Tally Corp. sells software during the recruiting seasons. During the current year,
10,000
software packages were sold resulting in
$470,000
of sales revenue,
$130,000
of variable costs, and
$48,000
of fixed costs.If sales increase by
$80,000,
operating income will increase by ________. (Round interim calculations to two decimal places and the final answer to the nearest whole dollar.)
A.$48,000
B.$30,588
C.$57,872
D.$32,000
While−You−Train
is a
not−for−profit
organization that aids the unemployed by supplementing their incomes by $7,000 annually, while they seek new employment skills. The organization has fixed costs of $230,000 and the budgeted appropriation for the year totals $720,000. How many individuals can receive financial assistance this year?
A.70 people
B.103 people
C.136 people
D.33 people
A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of indirect cost for the soccer equipment line is the ________.
A.material used to manufacture the soccer studs
B.labor to shape the leather used to make the soccer ball
C.material used to make the soccer balls
D.property taxes paid on the land and building (plant)
1.
Contribution margin = $470,000 - 130,000 = $340,000
Contribution margin ratio = $340,000 / 470,000 = 72.34%
Operating income will increase by = $80,000 * 72.34% = $57,872
Hence option C is correct.
2.
Individual to receive financial assistance = $720,000 - $230,000 / $7,000
Individual to receive financial assistance = $490,000 / $7,000 = 70 people
Hence option A is correct
3.
Property taxes paid on the land and building (plant)
Hence option D is correct.
Tally Corp. sells software during the recruiting seasons. During the current year, 10,000 software packages were...
8. JAG Corp. sells software during the recruiting seasons. During the current year, 11,000 software units were sold resulting in $440,000 of sales revenue, $110,000 of variable costs, and $48,000 of fixed costs. If sales increase by $60,000, operating income will increase by a. $40,000 b. $45,000 c. $60,000 d. $80,000