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QUESTION 14 Product Q is currently sold at £20 per unit, and variable costs are 60%...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
4. When the selling price per unit and variable costs per unit remain constant, if total...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
Current: 5,500,000 units sold per year at $0.50 per unit. Fixed costs are $1,140,000 annually. Variable...
Current: 5,500,000 units sold per year at $0.50 per unit. Fixed costs are $1,140,000 annually. Variable costs are $0.20 per unit. 20% increase in fixed costs and a 20% increase in units sold results in a new operating (gain or loss) of____________? 40% decrease in fixed costs, with a 40% decrease in selling price, 10% decrease in variable cost per unit, and a 45% increase in units sold results in a new operating (gain or loss) of____________? What is the...
The following data apply to Beta Corporation for a given period: Variable costs per unit $3.50 Contribution ma...
The following data apply to Beta Corporation for a given period: Variable costs per unit $3.50 Contribution margin per unit $1.50 Breakeven sales (present volume) $1,000,000 Beta wants to sell an additional 50,000 units at the same selling price. Variable costs per unit are not likely to change, but Beta may incur additional fixed costs. By how much can fixed costs increase before the additional 50,000 units of sales are not worthwhile?
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving...
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50%...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50% of the sales price and the total fixed costs are $300,000. During the summer, the Poncho Company renovated its factory. As a result, its total fixed costs increased by another $96,000 and variable costs decreased to 40% of the sales price. Determine the breakeven point in units and dollars before and after the renovation, using the contribution margin technique. Units Dollars Breakeven before modernization:...
A company had sales of $4,600,000 (40,000 units); Variable costs of $60 per unit; and Fixed...
A company had sales of $4,600,000 (40,000 units); Variable costs of $60 per unit; and Fixed costs of $600,000... -What was the average sale price per unit? -What was the contribution margin per unit? -What was the total contribution margin? -What was the income before taxes for the year?
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Co...
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Costs Annual Fixed Selling and Admin Costs 150 80 25 40,000 s 60,000 REQUIRED Determine the break-even point in units and dollars using the following approaches. 1 Equation method 2 Contribution margin per unit. 3 Contribution margin ratio. 4 Confirm your results by preparing a contribution margin income statement for the breakeven sales...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost per unit is $57, and total fixed costs are $1,760,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 5,280,000 (b) Determine the formula used to calculate the operating income. Contribution margin. Total fixed costs –...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter...
2. The Poncho Company sells ponchos at $60 each. The variable cost per unit is 50% of the sales price and the total fixed costs are $300,000. During the summer, the Poncho Company renovated its factory. As a result, its total fixed costs increased by another $96,000 and variable costs decreased to 40% of the sales price. Determine the breakeven point in units and dollars before and after the renovation, using the contribution margin technique. Units Dollars Breakeven before modernization:...
Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Costs Annual Fixed Selling and Admin Costs 150 80 25 40,000 s 60,000 REQUIRED Determine the break-even point in units and dollars using the following approaches. 1 Equation method 2 Contribution margin per unit. 3 Contribution margin ratio. 4 Confirm your results by preparing a contribution margin income statement for the breakeven sales...
Bailey Manufacturing sold 440,000 units of its product for $69 per unit in 2017. Variable cost per unit is $57, and total fixed costs are $1,760,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 5,280,000 (b) Determine the formula used to calculate the operating income. Contribution margin. Total fixed costs –...
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