Homework Answers
| (a) |
|
Contribution margin = (Service Price (-) Variable Costs = ( $ 22 (-) $ 16 ) = $ 6 |
|
Break Even Point Sales in Units = Fixed Expenses / Contribution margin = $ 5,400 / $ 6 = 900 Units |
|
Break Even Point in Sales $ =Break Even Point Sales in Units x Service (or) Sale Price = 900 Units x $ 22 = $ 19,800 |
| Break Even Point in Sales $ = $ 19,800 |
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Current Attempt in Progress The following monthly data are available for Sunset Nail Salon which provides...
the following monthly data are available for sunset nail salon which provides manicures for nursing home...
the following monthly data are available for sunset nail salon
which provides manicures for nursing home parientes who are charger
$22 per manicure. it’s unit variable costs are $16 and it’s total
fixed expenses are $5,400. revenue during april totaled 1600
units.
please solve A, B and C
wata are available for Beach Nail Salon which provides manicures nursing home patients who are charged $22 per manicure. Its unk variable counter $16 and its total fixed expenses are $5,400. Revenue...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. SHERIDAN BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales $79,700,000 Cost of goods sold Variable $32,677,000 Fixed 8,500,000 41,177,000 Gross margin $38,523,000 Selling and marketing expenses Commissions $14,346,000 Fixed costs 10,060,700...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Current Attempt in Progress At December 31, 2021. Crane Company made an accrued expense adjusting entry...
Current Attempt in Progress At December 31, 2021. Crane Company made an accrued expense adjusting entry of $1,860 for salaries. On January 4, 2022, it paid salaries of $2,800: 51.860 for December salaries and 5940 for January salaries Prepare the December 31 adjusting entry. Credit account titles are automatically indented when amount is entered. Do not indent manually amounts. no entry is required, select "No Entry for the accounts and enter for the Date Account Titles and Explanation Debit Credit...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
Question 1 In the month of June, Mandeep's Beauty Salon gave 3,200 haircuts, shampoos and permanents...
Question 1 In the month of June, Mandeep's Beauty Salon gave 3,200 haircuts, shampoos and permanents at an average price of $35. During the month, foxed costs were $21,600 and variable costs were 75% of sales Determine the contribution margin in dollars, unit, and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.27.) Contribution margin (in dollars) $ $ Contribution margin (per unit) Contribution margin (ratio) Attempts: 0 of 1 used SAVE FOR LATER SUSHI...
Question 2 View Policies Current Attempt in Progress Novak Company reports pretax financial income of $72,600...
Question 2 View Policies Current Attempt in Progress Novak Company reports pretax financial income of $72,600 for 2020. The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $17,200. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $20,300, 3. Fines for pollution appear as an expense of $9,900 on the income statement. Novak's...
--/1 Question 1 View Policies Current Attempt in Progress Pronghorn Inc. uses a calendar year for...
--/1 Question 1 View Policies Current Attempt in Progress Pronghorn Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,850,000 shares of $12 par common stock. At no time has Pronghorn issued any potentially dilutive securities. Listed below is a summary of Pronghorn's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 3. Shares...
Question 3 View Policies Current Attempt In Progress Horatio Inc. has three divisions which are operated as profit...
Question 3 View Policies Current Attempt In Progress Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Men's Shoes Women's Shoes $282,420 Children's Shoes $188,280 Contribution margin $ Controllable fixed costs 104,600 (5) Controllable margin (1) 94.140 99,370 470,700 627,600 Sales (6) 334,720 261,500 Variable costs e Textbook and Media Attempts: 0 of 2 used Save for Later Submit Answer The...
the following monthly data are available for sunset nail salon
which provides manicures for nursing home parientes who are charger
$22 per manicure. it’s unit variable costs are $16 and it’s total
fixed expenses are $5,400. revenue during april totaled 1600
units.
please solve A, B and C
wata are available for Beach Nail Salon which provides manicures nursing home patients who are charged $22 per manicure. Its unk variable counter $16 and its total fixed expenses are $5,400. Revenue...
0.17/1 Question 6 View Policies Show Attempt History Current Attempt in Progress The following CVP income statements are available for Bramble Company and Vaughn Company Sales Variable costs Contribution margin Fixed costs Net income Bramble Company Vaughn Company $490,000 $490,000 294,000 245,000 196,000 245,000 176,400 225,400 $19,600 $19,600 (a1) Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e8. 0.32.) e Textbook and Media Attempts: 9 of 15 used (a2) Compute the break-even point in...
Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. SHERIDAN BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales $79,700,000 Cost of goods sold Variable $32,677,000 Fixed 8,500,000 41,177,000 Gross margin $38,523,000 Selling and marketing expenses Commissions $14,346,000 Fixed costs 10,060,700...
Current Attempt in Progress Frinut Company estimates the following overhead costs for the coming year: Equipment depreciation Equipment maintenance Supervisory salaries Factory rent Total $250,000 50,000 20,000 100,000 $420,000 Frinut budgeted $600,000 in direct labor costs and 14,000 machine hours for the coming year. (a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per direct labor Save for Later Attempts: 0 of 1...
Current Attempt in Progress At December 31, 2021. Crane Company made an accrued expense adjusting entry of $1,860 for salaries. On January 4, 2022, it paid salaries of $2,800: 51.860 for December salaries and 5940 for January salaries Prepare the December 31 adjusting entry. Credit account titles are automatically indented when amount is entered. Do not indent manually amounts. no entry is required, select "No Entry for the accounts and enter for the Date Account Titles and Explanation Debit Credit...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
Question 1 In the month of June, Mandeep's Beauty Salon gave 3,200 haircuts, shampoos and permanents at an average price of $35. During the month, foxed costs were $21,600 and variable costs were 75% of sales Determine the contribution margin in dollars, unit, and as a ratio. (Round contribution margin per unit to 2 decimal places, e.g. 5.27.) Contribution margin (in dollars) $ $ Contribution margin (per unit) Contribution margin (ratio) Attempts: 0 of 1 used SAVE FOR LATER SUSHI...
Question 2 View Policies Current Attempt in Progress Novak Company reports pretax financial income of $72,600 for 2020. The following items cause taxable income to be different than pretax financial income. 1. Depreciation on the tax return is greater than depreciation on the income statement by $17,200. 2. Rent collected on the tax return is greater than rent recognized on the income statement by $20,300, 3. Fines for pollution appear as an expense of $9,900 on the income statement. Novak's...
--/1 Question 1 View Policies Current Attempt in Progress Pronghorn Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,850,000 shares of $12 par common stock. At no time has Pronghorn issued any potentially dilutive securities. Listed below is a summary of Pronghorn's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2. Shares issued as a result of a 12% stock dividend on September 30, 2019 3. Shares...
Question 3 View Policies Current Attempt In Progress Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Men's Shoes Women's Shoes $282,420 Children's Shoes $188,280 Contribution margin $ Controllable fixed costs 104,600 (5) Controllable margin (1) 94.140 99,370 470,700 627,600 Sales (6) 334,720 261,500 Variable costs e Textbook and Media Attempts: 0 of 2 used Save for Later Submit Answer The...
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