Homework Answers
10. Contribution margin per unit = $14,000 / 1,000 units = $14
Number of units = (Fixed expenses + Target profit) / Contribution margin per unit = ($8,680 + $8,400) / $14 = 1,220 units
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Osio Company prepared the folowing contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 40,000 Variable expenses 26,000 Contribution margin 14,000 Fixed expenses 8,680 Net operating income $ 5,320 9. What is the break-even point in dollar sales? 10. How many units must be sold to achieve a target profit of $8,400? 11. What is the margin of safety in dollars? What is the...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 40,000 Variable expenses 26,000 Contribution margin 14,000 Fixed expenses 8,680 Net operating income $ 5,320 1 Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales? (Round your intermediate calculations and final answer to 2 decimal places.) 2....
GymShark Company prepared the following contribution format income statement based on a sales volume of 1,000...
GymShark Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): $ Sales Variable expenses Contribution margin Fixed expenses Net operating income 105,000 73,500 31,500 27,720 3,780 $ Required: 1. What is the break-even point in dollar sales? 2. How many units must be sold to achieve a target profit of $18,900? 3. What is the degree of operating leverage?
oslo company prepared the following contribution format income statement based on a sales volume of 1,000...
oslo company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 to 1,500): sales $85,00, variable expensed 59,500, contribution margin 25,500 fixed expensed 20,400 net operating income $51,100. how many units must be sold to achieve a target profit of $15,300
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,200 2. What is the contribution margin ratio? Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34). Contribution marginalio 1 1%
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,898 7,800 Net operating income $ 4,200 9. What is the break-even point in dollar sales? (Round intermediate calculations to 4 decimal places. Round your answer to the nearest doller amount.)
View Oslo Company prepared the following contribution format income statement based on a sales volume of...
View Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,280 11a What is the margin of safety in dollars? (Do not round Intermediate calculations.)
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 40,000 26,000 14.000 8.680 $ 5,320 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information [The following information applies...
[The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format...
[The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Pixed expenses Net operating income $ 40,000 26.000 14,000 8,680 $ 5,320 5. If sales decline to 900 units, what would be the net operating income? Net operating income [The following information applies to the questions displayed below.)...
GymShark Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): $ Sales Variable expenses Contribution margin Fixed expenses Net operating income 105,000 73,500 31,500 27,720 3,780 $ Required: 1. What is the break-even point in dollar sales? 2. How many units must be sold to achieve a target profit of $18,900? 3. What is the degree of operating leverage?
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,200 2. What is the contribution margin ratio? Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34). Contribution marginalio 1 1%
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,898 7,800 Net operating income $ 4,200 9. What is the break-even point in dollar sales? (Round intermediate calculations to 4 decimal places. Round your answer to the nearest doller amount.)
View Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,800 Net operating income $ 4,280 11a What is the margin of safety in dollars? (Do not round Intermediate calculations.)
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 20,000 13,000 7,000 3,780 $ 3,220 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? Net operating income Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 40,000 26,000 14.000 8.680 $ 5,320 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information [The following information applies...
[The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Pixed expenses Net operating income $ 40,000 26.000 14,000 8,680 $ 5,320 5. If sales decline to 900 units, what would be the net operating income? Net operating income [The following information applies to the questions displayed below.)...
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