Homework Answers
Answer: C. $425,000
Calculations:
| Contribution margin | $125,000 |
| Add: Variable costs | |
| Cost of goods sold [20,000 x $12] | $240,000 |
| Selling expense | $16,000 |
| Administrative expense | $44,000 |
| Sales revenue | $425,000 |
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Q5.9: Determine what amount of sales revenue would result in a contribution margin of $125,000, based...
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on...
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on the following cost information? Units produced and sold: 35,000 Variable cost of goods sold: $25 per unit Total variable selling expense: $1.25 per unit Fixed selling and administrative expense: $38,500 Total variable administrative expense: $70,000 Fixed manufacturing expense: $125,000 A $48.00 B $78.57 C$50.00 D $22.86
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable...
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable expenses _800.000 Contribution margin 400,000 Fixed expenses 300,000 Net operating income $100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: a. What is the company's contribution margin ratio? b. What is the company's break-even in units? c. If sales increase by 100 units, by how much should net operating income increase? d. How many...
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed...
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,000 147,600 221,400 55,350 $166,050 The degree of operating leverage is closest to: Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable expenses of $10,780. Product X96N had sales of $44,000 and variable expenses of $18,470. The fixed expenses of the entire company were $46,060. The break-even point for...
Problem 21-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result...
Problem 21-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $250 each. The company has a 25% income tax rate. $ 68,000 328,000 104,000 60,000 Variable production costs Plastic for casing Wages of assembly workers Drum stands Variable selling costs Sales commissions Fixed manufacturing costs Taxes on factory...
The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to pick are Beginning Inventory,
Contribution Margin, Cost of Goods Manufactured, Ending inventory,
Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Fixed General and Administrative
expense, Interest expense, Sales, and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
The options it allows you to pick are Beginning Inventory, Contribution Margin, Cost of Goods Manufactured,...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Interest Expense, Fixed General and
Administrative expense, Interest expense, Sales, and Variable
selling expense. Please only label those. Thanks!
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed costs Net income 175000 175000 The compan during moamo beginning or ending inventories,produced, and sold 20,000 units the month. Required: (30 POINTs) a. What is the company's contribution margin ratio and per unit? b. What is the company's break-even in units? pany have to sell to attain a target profit of $125,000? d. What is the company's margin of safety in dollars? f Arcadia...
Your answer is correct. What is the contribution margin per cookie? (Round unit costs to 2...
Your answer is correct. What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 12.25.) Contribution margin 0.62] per cookie LINK TO TEXT Attempts: 3 of 15 used ▼ (d) what is Mary's contribution margin ratio? (Round contribution margin ratio to 2 decimal places, eg. 30.25%.) Contribution margin ratio ary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: ales revenue ost of goods sold (all variable)...
Post-Lecture Question 03 Deighan Company had the following amounts from its income statement: Sales revenue (800...
Post-Lecture Question 03 Deighan Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold -fixed Cost of goods sold -variable Selling expenses - fixed Selling expenses - variable Administrative expenses - fixed Administrative expenses - variable $80,000 20,000 18,500 7,000 6,000 5,000 7,500 How much is Deighan's contribution margin? O $48,000. O $16,000. $61,500. O $41,500.
Q5.10: Determine which per-unit selling price would result in a gross margin of $750,000, based on the following cost information? Units produced and sold: 35,000 Variable cost of goods sold: $25 per unit Total variable selling expense: $1.25 per unit Fixed selling and administrative expense: $38,500 Total variable administrative expense: $70,000 Fixed manufacturing expense: $125,000 A $48.00 B $78.57 C$50.00 D $22.86
1. The following is Jackie Corporation's contribution format income statement for last month: Sales $1,200,000 Variable expenses _800.000 Contribution margin 400,000 Fixed expenses 300,000 Net operating income $100.000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. Required: a. What is the company's contribution margin ratio? b. What is the company's break-even in units? c. If sales increase by 100 units, by how much should net operating income increase? d. How many...
Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,000 147,600 221,400 55,350 $166,050 The degree of operating leverage is closest to: Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable expenses of $10,780. Product X96N had sales of $44,000 and variable expenses of $18,470. The fixed expenses of the entire company were $46,060. The break-even point for...
Problem 21-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $250 each. The company has a 25% income tax rate. $ 68,000 328,000 104,000 60,000 Variable production costs Plastic for casing Wages of assembly workers Drum stands Variable selling costs Sales commissions Fixed manufacturing costs Taxes on factory...
The options it allows you to pick are Beginning Inventory,
Contribution Margin, Cost of Goods Manufactured, Ending inventory,
Fixed General and Administrative expense, Interest expense, Sales,
and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Fixed General and Administrative
expense, Interest expense, Sales, and Variable selling expense.
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit ($225,000 +...
The options it allows you to
pick are Beginning Inventory, Contribution Margin, Cost of Goods
Manufactured, Ending inventory, Interest Expense, Fixed General and
Administrative expense, Interest expense, Sales, and Variable
selling expense. Please only label those. Thanks!
The following information pertains to the first year of operation for Crystal Cold Coolers Inc.: 3,000 2.500 350 S Number of units produced Number of units sold Unit sales price Direct materials per unit Direct labor per unit Variable manufacturing overhead per unit...
The following is Arcadia Corporation's contribution month: 1400000 Sales Variable expenses 1,050,000 Contribution margin 350,0000 Fixed costs Net income 175000 175000 The compan during moamo beginning or ending inventories,produced, and sold 20,000 units the month. Required: (30 POINTs) a. What is the company's contribution margin ratio and per unit? b. What is the company's break-even in units? pany have to sell to attain a target profit of $125,000? d. What is the company's margin of safety in dollars? f Arcadia...
Your answer is correct. What is the contribution margin per cookie? (Round unit costs to 2 decimal places, e.g. 12.25.) Contribution margin 0.62] per cookie LINK TO TEXT Attempts: 3 of 15 used ▼ (d) what is Mary's contribution margin ratio? (Round contribution margin ratio to 2 decimal places, eg. 30.25%.) Contribution margin ratio ary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: ales revenue ost of goods sold (all variable)...
Post-Lecture Question 03 Deighan Company had the following amounts from its income statement: Sales revenue (800 units) Cost of goods sold -fixed Cost of goods sold -variable Selling expenses - fixed Selling expenses - variable Administrative expenses - fixed Administrative expenses - variable $80,000 20,000 18,500 7,000 6,000 5,000 7,500 How much is Deighan's contribution margin? O $48,000. O $16,000. $61,500. O $41,500.
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