Homework Answers
7) Sol: Option 1) 216,000 is correct Answer
Explanation
contribution margin=Sales-Vc
=(240-76) = $164
contribution margin ratio=contribution margin/Sales
=(164/240) = 0.7
Hence breakeven=Fixed cost/contribution margin ratio
=(146880 /0.7) = $216,000.
10 Ans:- Option 3) 75,508 is correct Answer
Explanation
| Product RIOL | Product X96N | Total Company | |
| Sales | 31,000 | $44,000 | $75,000 |
| Less:- Varaiable Expenses | 10,780 | $18,470 | $29,250 |
| Contribution Margin | 20,220 | $25,530 | 45,750 |
| Fixed Expenses | $46,060 | ||
| Net Operating Income | -310 |
| Contribution margin percentage of company = Contribution margin of company / Total sales of company =45,750/75,000 = 61% |
| Break even point of company = Fixed Expenses / Contribution margin percentage = $46,060/ 61% =75,508 |
11) Ans:
Calculation of Contibution Margin Ratio: 52%
| AMOUNT | AMOUNT | |
| Sale | 1041600 | |
| less : Variable manufacuring Exp | 417000 | |
| Variable selling and administrative | 79000 | |
| 364420 | ||
| CONTIBUTION | 545,600 | |
| CONTRIBUTION MARGIN RATION | 545600/1041600*100 | 52% |
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Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $369,000 147,600 221,400 55,350 $166,050 The degree of operating leverage is closest to: Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $31,000 and variable expenses of $10,780. Product X96N had sales of $44,000 and variable expenses of $18,470. The fixed expenses of the entire company were $46,060. The break-even point for...
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Data concerning Follick Corporation's single product appear below! Selling price per unit Variable expense per unit Fixed expense per month $ 220.00 $ 74.80 $141, 240 The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $428,000 . $214,000 O $141,240 o $286,760
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