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Sales 5200 x $73 = Total var Cost Total Cont margin Total Fixed 379,600 208 680...
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio...
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio Obj. 2 A. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? B. If the contribution margin ratio for Martinez Company is 10%, sales were $31,800,000, and fixed costs were $1,500,000, what was the income from operations? SHOW ME HOW
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...
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption...
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Term Definition A. The way in which total cost behaves or changes, when some measure...
the drop down list has contribution margin contribution margin income statement contribution margin ratio fixed cost...
the
drop down list has
contribution margin
contribution margin income statement
contribution margin ratio
fixed cost
full absorption costing
linearity assumption
mixed cost
relevent range
scattergraph
step variable cost
unit contribution margin
variable cost
variable costing
none of these is correct
some terms may repeat
Check my work Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) 0.3 points...
ey Formulas 1) Total Contribution Margin = Sales - Variable cost 2) Contribution margin ratio =...
ey Formulas 1) Total Contribution Margin = Sales - Variable cost 2) Contribution margin ratio = Contribution margin / sales 3) Break-even point in units = Fixed cost / unit contribution margir 4) Break-even point in dollars = Fixed cost / contribution margin ra 5) Margin of Safety = Actual Revenue less Breakeven Sales Rever 6) Total Sales = Number of units sold x selling price per unit 7) Total Variable cost = Number of units sold x variable cost...
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit...
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit variable cost $7,800 $200 per hour S 50 per hour a) Compute the contribution margin per rental hour. Sales Vaviabit cost b) Compute the contribution margin ratio. c) Compute the break-even point in hours. d) Compute the break-even point in sales dollars. e) Calculate the hours needed to earn S29,700 in operating income. ie sales price to $180 and has no changes itn vaniable...
Required If total fixed cost at James Company is $1,095,000 and the sales mix remains constant,...
Required If total fixed cost at James Company is $1,095,000 and the sales mix remains constant, what is the number of units of product X that will be sold as part of the breakeven sales mix? 3) 2-36 Multiproduct breakeven analysis Brant Consulting designs costing and transfer pricing sys- tems for its clients. Here is a summary of volume, revenue and cost expectations for the upcom- ing year: COSTING PROJECTS TRANSFER PRICING PROJECTS FIRM ITEM PER UNIT 50 Joes PER...
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company...
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 840,000 557,200 282,800 264,000 $ 18,800 Commercial Residential $ 280,000 $ 560,000 154,000 403, 200 126,000 156,800 116,000 148,000 $ 10,000 $ 8,800 In preparing these statements, the intern determined that Toxaway's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $78,000 of common fixed expenses that would continue to be incurred...
Determine the variable cost per gross-ton mile and the total fixed cost. ✓ A. 41% EX 19-9 Contribution margin ratio Obj. 2 A. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? B. If the contribution margin ratio for Martinez Company is 10%, sales were $31,800,000, and fixed costs were $1,500,000, what was the income from operations? SHOW ME HOW
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...
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Term Definition A. The way in which total cost behaves or changes, when some measure...
the
drop down list has
contribution margin
contribution margin income statement
contribution margin ratio
fixed cost
full absorption costing
linearity assumption
mixed cost
relevent range
scattergraph
step variable cost
unit contribution margin
variable cost
variable costing
none of these is correct
some terms may repeat
Check my work Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) 0.3 points...
ey Formulas 1) Total Contribution Margin = Sales - Variable cost 2) Contribution margin ratio = Contribution margin / sales 3) Break-even point in units = Fixed cost / unit contribution margir 4) Break-even point in dollars = Fixed cost / contribution margin ra 5) Margin of Safety = Actual Revenue less Breakeven Sales Rever 6) Total Sales = Number of units sold x selling price per unit 7) Total Variable cost = Number of units sold x variable cost...
Calculate the following information for Rudolph's Snowmobile Rentals Ine Total fixed costs Unit sales price Unit variable cost $7,800 $200 per hour S 50 per hour a) Compute the contribution margin per rental hour. Sales Vaviabit cost b) Compute the contribution margin ratio. c) Compute the break-even point in hours. d) Compute the break-even point in sales dollars. e) Calculate the hours needed to earn S29,700 in operating income. ie sales price to $180 and has no changes itn vaniable...
Required If total fixed cost at James Company is $1,095,000 and the sales mix remains constant, what is the number of units of product X that will be sold as part of the breakeven sales mix? 3) 2-36 Multiproduct breakeven analysis Brant Consulting designs costing and transfer pricing sys- tems for its clients. Here is a summary of volume, revenue and cost expectations for the upcom- ing year: COSTING PROJECTS TRANSFER PRICING PROJECTS FIRM ITEM PER UNIT 50 Joes PER...
Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Total Company $ 840,000 557,200 282,800 264,000 $ 18,800 Commercial Residential $ 280,000 $ 560,000 154,000 403, 200 126,000 156,800 116,000 148,000 $ 10,000 $ 8,800 In preparing these statements, the intern determined that Toxaway's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $78,000 of common fixed expenses that would continue to be incurred...
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