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C I DIE Question 7 (20 Marks) Smith-Pelley Inc produces a single product. The results of...
Question 4 Belli-Pitt, Inc produces a single product. The results of the company's operations for a...
Question 4 Belli-Pitt, Inc produces a single product. The results of the company's operations for a typical month are summarized in contribution format as follows: Sales $540,000 Less: Variable Expenses 360,000 Contribution Margin $180,000 Less: Fixed Expenses 120,000 Operating Income 60,000 The company produced and sold 120,000 kilograms of product during the month. There were no beginning or ending inventories. Required: a) Given the present situation, compute 1. The break-even sales in kilograms. 2. The break-even sales in dollars. 3....
04.(12 Marks) The following monthly budgeted data are available for the Data Management Company: Product C...
04.(12 Marks) The following monthly budgeted data are available for the Data Management Company: Product C Sales $500,000 Variable expenses 300.000 Contribution margin $200,000 Product J $300,000 210,000 $90,000 Product R $900.000 720,000 $180,000 Budgeted operating income for the month is $220,000. Required: a) Calculate the break-even sales for the month. (8 Marks) b) Calculate the margin of safety. (2 Marks) c) Calculate the degree of operating leverage. (2 Marks) Q3. (8 Marks) Timeliner Company's most recent contribution format income...
Jordan Company produces a single product. The projected income statement for the coming month, based on...
Jordan Company produces a single product. The projected income statement for the coming month, based on sales of 20,000 units is: Sales $200,000 Less: Variable costs 140,000 Contribution margin $ 60,000 Less: Fixed costs 45,000 Operating income $ 15,000 Instructions: 1. Compute the unit contribution margin and the number of units that must be sold to break even. Suppose that 3,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the...
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow:...
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Sales Less: Variable expenses Total $450,000 270,000 Per Unit $ 90 54 Contribution margin 180,000 $ 36 Less: Fixed expenses 90,000 Net operating income $ 90,000 Required: 1. What is the quarterly break-even point in units sold and in sales dollars? Break-even point in units sold Break-even point in sales dollars 2. Without resorting to computations, calculate the total contribution margin at the...
ADAM Corporation currently produces and sells a single product. Data concerning that product appear below: Per...
ADAM Corporation currently produces and sells a single product. Data concerning that product appear below: Per Unit Percentage Selling price $200 100% Variable expenses 60 30% Contribution margin $140 70% Fixed expenses are $280,000 per month. The company is currently selling 7,000 units per month. Proposed situation: The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed adding a commission (variable cost) of $10 per unit. In exchange, the...
Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last...
Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last year's income statement is as follows: Sales (21,000 units) $1,291,500 Less: Variable costs 877,800 Contribution margin $413,700 Less: Fixed costs 252,200 Operating income $161,500 Required: 1. Compute the break-even point in units and sales revenue. In your computations, round the contribution margin per unit to the nearest cent and round the contribution margin ratio to four decimal places. Round your final answers to the...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Per Unit $20 14 Sal...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Per Unit $20 14 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 312,000 218,400 93,600 73,800 $ 19,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit $ 612,000 Sales Variable expenses $ 40 428,400 28 Contribution margin $ 12 183,600 Fixed expenses 151,200 Net operating income 32,400 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point?...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Total $ 314,000 219,800 Per Unit $ 20 14 $ 6 Contribution margin Fixed expenses 94,200 78,000 Net operating income $ 16, 200 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the...
This Question: 40 pts 1 of 7 (1 complete) This Test: 200 pts possible o Toler...
This Question: 40 pts 1 of 7 (1 complete) This Test: 200 pts possible o Toler Company sells flags with learn logos. Toler has lixed costs of $468.000 per year plus variable costs of $5.20 per Mag. Each lag sells for $13.00 Read the requirement Begin by showing the formula and then entering the amounts to calculate the required sales dollars to sam $15,600 in operating income. (Round the required sales in dollars up to the nearest whole dollar. For...
04.(12 Marks) The following monthly budgeted data are available for the Data Management Company: Product C Sales $500,000 Variable expenses 300.000 Contribution margin $200,000 Product J $300,000 210,000 $90,000 Product R $900.000 720,000 $180,000 Budgeted operating income for the month is $220,000. Required: a) Calculate the break-even sales for the month. (8 Marks) b) Calculate the margin of safety. (2 Marks) c) Calculate the degree of operating leverage. (2 Marks) Q3. (8 Marks) Timeliner Company's most recent contribution format income...
Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Sales Less: Variable expenses Total $450,000 270,000 Per Unit $ 90 54 Contribution margin 180,000 $ 36 Less: Fixed expenses 90,000 Net operating income $ 90,000 Required: 1. What is the quarterly break-even point in units sold and in sales dollars? Break-even point in units sold Break-even point in sales dollars 2. Without resorting to computations, calculate the total contribution margin at the...
ADAM Corporation currently produces and sells a single product. Data concerning that product appear below: Per Unit Percentage Selling price $200 100% Variable expenses 60 30% Contribution margin $140 70% Fixed expenses are $280,000 per month. The company is currently selling 7,000 units per month. Proposed situation: The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed adding a commission (variable cost) of $10 per unit. In exchange, the...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Per Unit $20 14 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 312,000 218,400 93,600 73,800 $ 19,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit $ 612,000 Sales Variable expenses $ 40 428,400 28 Contribution margin $ 12 183,600 Fixed expenses 151,200 Net operating income 32,400 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point?...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Total $ 314,000 219,800 Per Unit $ 20 14 $ 6 Contribution margin Fixed expenses 94,200 78,000 Net operating income $ 16, 200 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? units Break-even point in unit sales Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the...
This Question: 40 pts 1 of 7 (1 complete) This Test: 200 pts possible o Toler Company sells flags with learn logos. Toler has lixed costs of $468.000 per year plus variable costs of $5.20 per Mag. Each lag sells for $13.00 Read the requirement Begin by showing the formula and then entering the amounts to calculate the required sales dollars to sam $15,600 in operating income. (Round the required sales in dollars up to the nearest whole dollar. For...
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