Homework Answers
| Correct Option C i..e Contribution margin of $240,000 | ||
| sales | 550,000 | |
| Less: Variable cost | 310,000 | |
| Contribution Margin | 240,000 | |
| Less: Fixed cost | 150,000 | |
| Net Income | 90,000 |
Add Answer to:
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 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.
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 98 The following information is available for Sheridan Company: Sales Cost of goods...
Multiple Choice Question 98 The following information is available for Sheridan Company: Sales Cost of goods sold $500000 320000 Total fixed expenses Total variable expenses $150000 260000 A CVP income statement would report contribution margin of $350000. gross profit of $240000. contribution margin of $240000. gross profit of $180000. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 142 The following monthly data are available for Waterway Industries which produces only one...
Question 5 The following information is available for Marigold Corp.: Sales Cost of goods sold $660000...
Question 5 The following information is available for Marigold Corp.: Sales Cost of goods sold $660000 460000 Total fixed expenses Total variable expenses $150000 410000 A CVP income statement would report O contribution margin of $250000. O gross profit of $200000. O contribution margin of $510000. O gross profit of $250000. Click if you would like to Show Work for this question: Open Show LINK TO TEXT
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales...
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales $610000 Total fixed expenses $150000 Cost of goods sold 410000 Total variable expenses 360000 A CVP income statement would report O gross profit of $250000. contribution margin of $460000. o contribution margin of $250000. O gross profit of $200000. Click if you would like to Show Work for this question: Open Show Work by Study
The following information is available for Swifty Corporation: Sales $560000 Total fixed expenses $150000 Cost of...
The following information is available for Swifty
Corporation:
Sales
$560000
Total fixed expenses
$150000
Cost of goods sold
360000
Total variable expenses
320000
A CVP income statement would report
gross profit of $200000.
contribution margin of $240000.
contribution margin of $410000.
gross profit of $240000.
Question 16
It costs Vaughn Company $26 per unit ($18 variable and $8 fixed)
to produce its product, which normally sells for $38 per unit. A
foreign wholesaler offers to purchase 4800 units at $21...
Oriole Company has the following information available for September 2020. Unit selling price of video game...
Oriole Company has the following information available for September 2020. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $420 $252 $63,840 600 Your answer is correct. Compute the unit contribution margin. Unit contribution margin 168 e Textbook and Media Your answer is correct. Prepare a CVP income statement that shows both total and per unit amounts. ORIOLE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit Sales 252000...
Multiple Choice Question 133 Bonita Industries has fixed costs of $550000 and variable costs are 80%...
Multiple Choice Question 133 Bonita Industries has fixed costs of $550000 and variable costs are 80% of sales. How much will Bonita report as sales when its net income equals $55000? O $3025000 O $484000 O $756250 O $2805000
Multiple Choice Question 174 The following information pertains to Pina Colada Corp. Assume that all balance...
Multiple Choice Question 174 The following information pertains to Pina Colada Corp. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 48000 Accounts receivable (net) 50000 Inventory 37000 Property, plant and equipment 215000 Total Assets $350000 Liabilities and Stockholders’ Equity Current liabilities $ 70000 Long-term liabilities 80000 Stockholders’ equity—common 200000 Total Liabilities and Stockholders’ Equity $350000 Income Statement Sales revenue $83000 Cost of...
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces...
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard 4,000 $96,000 Deluxe 3,500 $147,000 Total 7,500 $243,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Marketing & Sales Contribution Margin Fixed Costs Manufacturing Marketing & Sales Administration Profit Before Tax 12,000 16,000 20,000 $48,000 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 $125,000 $24,000 $18,000 $16,000 $67,000 If the company shifts its product mix...
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.
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 98 The following information is available for Sheridan Company: Sales Cost of goods sold $500000 320000 Total fixed expenses Total variable expenses $150000 260000 A CVP income statement would report contribution margin of $350000. gross profit of $240000. contribution margin of $240000. gross profit of $180000. Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 142 The following monthly data are available for Waterway Industries which produces only one...
Question 5 The following information is available for Marigold Corp.: Sales Cost of goods sold $660000 460000 Total fixed expenses Total variable expenses $150000 410000 A CVP income statement would report O contribution margin of $250000. O gross profit of $200000. O contribution margin of $510000. O gross profit of $250000. Click if you would like to Show Work for this question: Open Show LINK TO TEXT
Announcements TIMER SOURCES ng 20 Question 11 The following information is available for Waterway Industries: Sales $610000 Total fixed expenses $150000 Cost of goods sold 410000 Total variable expenses 360000 A CVP income statement would report O gross profit of $250000. contribution margin of $460000. o contribution margin of $250000. O gross profit of $200000. Click if you would like to Show Work for this question: Open Show Work by Study
The following information is available for Swifty
Corporation:
Sales
$560000
Total fixed expenses
$150000
Cost of goods sold
360000
Total variable expenses
320000
A CVP income statement would report
gross profit of $200000.
contribution margin of $240000.
contribution margin of $410000.
gross profit of $240000.
Question 16
It costs Vaughn Company $26 per unit ($18 variable and $8 fixed)
to produce its product, which normally sells for $38 per unit. A
foreign wholesaler offers to purchase 4800 units at $21...
Oriole Company has the following information available for September 2020. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $420 $252 $63,840 600 Your answer is correct. Compute the unit contribution margin. Unit contribution margin 168 e Textbook and Media Your answer is correct. Prepare a CVP income statement that shows both total and per unit amounts. ORIOLE COMPANY CVP Income Statement For the Month Ended September 30, 2020 Total Per Unit Sales 252000...
Multiple Choice Question 133 Bonita Industries has fixed costs of $550000 and variable costs are 80% of sales. How much will Bonita report as sales when its net income equals $55000? O $3025000 O $484000 O $756250 O $2805000
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard 4,000 $96,000 Deluxe 3,500 $147,000 Total 7,500 $243,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Marketing & Sales Contribution Margin Fixed Costs Manufacturing Marketing & Sales Administration Profit Before Tax 12,000 16,000 20,000 $48,000 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 $125,000 $24,000 $18,000 $16,000 $67,000 If the company shifts its product mix...
Most questions answered within 3 hours.
-
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 11 seconds ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 7 minutes ago -
Consider a 1.0 L buffer containing 0.092 mol L-1 HCOOH and 0.100
mol L-1 HCOO-. What...
asked 16 minutes ago -
Koch Realty has owned a vacant land with a FMV of
$775,000 and an adjusted basis...
asked 22 minutes ago -
It is estimated 29% of all adults in United States invest in
stocks and that 85%...
asked 22 minutes ago -
What does a 2-sided p value of 0.04 mean? (I am not asking if it
is...
asked 36 minutes ago -
A parallel-plate capacitor is made from two aluminum-foil
sheets, each 7.8 cmcm wide and 5.1 mmlong....
asked 37 minutes ago -
1. why is toluene a stronger nucleophile than benzene?
2.why is phenol a stronger nucleophile than...
asked 54 minutes ago -
4. How can you solve for the density of the liquid from the
slope? Please show...
asked 54 minutes ago -
when 2053 j of heat is added to 46.3 g of hexane C6H14 the
temperature increases...
asked 1 hour ago -
I need new and unique answers, please. (Use your own words,
don't copy and paste), Please...
asked 1 hour ago -
MCL 445.111 et seq. deals with Home Solicitation Sales.
MCL stands for Michigan Compiled Laws which...
asked 1 hour ago