Homework Answers
Contribution margin=Sales-variable expenses
==(75000-50000)=$25000
Contribution margin per unit=($25000/4000)
which is equal to
=$6.25
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Multiple Choice Question 36 For Buffalo Co., at a sales level of 4000 units, sales is...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay...
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $270000 O $300000o O $240000 O $330000 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT ANSWER
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the...
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the contribution margin per unit is $60. What is the break-even point? O O $450000 sales dollars $250000 sales dollars 25000 units 4500 units Question Attempts:
Multiple Choice Question 52 For Bramble Corp., sales is $4000000, fixed expenses are $900000, and the...
Multiple Choice Question 52 For Bramble Corp., sales is $4000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $300000? O $3333333 O $2500000 O $11111111 $833333
Multiple Choice Question 43 The contribution margin ratio is O sales divided by fixed expenses. contribution...
Multiple Choice Question 43 The contribution margin ratio is O sales divided by fixed expenses. contribution margin divided by sales. O sales divided by variable expenses. sales divided by contribution margin.
Multiple Choice Question 52 For Sheridan Company, sales is $3500000, fixed expenses are $900000, and the...
Multiple Choice Question 52 For Sheridan Company, sales is $3500000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600000? $1666667 $2500000 $4166667 $9722222
Multiple Choice Question 98 The following information is available for Oriole Company: Sales $550000 Cost of...
Multiple Choice Question 98 The following information is available for Oriole Company: Sales $550000 Cost of goods sold 350000 Total fixed expenses Total variable expenses $150000 310000 A CVP income statement would report contribution margin of $400000. O gross profit of $240000. O contribution margin of $240000. O gross profit of $200000.
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of...
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of goods sold $600000 400000 Total fixed expenses Total variable expenses 350000 A CVP income statement would report gross profit of $200000. gross profit of $250000. contribution margin of $250000. O contribution margin of $450000.
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods...
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods sold $620000 420000 Total fixed expenses Total variable expenses $150000 370000 A CVP income statement would report contribution margin of $250000. gross profit of $200000. gross profit of $250000. contribution margin of $470000.
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
Multiple Choice Question 215 Sandhill Co. issued $750000 of 8%, 5-year bonds at 104, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $270000 O $300000o O $240000 O $330000 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SUBMIT ANSWER
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the contribution margin per unit is $60. What is the break-even point? O O $450000 sales dollars $250000 sales dollars 25000 units 4500 units Question Attempts:
Multiple Choice Question 52 For Bramble Corp., sales is $4000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $300000? O $3333333 O $2500000 O $11111111 $833333
Multiple Choice Question 43 The contribution margin ratio is O sales divided by fixed expenses. contribution margin divided by sales. O sales divided by variable expenses. sales divided by contribution margin.
Multiple Choice Question 52 For Sheridan Company, sales is $3500000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $600000? $1666667 $2500000 $4166667 $9722222
Multiple Choice Question 98 The following information is available for Oriole Company: Sales $550000 Cost of goods sold 350000 Total fixed expenses Total variable expenses $150000 310000 A CVP income statement would report contribution margin of $400000. O gross profit of $240000. O contribution margin of $240000. O gross profit of $200000.
Multiple Choice Question 98 The following information is available for Vaughn Manufacturing: $150000 Sales Cost of goods sold $600000 400000 Total fixed expenses Total variable expenses 350000 A CVP income statement would report gross profit of $200000. gross profit of $250000. contribution margin of $250000. O contribution margin of $450000.
CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 108 Blue's Bookstore has collected $60 in sales taxes during April. If sales taxes must be remitted to the state government monthly, what entry will blue's Bookstore make to show the Apri remittance Sales Taxes Payable O No entry required. Sales Tax Expense Cash Sales Tax Expense Sales Taxes Payable Question Attempts of 1 used SAVE FOR LATER SUBMIT ANSWER
Multiple Choice Question 98 The following information is available for Sunland Company: Sales Cost of goods sold $620000 420000 Total fixed expenses Total variable expenses $150000 370000 A CVP income statement would report contribution margin of $250000. gross profit of $200000. gross profit of $250000. contribution margin of $470000.
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