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Problem 4. Calculate the following: (a) If Bart Company's budgeted sales are $600,000, fixed costs are...
Contribution Margin Ratio a. Young Company budgets sales of $800,000, fixed costs of $23400, and variable...
Contribution Margin Ratio a. Young Company budgets sales of $800,000, fixed costs of $23400, and variable costs of $104,000. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 66%, sales were $577,000, and fixed costs were $258,960, what was the operating income?
The following is XYZ’s contribution format income statement for last month: Sales $600,000 Variable expenses 400,000...
The following is XYZ’s contribution format income statement for last month: Sales $600,000 Variable expenses 400,000 Contribution margin 200,000 Fixed expenses 100,000 Net operating income $100,000 The company has no beginning or ending inventories and produced and sold 10,000 units during the month. 1 What is the company's contribution margin ratio? 2 What is the company's contribution margin? 3 What is the company's break-even in units? 4 If sales increase by 200 units, by how much should net operating income...
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed costs of $40,000. Every dollar of sales contributes 25 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.75 and fixed costs of $440,000. Every dollar of sales contributes 75 cents toward fixed costs and profit. Both companies have sales of $800,000 for the month....
4. Contribution Margin Ratio a. Young Company budgets sales of $1,080,000, fixed costs of $43,700, and...
4. Contribution Margin Ratio a. Young Company budgets sales of $1,080,000, fixed costs of $43,700, and variable costs of $194,400. What is the contribution margin ratio for Young Company? _______% b. If the contribution margin ratio for Martinez Company is 63%, sales were $556,000, and fixed costs were $269,720, what was the operating income? $ 5. Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs of $494,400, a unit...
help me solve this problem! Wesley Company manufactures and sells a single product. The company's sales...
help me solve this problem!
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Total $490,000 294,000 Per Unit $70 Sales Less: Variable expenses Contribution margin 196,000 $28 Less: Fixed expenses 140,000 Net operating income $ 56,000 5. What is the company's CM ratio? If quarterly sales increase by $19,600 and there is no change in fibed expenses, by how much would you expect quarterly net operating income to increase? (Do not...
Contribution Margin Ratio a. Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable...
Contribution Margin Ratio a. Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable costs of $1,560,000. What is the contribution margin ratio for Yountz Company? (Enter your answer as a whole number.) b. If the contribution margin ratio for Vera Company is 40%, sales were $3,400,000, and fixed costs were $800,000, what was the income from operations?
Exercise 3.2 I. Assume that variable costs are not controlled and that budgeted costs of sales...
Exercise
3.2 I. Assume that variable costs are not controlled and that
budgeted costs of sales for food and beverage increase to $600,000
and total sales are as budgeted ($1,665.472.20). Calculate profit
for Barnaby's Hideaway. All other costs remain the same. 2.
Calculate the new variable rate and new contribution rate, assuming
the same variable salaries and employee benefits. 3. Calculate the
break-even point for Barnaby's Hideaway using the new contribution
rate. 4. Using the new contribution rate, calculate the...
Kelly Company's most recent contribution format income statement is shown below: Sales (60,000 Units) total:$600,000 per...
Kelly Company's most recent contribution format income statement is shown below: Sales (60,000 Units) total:$600,000 per unit:$10 Variable Cost total: 360000 per unit:6 Contribution Margin total:240,000 per unit:4 Fixed Cost total:100,000 Operating Income total:140,000 prepare a new contribution format income statement under each of the following conditions (consider each case independently): Ther selling price decreases by $2 per unit fixed costs decrease by $30,000 and the variable costs per unit increases by 10% would this change be beneficial please explain
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $...
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $377,400. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 69%, sales were $689,000, and fixed costs were $356,560, what was the operating income?
Kelly Company's most recent contribution format income statement is shown below: Sales (60,000 Units) total:$600,000 per...
Kelly Company's most recent contribution format income statement is shown below: Sales (60,000 Units) total:$600,000 per unit:$10 Variable Cost total: 360000 per unit:6 Contribution Margin total:240,000 per unit:4 Fixed Cost total:100,000 Operating Income total:140,000 prepare a new contribution format income statement under each of the following conditions (consider each case independently): The number of the units sold decreases by 5% , ixed costs increase by 10% and the variable costs per unit decrease by $4 per unit would this change be beneficial...
Contribution Margin Ratio a. Young Company budgets sales of $800,000, fixed costs of $23400, and variable costs of $104,000. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 66%, sales were $577,000, and fixed costs were $258,960, what was the operating income?
The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.25 and fixed costs of $40,000. Every dollar of sales contributes 25 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.75 and fixed costs of $440,000. Every dollar of sales contributes 75 cents toward fixed costs and profit. Both companies have sales of $800,000 for the month....
help me solve this problem!
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Total $490,000 294,000 Per Unit $70 Sales Less: Variable expenses Contribution margin 196,000 $28 Less: Fixed expenses 140,000 Net operating income $ 56,000 5. What is the company's CM ratio? If quarterly sales increase by $19,600 and there is no change in fibed expenses, by how much would you expect quarterly net operating income to increase? (Do not...
Contribution Margin Ratio a. Yountz Company budgets sales of $2,400,000, fixed costs of $525,000, and variable costs of $1,560,000. What is the contribution margin ratio for Yountz Company? (Enter your answer as a whole number.) b. If the contribution margin ratio for Vera Company is 40%, sales were $3,400,000, and fixed costs were $800,000, what was the income from operations?
Exercise
3.2 I. Assume that variable costs are not controlled and that
budgeted costs of sales for food and beverage increase to $600,000
and total sales are as budgeted ($1,665.472.20). Calculate profit
for Barnaby's Hideaway. All other costs remain the same. 2.
Calculate the new variable rate and new contribution rate, assuming
the same variable salaries and employee benefits. 3. Calculate the
break-even point for Barnaby's Hideaway using the new contribution
rate. 4. Using the new contribution rate, calculate the...
Contribution Margin Ratio a. Young Company budgets sales of $1,110,000, fixed costs of $84,900, and variable costs of $377,400. What is the contribution margin ratio for Young Company? b. If the contribution margin ratio for Martinez Company is 69%, sales were $689,000, and fixed costs were $356,560, what was the operating income?
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