the amount of income or loss at each level of sales can be derived from the total sales and total cost lines in a CVP graph
True or False
The amount of income or loss at each level of sales can be derived from the total sales and total cost lines in a CVP graph.
The given statement is true.
With the help of total sales and total cost lines, income or loss at each level of sales can be derived. The difference between sales and total cost lines indicates the amount of profit earned or loss suffered.
The sales range up to which total cost line lies above the total sales line, there is a loss. After break even level (the point at which total cost and total sales line intersect), the difference between total sales line and total cost line indicates profit.
the amount of income or loss at each level of sales can be derived from the...
Amount of milk derived from cow per day is an example of continuous data Select one: O True O False
c. The confidence interval formula for the population intercept (β0) can be derived from the confidence interval formula of μY. Can someone EXPLAIN if this is true or false?
Break-Even Sales Under Present and Proposed ConditionsPortmann Company, operating at full capacity, sold 1,000,000 units at a price of $188 per unit during the current year. Its income statement is as follows:Sales$188,000,000 Cost of goods sold(99,000,000)Gross profit$89,000,000 Expenses:Selling expenses$14,000,000Administrative expenses16,400,000Total expenses(30,400,000)Operating income$58,600,000The division of costs between variable and fixed is as follows:VariableFixedCost of goods sold70%30%Selling expenses75%25%Administrative expenses50%50%Management is considering a plant expansion program for the following year that will permit an increase of $13,160,000 in yearly sales. The expansion will...
Determine the amount of sales (units) that would be necessary under Break-Even Sales Under Present and Proposed Conditions Darby Company, operating at full capacity, sold 81,000 units at a price of $72 per unit during the current year. Its income statement for the current year is as follows: Sales $5,832,000 Cost of goods sold 2,880,000 Gross profit $2,952,000 Expenses: Selling expenses $1,440,000 Administrative expenses 1,440,000 Total expenses 2,880,000 Income from operations $72,000 The division of costs between fixed and variable...
can you explain in detail
where each number is derived from and how to go about the
problems?
PROBLEM 7B GIVEN: VC/UNIT VC % FC TAX RATE AFTER-TAX NI 66 75.00% 396,000 30% 203,280 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA PER UNIT TOTAL UNITS = 31,200 100.00% 75.00% 25.00% 88 66 22 SALES VC CM FC PT TAX AT 2,745,600 2,059,200 686,400 396,000 290,400 87,120 203,280 100.00% 30.00% 70.00%
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Net income or net loss can be determined by the adjusted trial balance figures. O True False
QUESTION 7 Which of the following statements is correct with regard to a CVP (Cost, Volume, Profit) graph? 1.A CVP graph shows the maximum possible profit. 2.A CVP graph shows the break-even point as the intersection of the total sales revenue line and the total expense line 3.A CVP graph assumes that total expense varies in direct proportion to unit sales. 4.A CVP graph shows the operating leverage as the gap between total sales revenue and total expense at the...