L3 Enterprises, Inc. has provided the following contribution format income statement. Assume that the following information...
L3 Enterprises, Inc. has provided the following contribution format income statement. Assume that the following information is within the relevant range.
| Sales (4,000 units) | $ 240,000 |
| Variable expenses | 156,000 |
| Contribution margin | 84,000 |
| Fixed expenses | 81,900 |
| Net operating income | $ 2,100 |
The break-even point in dollar sales is closest to:
$156,000
$0
$237,900
$234,000
Homework Answers
Contribution margin ratio=Contribution margin/Sales
=84000/240,000
=0.35
Breakeven=Fixed expenses/Contribution margin ratio
=81900/0.35
=$234000
Add Answer to:
L3 Enterprises, Inc. has provided the following contribution
format income statement. Assume that the following information...
por 18) Ploeger Corporation has provided the following contribution format income statement. Assume that the following...
por 18) Ploeger Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (4,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 240,000 156,000 84,000 81,900 2,100 The break-even point in dollar sales is closest to: A) $234,000 B) $237,900 C) $156,000 D) $0
answer with details or by law Managerial Accounting: ACC 401 1. Kelchner Corporation has provided the...
answer with details or by law
Managerial Accounting: ACC 401 1. Kelchner Corporation has provided the following contribution Assume that the following information is within the relevante the following contribution format income statement. Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 180,000 108,000 72,000 62,400 9,600 $ The contribution margin ratio is closest to: A) 67% B) 40% C) 33% D) 60% 2. Parwin Corporation plans to sell 23,000 units during August. If the company has...
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information...
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 210,000 136,500 73,500 67,200 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to 3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ Sales (1,000...
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is...
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $320,000 192,000 128,000 121,600 $ 6,400 The margin of safety in dollars is closest to: Multiple Choice $6,400 $16,000 $121,600
. Coultrap Corporation has provided the following contribution format income statement. Assume that the following in...
. Coultrap Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 180,000 117.000 63,000 48,300 $ 14.700 Net operating income The contribution margin per unit is closest to: A) $21.00 C) $39.00 D) S4.90 B) $60.00 6. Carlton Corporation has two divisions: Delta and Echo. Data from the most recent month appear below: Echo Delta S 147,000 86,730 S 44,000 $...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that are within the relevant range. Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $300,000 240,000 60,000 58,800 $1,200 Required: What is the contribution margin ratio? (Show your computations). What is the break-even point in unit of sales? (Show your computations). What is the margin of safety in dollars? (Show your computations). What is the degree of operating leverage? (Show your computations).
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is...
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) $40,000 Variable expenses 30,000 Contribution margin 10,000 Fixed expenses 7,000 3,000 Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information...
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 40,000 30,000 10,000 7,000 3,000 If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that...
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range (14 pts). Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating Income/Loss $150,000 90,000 60,000 80,000 -$20,000 Required: a. What is the break-even point in unit sales? b. What is the break even $ Sales? c. Estimate how many units must be sold to achieve a target profit of $30,000? d. What is the Fixed Expense ratio...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $280,000 182,000 98,000 84,000 $ 14,000 points If the variable cost per unit increases by $10, spending on advertising increases by $1,500, and unit sales increase by 15,800 un closest to: Choice O $5,700 $91,200 $114,100 ) $12,500
por 18) Ploeger Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (4,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 240,000 156,000 84,000 81,900 2,100 The break-even point in dollar sales is closest to: A) $234,000 B) $237,900 C) $156,000 D) $0
answer with details or by law
Managerial Accounting: ACC 401 1. Kelchner Corporation has provided the following contribution Assume that the following information is within the relevante the following contribution format income statement. Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 180,000 108,000 72,000 62,400 9,600 $ The contribution margin ratio is closest to: A) 67% B) 40% C) 33% D) 60% 2. Parwin Corporation plans to sell 23,000 units during August. If the company has...
5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 210,000 136,500 73,500 67,200 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to 3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. $ Sales (1,000...
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $320,000 192,000 128,000 121,600 $ 6,400 The margin of safety in dollars is closest to: Multiple Choice $6,400 $16,000 $121,600
. Coultrap Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range Sales (3,000 units) Variable expenses Contribution margin Fixed expenses 180,000 117.000 63,000 48,300 $ 14.700 Net operating income The contribution margin per unit is closest to: A) $21.00 C) $39.00 D) S4.90 B) $60.00 6. Carlton Corporation has two divisions: Delta and Echo. Data from the most recent month appear below: Echo Delta S 147,000 86,730 S 44,000 $...
Zaccaria Corporation has provided the following contribution format income statement. questions concern situations that are within the relevant range. Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $300,000 240,000 60,000 58,800 $1,200 Required: What is the contribution margin ratio? (Show your computations). What is the break-even point in unit of sales? (Show your computations). What is the margin of safety in dollars? (Show your computations). What is the degree of operating leverage? (Show your computations).
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) $40,000 Variable expenses 30,000 Contribution margin 10,000 Fixed expenses 7,000 3,000 Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
3) Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) Variable expenses Contribution margin Fixed expenses Net operating income 40,000 30,000 10,000 7,000 3,000 If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
13) Pembroke Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range (14 pts). Sales (3,000 units) Variable expenses Contribution margin Fixed expenses Net operating Income/Loss $150,000 90,000 60,000 80,000 -$20,000 Required: a. What is the break-even point in unit sales? b. What is the break even $ Sales? c. Estimate how many units must be sold to achieve a target profit of $30,000? d. What is the Fixed Expense ratio...
Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information i Sales (7,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $280,000 182,000 98,000 84,000 $ 14,000 points If the variable cost per unit increases by $10, spending on advertising increases by $1,500, and unit sales increase by 15,800 un closest to: Choice O $5,700 $91,200 $114,100 ) $12,500
Most questions answered within 3 hours.
-
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 1 hour ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 7 minutes ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 1 hour ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 1 hour ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 2 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 3 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 5 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 5 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 7 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 7 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 7 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 7 hours ago