Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows: Bedroom Division Dining Room Division Sales $747,600 $320,400 Variable costs 448,560
Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows:
| Bedroom Division | Dining Room Division | ||||||||
| Sales | $747,600 | $320,400 | |||||||
| Variable costs | 448,560 | 256,320 | |||||||
| Contribution margin | $299,040 | $64,080 | |||||||
Determine the company’s weighted-average contribution margin ratio.
Homework Answers
Request Answer!
We need at least 8 more requests to produce the answer.
2 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Family Furniture Co. has two divisions: bedroom division and dining room division. The results of operations for the most recent quarter are as follows: Bedroom Division Dining Room Division Sales $747,600 $320,400 Variable costs 448,560
Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of...
Faune Furniture Co. consists of two divisions, Bedroom Division and Dining Room Division. The results of operations for the most recent quarter are: Bedroom Division Dining Room Division Total Sales $506,800 $760,200 $1,267,000 Variable costs 273,672 440,916 714,588 Contribution margin $233,128 $319,284 $ 552,412 (a) Determine the company’s sales mix. (Round answers to 2 decimal places, e.g. 0.15.) Sales mix Bedroom Division Enter a number Dining Room Division Enter a number
4 Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent...
4 Delisa Corporation has two divisions: Division L and Division Q. Data from the most recent month appear below: Total Company Division L Division Q Sales $ 541,000 $ 173,000 $ 368,000 Variable expenses 323,720 117,640 206,080 Contribution margin 217,280 55,360 161,920 Traceable fixed expenses 111,910 38,710 73,200 Segment margin 105,370 $ 16,650 $ 88,720 Common fixed expenses 64,160 Net operating income $ 41,210 The break-even in sales dollars for Division Q is closest to: (Round your intermediate calculations to...
Chao, Inc., a service provider, has two divisions. The firm’s most recent annual contribution format segmented...
Chao, Inc., a service provider, has two divisions. The firm’s
most recent annual contribution format segmented income statement
appears below.
If the company eliminates the Western Division and the Eastern
Division sales increase by 10% as a result, how much will the
company’s net operating income decrease?
Chao, Inc., a service provider, has two divisions. The firm's most recent annual contribution format segmented income statement appears below Total Eastern Company Division Division $450,000 $90,000 $360,000 27,000 63,000 46,800 106,200 $16,200...
Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lin...
Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarter’s activity are presented below. Tablet Division MP3 Player Division Total Sales $854,000 $546,000 $1,400,000 Variable costs 631,960 300,300 932,260 Contribution margin $222,040 $245,700 467,740 Fixed costs 136,981 Net income $330,759 Determine sales mix percentage and contribution margin ratio for each division. Sales Mix Percentage Tablet division % MP3 Player division % Contribution Margin Ratio Tablet...
Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines....
Personal Electronix sells iPads and iPods. The business is divided into two divisions along product lines. CVP income statements for a recent quarter’s activity are presented below. iPad Division iPod Division Total Sales $968,500 $521,500 $1,490,000 Variable costs 687,635 286,825 974,460 Contribution margin $280,865 $234,675 515,540 Fixed costs 142,206 Net income $373,334 Determine sales mix percentage and contribution margin ratio for each division. (Round answers to 0 decimal places, e.g. 15%.) Sales Mix Percentage iPad division enter a percentage number...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240 budgeted expenses include $114,240 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,600 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 136 142 60 68 $170,000 $176,080 $6,080...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $156,000...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 144 150 72 80 $180,000 $186,000 $6,000...
Multiple Choice Question 139 Ivanhoe Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30...
Multiple Choice Question 139 Ivanhoe Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Ivanhoe's annual fixed costs are estimated at $148200. The average selling price in the Wine division is $15 with a variable cost of $6. The average selling price in the Beer division is $6 with a variable cost of $3. What is Ivanhoe's weighted-average contribution margin ratio? 60% 57% 53% 30%
Westerville Company reported the following results from last year’s operations: Sales $ 1,750,000 Variable expenses 520,000...
