Only Part C, please.Homework Answers
Part C :-
In this case the contribution margin is no longer $13.8 since the variable component is gone. The contribution margin is now $10 greater since the organizer only want to pay a fixed cost so it would $23.8. Once again, we want to use break even analysis. The equation is then:-
11500= ( fixed cost + 90000 )/ $23.8
11500 X 23.8= fixed cost + 90000
273700 - 90000 = fixed cost
$183700 = fixed cost
Since we already know one portion of the fixed cost from the parking/ concession expenses to be $21000 that means the organizer can only afford to pay $162700($183700 - $21000) in fixed cost for the operating expenses.
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Only Part C, please.
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A. 1. Using account analysis, what was the accountant's estimate of total fixed costs for October? ...
A.
1. Using account analysis, what was the accountant's estimate of
total fixed costs for October?
2. Using account analysis, what was the accountant's estimate of
total variable costs for October?
B.
1. Using the high-low method, what was the accountant's estimate
of total fixed costs for October?
2. Using the high-low method, what was the accountant's estimate of
variable costs per unit for October?
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intermediate calculations.)
1-a. The marketing manager argues that a $9,000 increase in
the monthly advertising budget would increase monthly sales by
$20,000. Calculate the increase or decrease in net operating
income.
1-b. Should the advertising budget be increased?
2-a. Refer to the original data. Management is considering
using...
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A.
1. Using account analysis, what was the accountant's estimate of
total fixed costs for October?
2. Using account analysis, what was the accountant's estimate of
total variable costs for October?
B.
1. Using the high-low method, what was the accountant's estimate
of total fixed costs for October?
2. Using the high-low method, what was the accountant's estimate of
variable costs per unit for October?
Mears Production Company makes several products and sells them for an average price of $70....
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1. What is the company’s contribution margin (CM) ratio?
2. What is the estimated change in the company’s net operating
income if it can increase total sales by $1,800? (Do not round
intermediate calculations.)
1-a. The marketing manager argues that a $9,000 increase in
the monthly advertising budget would increase monthly sales by
$20,000. Calculate the increase or decrease in net operating
income.
1-b. Should the advertising budget be increased?
2-a. Refer to the original data. Management is considering
using...
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