Operating Income | 66800 | |
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P7-65A (similar to) Question Help Home Seating Company is currently selling 2,200 oversized bean bag chairs...
13. Tuffet Seating Company is currently selling 2.500 oversized bean bag chairs a month at a...
13. Tuffet Seating Company is currently selling 2.500 oversized bean bag chairs a month at a price of $76 per chair. The variable cost of each chair sold includes $45 to purchase the bean bag chairs from suppliers and a $7 sales commission. Fixed costs are $7.000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income Read the requirements? Requirement 1. Prepare the company's current contribution margin...
Modest Seating Company is currently selling 1,500 oversized bean bag chairs a month at a price...
Modest Seating Company is currently selling 1,500 oversized bean
bag chairs a month at a price of $78 per chair. The variable cost
of each chair sold includes $30 to purchase the bean bag chairs
from suppliers and a $2 sales commission. Fixed costs are $14,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
1. Prepare the company's current contribution margin income
statement.
2. Calculate the...
Vista Seating Company is currently selling 3,000 oversized bean bag chairs a month at a price...
Vista Seating Company is currently selling 3,000 oversized bean
bag chairs a month at a price of $90 per chair. The variable cost
of each chair sold includes $35 to purchase the bean bag chairs
from suppliers and a $44 sales commission. Fixed costs are $11,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
Requirements 1. Prepare the company's current contribution margin income statement 2. Calculate...
please do all Question Help common P7-65A (similar to) Home Sewing Company is currently seling 3,600...
please do all
Question Help common P7-65A (similar to) Home Sewing Company is currently seling 3,600 oversized bean bag chairs a month at a price of $80 per chair. The variable cost of each chair sold includes $35 to purchase the bean bag chains from suppliers and a costs are $5,000 per month. The company is considering making several operwtional changes and wants to know how the charge will impact its operating income Read the resuirements Operating income (0) Operating...
Homework: Topic - Assignment Save Score: 0.7 of 3 pts 43 of 5 (5 complete)> HW Score: 59.55%, 5.9...
Homework: Topic - Assignment Save Score: 0.7 of 3 pts 43 of 5 (5 complete)> HW Score: 59.55%, 5.95 of 10 pts P7-65A (similar to) Question Help Modest Seating Company is currently selling 1,400 oversized bean bag chairs a month at a price of $70 per chair. The variable cost of each chair sold includes $40 to purchase the bean bag chairs from suppliers and a $7 sales commission. Fixed costs are $15,000 per month. The company is considering making...
P7-61A (similar to) Question Help The budgets of four companies yield the following information: (Click the...
P7-61A (similar to) Question Help The budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two...
4. The contribution margin income statement of Bountiful Bean Coffee for February follows: Bountiful Bean Coffee...
4. The contribution margin income statement of Bountiful Bean Coffee for February follows: Bountiful Bean Coffee Contribution Margin Income Statement For the Month Ended February 29 Sales revenue $85,000 Variable expenses Cost of goods sold $28,000 Marketing expense 9,000 General and administrative expense 3,000 40,000 Contribution margin 45,000 Fixed expenses: Marketing expense 12,375 2,625 15,000 General and administrative expense $30,000 Operating income Coffee sells three small coffees for every large coffee. A small coffee sells for $2.00, with a variable...
Corporation manufactures inexpensive office chairs. The selling price is $125 per unit, and variable costs amount...
Corporation manufactures inexpensive office chairs. The selling price is $125 per unit, and variable costs amount to $75 per unit. The fixed costs are $300,000 per month. Currently, the company is selling 8,000 chairs per month. Answer each of the following questions, rounding any units to the next higher full unit, if necessary. [The Handout on CVP relationships may help] (a) What are the contribution margin per chair and the contribution margin ratio? (b) What is the current monthly operating...
P7-61A (similar to) Data Table The budgets of four companies yield the following info EEB (Click ...
Please help me fill in all of the blanks with steps. Thank
you!
