Homework Answers
Option (D) is correct - 30%
Contribution margin = selling price - variable cost
100-70
30
Contribution margin ratio = contribution/sales
30/100
30%
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IRUNNITOODU4cb-bcc-4985-bfcf-f01cffc844771/question/26 20) Question 27 of 40 -/5.63 View Policies Current Attempt in Progress if selling price...
Question 3 --/1 View Policies Current Attempt in Progress Determine the missing amounts. Unit Selling Price...
Question 3 --/1 View Policies Current Attempt in Progress Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio $900 $522 $ $184 $400 $ (e) $ $300 20 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported...
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported the following results from the sale of 7080 units in March: sales $354000, variable costs $212400, fixed costs $106200, and operating in come $35400. Assume that Carla Vista increases the selling price by 8% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 0 5900. 0 7080. O 6372 0 3540 Save...
I Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket...
I
Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs 2,080 units $60 per unit $42 per unit $18,720 Fixed costs Question 5 of 5 0.75 / 1 What is the margin of safety in dollars and as a ratio? $ 62400 Margin of safety Margin of safety ratio 50 % e Textbook and Media Attempts: 1...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
Question 1 of 2 < > - 71 View Policies Current Attempt in Progress Tanek Industries...
Question 1 of 2 < > - 71 View Policies Current Attempt in Progress Tanek Industries manufactures and sells three different models of wet-dry shop vacuum cleaners. Although the shop vacs vary in terms of quality and features, all are good sellers. Tanek is currently operating at full capacity with limited machine time. Sales and production information relevant to each model follows. Product Deluxe Selling price Variable costs and expenses Machine hours required Economy $31 $16 0.5 Standard $51 $20...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
< Prev Question 4 --/1 View Policies Current Attempt in Progress Ivanhoe Monograms sells stadium blankets...
< Prev Question 4 --/1 View Policies Current Attempt in Progress Ivanhoe Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $45 throughout the country to loyal alumni of over 3,500 schools. Ivanhoe's variable costs are 41% of sales; fixed costs are $118,000 per month. (21) Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 = 38%.) Contribution margin ratio e Textbook and Media Save for Later Attempts:...
Question 20 of 25 < - / 1 View Policies Current Attempt in Progress On October...
Question 20 of 25 < - / 1 View Policies Current Attempt in Progress On October 3, Karl Schickele, a carpenter, received a cash payment for services previously billed to a client, Karl paid his telephon bill, and he also bought equipment on credit. For the three transactions, at least one of the entries will include a credit to Notes Payable O credit to Accounts Payable. O debit to Accounts Receivable. O credit to Retained Earnings. Save for Later Attempts:...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Va...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Vaughn Manufacturing has collected the following data concerning one of its products: Unit sales price $143 16000 Total sales units Unit cost $107 Total investment $1800000 The ROI percentage is NW O 27%. 37%. 42%. 32%. - Attempts: 0 of 1 used Save for Later Submit Answer < Prev Next > Send to Gradebook
Question 3 --/1 View Policies Current Attempt in Progress Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio $900 $522 $ $184 $400 $ (e) $ $300 20 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
Чuestion/ Question 26 of 40 -/5.63 View Policies Current Attempt in Progress Carla Vista Corporation reported the following results from the sale of 7080 units in March: sales $354000, variable costs $212400, fixed costs $106200, and operating in come $35400. Assume that Carla Vista increases the selling price by 8% on April 1. How many units will have to be sold in April to maintain the same level of operating income? 0 5900. 0 7080. O 6372 0 3540 Save...
I
Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs 2,080 units $60 per unit $42 per unit $18,720 Fixed costs Question 5 of 5 0.75 / 1 What is the margin of safety in dollars and as a ratio? $ 62400 Margin of safety Margin of safety ratio 50 % e Textbook and Media Attempts: 1...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
Question 1 of 2 < > - 71 View Policies Current Attempt in Progress Tanek Industries manufactures and sells three different models of wet-dry shop vacuum cleaners. Although the shop vacs vary in terms of quality and features, all are good sellers. Tanek is currently operating at full capacity with limited machine time. Sales and production information relevant to each model follows. Product Deluxe Selling price Variable costs and expenses Machine hours required Economy $31 $16 0.5 Standard $51 $20...
Question 3 of 4 < > 1.04/6.25 View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 3,500 schools. Blossom's variable costs are 40% of sales: fixed costs are $118,000 per month. (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg, 0.38 - 38%) Contribution...
< Prev Question 4 --/1 View Policies Current Attempt in Progress Ivanhoe Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $45 throughout the country to loyal alumni of over 3,500 schools. Ivanhoe's variable costs are 41% of sales; fixed costs are $118,000 per month. (21) Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 = 38%.) Contribution margin ratio e Textbook and Media Save for Later Attempts:...
Question 20 of 25 < - / 1 View Policies Current Attempt in Progress On October 3, Karl Schickele, a carpenter, received a cash payment for services previously billed to a client, Karl paid his telephon bill, and he also bought equipment on credit. For the three transactions, at least one of the entries will include a credit to Notes Payable O credit to Accounts Payable. O debit to Accounts Receivable. O credit to Retained Earnings. Save for Later Attempts:...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Vaughn Manufacturing has collected the following data concerning one of its products: Unit sales price $143 16000 Total sales units Unit cost $107 Total investment $1800000 The ROI percentage is NW O 27%. 37%. 42%. 32%. - Attempts: 0 of 1 used Save for Later Submit Answer < Prev Next > Send to Gradebook
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