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Question 11 4 pts Sunshine Blender Company sold 5000 units in September at a sales price...
ABC Company sold 3000 units in October at a sales price of $45 per unit. The...
ABC Company sold 3000 units in October at a sales price of $45 per unit. The variable cost is $25 per unit. Calculate the total contribution margin also in percentage and per unit.
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is $10 per unit, what is their margin of safety in dollars? $50,000 $28,000 $22,000 $78,000 Question 16 1 pts Keaubie Company has the following: Total Sales: $500,000; Contribution Margin Ratio: 20%; Fixed Costs: $80,000; What is the amount of Keaubie Company's net income or net loss for the period? $100,000 net loss $100,000 net income $20,000 net loss $20,000...
In the month of September, Matlock Industries sold 800 units of product. The average sales price...
In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin (in dollars) Unit contribution margin 24 Contribution margin ratio Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales (in dollars) Break-even sales (in units) units Question Attemnts...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
Sales
$
465,000
Beginning merchandise inventory
$
31,000
Purchases
$
310,000
Ending merchandise inventory
$
15,500
Fixed selling expense
$
?
Fixed administrative expense
$
18,600
Variable selling expense
$
23,250
Variable administrative expense
$
?
Contribution margin
$
93,000
Net operating income
$
27,900
Prepare a contribution format income statement.
Prepare a traditional format income statement.
Calculate the selling price per unit, the variable...
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the...
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the unit selling price? Cannot be determined $200 $300 $48 Question 16 A division sold 200,000 calculators during 2017: Sales $2,000,000 Variable costs: Materials $380,000 Order processing 150,000 Billing labor 110,000 Selling expenses 60,000 Total variable costs 700,000 Fixed costs 1,000,000 How much is the unit contribution margin? $6.50 $8.50 $3.50 $1.00 Question 17 4 pts At the...
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...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise Inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 300,000 $ 20,000 $ 200,000 $ 7. eee $ $ 12.000 $ 15,000 $ 7 $ 60,000 $ 18,000 Required: 1. Prepare a contribution format income statement 2. Prepare a traditional format income statement. 3. Calculate the selling price...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 315,000 Beginning merchandise inventory $ 21,000 Purchases $ 210,000 Ending merchandise inventory $ 10,500 Fixed selling expense $ ? Fixed administrative expense $ 12,600 Variable selling expense $ 15,750 Variable administrative expense $ ? Contribution margin $ 63,000 Net operating income $ 18,900 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price...
1. The number of units sold increases by 17%. 2. The selling price decreases by $1.30...
1. The number of units sold increases by 17%.
2. The selling price decreases by $1.30 per unit, and the number
of units sold increases by 23%.
3. The selling price increases by $1.30 per unit, fixed expenses
increase by $6,000, and the number of units sold decreases by
7%.
4. The selling price increases by 20%, variable expenses
increase by 20 cents per unit, and the number of units sold
decreases by 11%.
Miller Company's most recent contribution...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales 330,000 Beginning merchandise inventory 22,000 purchases 220,000 Ending merchandise inventory 11,000 Fixed administrative expense ? Fixed administrative expense 13,200 Variable selling expense 16,500 Variable administrative expense ? Contribution margin 66,000 Net operating Income 19,800 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is $10 per unit, what is their margin of safety in dollars? $50,000 $28,000 $22,000 $78,000 Question 16 1 pts Keaubie Company has the following: Total Sales: $500,000; Contribution Margin Ratio: 20%; Fixed Costs: $80,000; What is the amount of Keaubie Company's net income or net loss for the period? $100,000 net loss $100,000 net income $20,000 net loss $20,000...
In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales. Determine the contribution margin in dollars, per unit, and as a ratio. Contribution margin (in dollars) Unit contribution margin 24 Contribution margin ratio Using the contribution margin technique, compute the break-even point in dollars and in units. Break-even sales (in dollars) Break-even sales (in units) units Question Attemnts...
Todrick Company is a merchandiser that reported the following
information based on 1,000 units sold:
Sales
$
465,000
Beginning merchandise inventory
$
31,000
Purchases
$
310,000
Ending merchandise inventory
$
15,500
Fixed selling expense
$
?
Fixed administrative expense
$
18,600
Variable selling expense
$
23,250
Variable administrative expense
$
?
Contribution margin
$
93,000
Net operating income
$
27,900
Prepare a contribution format income statement.
Prepare a traditional format income statement.
Calculate the selling price per unit, the variable...
Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the unit selling price? Cannot be determined $200 $300 $48 Question 16 A division sold 200,000 calculators during 2017: Sales $2,000,000 Variable costs: Materials $380,000 Order processing 150,000 Billing labor 110,000 Selling expenses 60,000 Total variable costs 700,000 Fixed costs 1,000,000 How much is the unit contribution margin? $6.50 $8.50 $3.50 $1.00 Question 17 4 pts At the...
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...
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise Inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 300,000 $ 20,000 $ 200,000 $ 7. eee $ $ 12.000 $ 15,000 $ 7 $ 60,000 $ 18,000 Required: 1. Prepare a contribution format income statement 2. Prepare a traditional format income statement. 3. Calculate the selling price...
1. The number of units sold increases by 17%.
2. The selling price decreases by $1.30 per unit, and the number
of units sold increases by 23%.
3. The selling price increases by $1.30 per unit, fixed expenses
increase by $6,000, and the number of units sold decreases by
7%.
4. The selling price increases by 20%, variable expenses
increase by 20 cents per unit, and the number of units sold
decreases by 11%.
Miller Company's most recent contribution...
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