P7-61A (similar to) Data Table The budgets of four companies yield the following info EEB (Click the icon to view the budget information for the Requirements 1. Fill in the blanks for each company 2. Compute breakeven, in sales dollars, for each comp Company int? 216,000 270,000 153,000 93,000 Fixed expenses 216,000 350000 $154,000 $154,000 140,000 15,750 8.96 40.00 Operating income (loss) .. 131,500 12,500 Operating income...
Engberg company installs law sod in home yards. The company’s most recent monthly contribuito format...
Engberg company installs law sod in home yards. The company’s most recent monthly contribuito format income statement follows: Amount ($) Percent of sales (%) Sales 80,000 100 Variable expenses 32000 40 Contribution margin 48000 60 Fixed expenses 38000 Net operating incoming 10000 Construct a new contribution format income statement for the company assuming a 5% in crease in sales? Amount Percent of sales sales Variable expenses Contribution margin 0 0 Fixed expenses Net operating loss 0
13. Tuffet Seating Company is currently selling 2.500 oversized bean bag chairs a month at a price of $76 per chair. The variable cost of each chair sold includes $45 to purchase the bean bag chairs from suppliers and a $7 sales commission. Fixed costs are $7.000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income Read the requirements? Requirement 1. Prepare the company's current contribution margin...
Modest Seating Company is currently selling 1,500 oversized bean
bag chairs a month at a price of $78 per chair. The variable cost
of each chair sold includes $30 to purchase the bean bag chairs
from suppliers and a $2 sales commission. Fixed costs are $14,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
1. Prepare the company's current contribution margin income
statement.
2. Calculate the...
Vista Seating Company is currently selling 3,000 oversized bean
bag chairs a month at a price of $90 per chair. The variable cost
of each chair sold includes $35 to purchase the bean bag chairs
from suppliers and a $44 sales commission. Fixed costs are $11,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
Requirements 1. Prepare the company's current contribution margin income statement 2. Calculate...
please do all
Question Help common P7-65A (similar to) Home Sewing Company is currently seling 3,600 oversized bean bag chairs a month at a price of $80 per chair. The variable cost of each chair sold includes $35 to purchase the bean bag chains from suppliers and a costs are $5,000 per month. The company is considering making several operwtional changes and wants to know how the charge will impact its operating income Read the resuirements Operating income (0) Operating...
Homework: Topic - Assignment Save Score: 0.7 of 3 pts 43 of 5 (5 complete)> HW Score: 59.55%, 5.95 of 10 pts P7-65A (similar to) Question Help Modest Seating Company is currently selling 1,400 oversized bean bag chairs a month at a price of $70 per chair. The variable cost of each chair sold includes $40 to purchase the bean bag chairs from suppliers and a $7 sales commission. Fixed costs are $15,000 per month. The company is considering making...
P7-61A (similar to) Question Help The budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two...
4. The contribution margin income statement of Bountiful Bean Coffee for February follows: Bountiful Bean Coffee Contribution Margin Income Statement For the Month Ended February 29 Sales revenue $85,000 Variable expenses Cost of goods sold $28,000 Marketing expense 9,000 General and administrative expense 3,000 40,000 Contribution margin 45,000 Fixed expenses: Marketing expense 12,375 2,625 15,000 General and administrative expense $30,000 Operating income Coffee sells three small coffees for every large coffee. A small coffee sells for $2.00, with a variable...
Please help me fill in all of the blanks with steps. Thank
you!
P7-61A (similar to) Data Table The budgets of four companies yield the following info EEB (Click the icon to view the budget information for the Requirements 1. Fill in the blanks for each company 2. Compute breakeven, in sales dollars, for each comp Company int? 216,000 270,000 153,000 93,000 Fixed expenses 216,000 350000 $154,000 $154,000 140,000 15,750 8.96 40.00 Operating income (loss) .. 131,500 12,500 Operating income...
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