Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit...
Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is
$186000.
$14000.
$124000.
$310000.
Homework Answers
Contribution margin=Sales-Variable cost
=100-60
=$40 per unit
=40*3100
=$124000
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Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit...
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Miller Company's most recent contribution format income statement is shown below: Sales (32.000 units) Variable expenses...
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Percent of Selling price Variable expenses Contribution margin Per Unit $150 60 $ 90 Sales 1008...
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Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000...
Miller Company's most recent income statement follows: Sales (28,000 units) Less: Variable expenses Total $336,000 140,000 Per Unit $12 Contribution margin 196.000 $ Less: Fixed expenses 21,000 Net income $175,000 Required: 1. Prepare a new income statement if the sales volume increases by 25%, and the selling price decreases by $3.00. (Round "Per Unit" answers to 2 decimal places.) Total Per Unit Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net income 2. Prepare a new income statement if...
Amount 13,000 Number of units sold Selling price per unit Variable selling expense per unit Variable...
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Miller Company's most recent contribution format income statement is shown below: Sales (39,000 units) Variable expenses...
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Chapter 5: Applying Excel Data Unit sales 20,000 units $60 Selling price per unit Variable expenses per unit Fixed expenses per unit $45 per unit $240,000 Enter a formula into each of the cells marked with a ? below Review Problem: CVP Relations hips Compute the CM ratio and variable expense ratio Selling price per unit Variable expenses per unit Contribution margin per unit ? per unit ? per unit ? per unit CM ratio Variable expense ratio ? Compute...
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Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 20,000 $30 $4 $2 $40,000 $30,000 $24,000 $44,000 $180,000 2. Prepare a contribution format income statement Cherokee, Inc. Contribution Format Income Statement Sales. Variable expenses: Cost of goods sold. Selling expense Administrative expenses Fixed expenses: Selling expenses Administrative expenses... Net operating income ....
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