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Static Budget UnitsNolume 6,000 Per Unit $7.00 1.50 Sales Revenue Variable Costs Contribution Margin Fixed Costs...
Units: Contribution Margin Fixed Costs Operating Income Sales Revenue Variable Costs SafeNow sells its main product,...
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
A company's flexible budget for 16,000 units of production showed sales, $48,000; variable costs, $24,000; and fixed co...
A company's flexible budget for 16,000 units of production showed sales, $48,000; variable costs, $24,000; and fixed costs, $17,000. The operating income expected if the company produces and sells 17,000 units is: Multiple Choice o $ 7,000. o $44,000. o $5,000. o $8,500. o $22,000.
Sales (13,200 units × $30 per unit) $ 396,000 Variable expenses 198,000 Contribution margin 198,000 Fixed...
Sales (13,200 units × $30 per unit) $ 396,000 Variable expenses 198,000 Contribution margin 198,000 Fixed expenses 220,500 Net operating loss $ (22,500 ) Required: 1. Compute the company’s CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes that a $6,700 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in an $86,000 increase in monthly sales. If the president is right, what will be...
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing...
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing costs Selling and administrative costs 20 300,000 10 150,000 $20 $ 300,000 Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs 76,000 126,000 Total fixed costs 202,000 Net income $ 98,000 What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice 0 $0 F 0 $60,000 F 0 $360,000 U 0 $158,000 F
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Mill...
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contribution format income statement for the most recent month is shown below: Total 328,000 Per Unit 8.00 Sales (41,000 units) Variable expenses 205,000 5.00 Contribution margin 3.00 123,000 Fixed expenses 41,000 Net operating income 82,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 10%? 2. What is the revised net...
Units:
Contribution Margin
Fixed Costs
Operating Income
Sales Revenue
Variable Costs
SafeNow sells its main product, ergonomic mouse pads, for $13 each. Its variable cost is $5.10 per pad. Fixed costs are $205,000 per month for volumes up to 65,000 pads. Above 65,000 pads, monthly fixed costs are $260,000. Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 40,000, 45,000, and 75,000 pads. SafeNow Flexible Budget Budget...
A company's flexible budget for 16,000 units of production showed sales, $48,000; variable costs, $24,000; and fixed costs, $17,000. The operating income expected if the company produces and sells 17,000 units is: Multiple Choice o $ 7,000. o $44,000. o $5,000. o $8,500. o $22,000.
The following static budget is provided: Per unit $50 Total $750,000 Sales Less variable costs: Manufacturing costs Selling and administrative costs 20 300,000 10 150,000 $20 $ 300,000 Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs 76,000 126,000 Total fixed costs 202,000 Net income $ 98,000 What will be the overall volume variance if 18,000 units are produced and sold? Multiple Choice 0 $0 F 0 $60,000 F 0 $360,000 U 0 $158,000 F
Exercise 5-13 Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contribution format income statement for the most recent month is shown below: Total 328,000 Per Unit 8.00 Sales (41,000 units) Variable expenses 205,000 5.00 Contribution margin 3.00 123,000 Fixed expenses 41,000 Net operating income 82,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 10%? 2. What is the revised net...
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