Homework Answers
The answer to the above mentioned question is
Contribution of $250,000.
the total variable expense is always inclusive of cost of goods sold. So the formula to find contribution margin is
Contribution Margin=Total sales - Total variable expense
= 620,000 - 370,000
=$250,000
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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 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 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 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...
Current Attempt in Progress For Sunland Company, the following information is available: Cost of goods sold...
Current Attempt in Progress For Sunland Company, the following information is available: Cost of goods sold $390000 Dividend revenue 14300 Income tax expense 36500 Operating expenses 139000 Sales revenue 588000 In Sunland’s single-step income statement, gross profit should be reported at $36800. should be reported at $198000. should not be reported. should be reported at $212300.
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production,...
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production, variable selling, and variable administrative expenses Sales less variable production expense. Sales less all variable and fixed expenses. < Prex 40,10 İİİ Next > MacBook Air 名0 0
Multiple Choice Question 96 A division sold 370000 calculators during 2020: $3700000 Sales Variable costs: $703000...
Multiple Choice Question 96 A division sold 370000 calculators during 2020: $3700000 Sales Variable costs: $703000 Materials Order processing Billing labor Selling expenses Total variable costs 277500 203500 111000 1295000 Fixed costs 1000000 How much is the unit contribution margin? $1.00 $3.50 O $6.20 $6.50
Sunland Company reported net sales of $243,000, cost of goods sold of $145,800, operating expenses of...
Sunland Company reported net sales of $243,000, cost of goods sold of $145,800, operating expenses of $54,400, net income of $38,880, beginning total assets of $453,300, and ending total assets of $612,700. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin enter percentages rounded to 1 decimal place % Gross profit rate enter percentages rounded to 1 decimal place %
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 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 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...
Hel Contribution margin is: Multiple Choice Sales less cost of goods sold Sales less variable production, variable selling, and variable administrative expenses Sales less variable production expense. Sales less all variable and fixed expenses. < Prex 40,10 İİİ Next > MacBook Air 名0 0
Multiple Choice Question 96 A division sold 370000 calculators during 2020: $3700000 Sales Variable costs: $703000 Materials Order processing Billing labor Selling expenses Total variable costs 277500 203500 111000 1295000 Fixed costs 1000000 How much is the unit contribution margin? $1.00 $3.50 O $6.20 $6.50
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