Westerville Company reported the following results from last year’s operations: Sales $ 1,750,000 Variable expenses 520,000 Contribution margin 1,230,000 Fixed expenses 880,000 Net operating income $ 350,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics: Sales $ 320,000 Contribution margin ratio 60 % of sales Fixed expenses $ 128,000 The company’s minimum required rate of return is 20%. 13. If the company pursues...
Smith's Chocolates submitted the following results from last year’s operations: Sales $ 11,400,000 Variable expenses 8,180,000...
Smith's Chocolates submitted the following results from last year’s operations: Sales $ 11,400,000 Variable expenses 8,180,000 Contribution margin 3,220,000 Fixed expenses 2,422,000 Net operating income $ 798,000 Average operating assets $ 6,000,000 At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales $ 2,880,000 Contribution margin ratio 30 % of sales Fixed expenses $ 720,000 The company’s minimum required rate of return is 12%. If the company pursues the investment opportunity, this...
Chao, Inc., a service provider, has two divisions. The firm’s
most recent annual contribution format segmented income statement
appears below.
If the company eliminates the Western Division and the Eastern
Division sales increase by 10% as a result, how much will the
company’s net operating income decrease?
Chao, Inc., a service provider, has two divisions. The firm's most recent annual contribution format segmented income statement appears below Total Eastern Company Division Division $450,000 $90,000 $360,000 27,000 63,000 46,800 106,200 $16,200...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $167,240 budgeted expenses include $114,240 in variable expenses for desks and $21,000 in variable expenses for chairs, as well as $32,000 fixed expenses. The actual expenses include $33,600 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 136 142 60 68 $170,000 $176,080 $6,080...
Business Solutions's second-quarter 2018 fixed budget performance report for its computer furniture operations follows. The $156,000 budgeted expenses include $108,000 in variable expenses for desks and $18,000 in variable expenses for chairs, as well as $30,000 fixed expenses. The actual expenses include $31,000 fixed expenses. List fixed and variable expenses separately. Desk sales (in units) Chair sales (in units) Desk sales Chair sales Total expenses Income from operations Fixed Budget Actual Results Variances 144 150 72 80 $180,000 $186,000 $6,000...
Multiple Choice Question 139 Ivanhoe Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Ivanhoe's annual fixed costs are estimated at $148200. The average selling price in the Wine division is $15 with a variable cost of $6. The average selling price in the Beer division is $6 with a variable cost of $3. What is Ivanhoe's weighted-average contribution margin ratio? 60% 57% 53% 30%
Most questions answered within 3 hours.
-
The velocity field of a flow is given by V = (2+1) x
y2 i +...
asked 8 minutes ago -
(EPS with
Convertible Bonds) On June 1, 2012, Bluhm Company and
Amanar Company merged to form...
asked 5 minutes ago -
2. Discuss why the study exemplifies one that agrees with The
American Psychological Association’s (APA) Ethical...
asked 9 minutes ago -
Without considering the following capital gains and losses,
Charlene, who is single, has a taxable income...
asked 17 minutes ago -
1a. The __________ functional group often triggers our sense of
smell.
1b. The geometry around a...
asked 30 minutes ago -
A uniform plank of length 2.00 m and mass 34.0 kg is supported
by three ropes,...
asked 31 minutes ago -
Suppose a floor on a hospital has 12 physicians at any given
time. You are brought...
asked 45 minutes ago -
Compartmentalization
in eukaryotic cells facilitates chemical reactions happening faster
due to... Select all
Substrates needed for...
asked 31 minutes ago -
The deltaH for the solution process when solid sodium
hydroxide dissolves in water is 44.4 kJ/mol....
asked 34 minutes ago -
a. Discuss the reciprocal/opposite “hormonal” regulation of the
most highly regulated steps of these two pathways....
asked 53 minutes ago -
Members of unions had mounted campaigns to persuade customers
not to shop at a company because...
asked 54 minutes ago -
Why is the alpha carboxyl group pka value 2 ?
And why is an alpha amino...
asked 1 hour ago