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Cready and Co., currently has annual sales of $12,000,000, its variable costs are 60% of sales...
Company X currently has annual sales of $10,000,000, its variable costs are 55% of sales and...
Company X currently has annual sales of $10,000,000, its variable costs are 55% of sales and total fixed costs $3,000,000. By how much will Company X's annual operating income increase if current sales increase by 12%?
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs...
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $12,000 per month. If Sunland were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 6%, what would be the new annual operating income? (Round sales price to 2 decimal places, eg. 52.75 and final answer to decimal places, eg. 5,275.) The new annual operating income Toython 3 of 4...
assume that variable cost increase to 45% of the current sales price and fix costs increase...
assume that variable cost increase to 45% of the current sales
price and fix costs increase by $12,000 per month. If Sunland were
to raise its sales price 10% to cover these new costs, but the
number of blankets sold were to drop by 6% what would be the new
annual operating income?
h 3: Homework Question 3 of 4 4.17/5.25 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Variable costs as a percentage of sales for Lemon Inc. are 72%, current sales are $681,000,...
Variable costs as a percentage of sales for Lemon Inc. are 72%, current sales are $681,000, and fixed costs are $205,000. How much will operating income change if sales increase by $40,400? a.$29,088 increase b.$11,312 decrease c.$11,312 increase d.$29,088 decrease
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs...
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $10,000 per month. If Crane were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 5%, what would be the new annual operating income? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) The new annual operating income Crane Monograms sells...
Variable costs as a percentage of sales for Lemon Inc. are 73%, current sales are $647,000,...
Variable costs as a percentage of sales for Lemon Inc. are 73%, current sales are $647,000, and fixed costs are $190,000. How much will operating income change if sales increase by $37,200? a. $10,044 increase b. $27,156 increase c. $27,156 decrease d. $10,044 decrease If sales are $828,000, variable costs are 80% of sales, and operating income is $209,000, what is the contribution margin ratio? a. 20% b. 80% c. 24% d. 76% Strait Co. manufactures office furniture. During the...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
2. A bed and breakfast place has annual fixed costs of $100,000 variable costs of 60%...
2. A bed and breakfast place has annual fixed costs of $100,000 variable costs of 60% of sales revenue and a tax rate of 30%. Owner wants an after tax net income of $35,000. What sales revenue must be achieved to provide $35,000 net income after tax? Prepare an income statement to confirm the calculated required sales revenue.
Multiple Choice Question 133 Sunland Company has fixed costs of $630000 and variable costs are 60%...
Multiple Choice Question 133 Sunland Company has fixed costs of $630000 and variable costs are 60% of sales. How much will Sunland report as sales when its net income equals $620007 $415200 $1730000 $1153333 $1637000
Company X currently has annual sales of $10,000,000, its variable costs are 55% of sales and total fixed costs $3,000,000. By how much will Company X's annual operating income increase if current sales increase by 12%?
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $12,000 per month. If Sunland were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 6%, what would be the new annual operating income? (Round sales price to 2 decimal places, eg. 52.75 and final answer to decimal places, eg. 5,275.) The new annual operating income Toython 3 of 4...
assume that variable cost increase to 45% of the current sales
price and fix costs increase by $12,000 per month. If Sunland were
to raise its sales price 10% to cover these new costs, but the
number of blankets sold were to drop by 6% what would be the new
annual operating income?
h 3: Homework Question 3 of 4 4.17/5.25 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
(d) Assume that variable costs increase to 45% of the current sales price and fixed costs increase by $10,000 per month. If Crane were to raise its sales price 10% to cover these new costs, but the number of blankets sold were to drop by 5%, what would be the new annual operating income? (Round sales price to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) The new annual operating income Crane Monograms sells...
Variable costs as a percentage of sales for Lemon Inc. are 73%, current sales are $647,000, and fixed costs are $190,000. How much will operating income change if sales increase by $37,200? a. $10,044 increase b. $27,156 increase c. $27,156 decrease d. $10,044 decrease If sales are $828,000, variable costs are 80% of sales, and operating income is $209,000, what is the contribution margin ratio? a. 20% b. 80% c. 24% d. 76% Strait Co. manufactures office furniture. During the...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
2. A bed and breakfast place has annual fixed costs of $100,000 variable costs of 60% of sales revenue and a tax rate of 30%. Owner wants an after tax net income of $35,000. What sales revenue must be achieved to provide $35,000 net income after tax? Prepare an income statement to confirm the calculated required sales revenue.
Multiple Choice Question 133 Sunland Company has fixed costs of $630000 and variable costs are 60% of sales. How much will Sunland report as sales when its net income equals $620007 $415200 $1730000 $1153333 $1637000
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