Homework Answers
ANSWER A
| GREENBACK STORE | ONE-MART |
| SALES | $650000 | 1OO% | $650000 | 100% |
| VARIABLE COST | $390000 | 60% | $130000 | 20% |
| CONTRIBUTION | $260000 | 40% | $520000 | 80% |
| FIXED COST | $78000 | $338000 | ||
| OPERATING PROFIT | $182000 | 28% | $182000 | 28% |
ANSWER B
PROFIT OF COMPANY INCREASED WITH THE INCREASE IN SALE OF 10%
GREENBACK STORE-$26000
ONE-MART -$52000
WORKINGS
| GREENBACK STORE | ONE MART |
| NEW SALES | $715000 | 100% | $715000 | 100% |
| NEW VARIABLE COST | $429000 | 60% | $143000 | 20% |
| NEW CONTRIBUTION | $286000 | 40% | $572000 | 80% |
| FIXED COST | $78000 | $338000 | ||
| NEW PROFIT | $208000 | 29.09% | $234000 | 32.73% |
| OLD PROFIT | $182000 | $182000 | ||
| INCREASE IN PROFIT | $26000 | $52000 |
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Che 4 111 points The Greenback Store's cost structure is dominated by variable costs with a...
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RETE The Greenback Store's cost structure is dominated by variable costs with a contribution margin ratio of 0.30 and fixed costs of $55,200. Every dollar of sales contributes 30 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 0.80 and fixed costs of $285,200. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $460,000 for the...
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The Greenback Store’s cost structure is dominated by variable
costs with a contribution margin ratio of 0.40 and fixed costs of
$100,800. Every dollar of sales contributes 40 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
0.70 and fixed costs of $244,800. Every dollar of sales contributes
70 cents toward fixed costs and profit. Both companies have sales
of $480,000 for the month....
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