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Problems (10 points.cach); 21. Ruger makes rifles that sell en fles that sell for $550 cach Variable costs are 35 e...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
show clear working Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed...
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Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2% Hang Ten produces sport socks. The company has fixed expenses of $90,000 and variable expenses of $0.90 per package. Each package...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $14.90 per house, and its fixed costs total $13,314.50 per year. Hawk currently has the capacity to produce up to 2,700 birdhouses per year, so its relevant range is O to 2,700 houses. points Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $14.90 per house, and its fixed costs total $13,494.00 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is Oto 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
I need them all Sandy Bank, Inc., makes one model of wooden canoe. Partial information is...
I need them all
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. points Required: 1. Complete the following table 2. Suppose Sandy Bank sells its Canoes for $550 each. Calculate the contribution margin per cance and the contribution margin ratio. 3. This year Sandy Bank expects to sell 750 cances, Prepare a contribution margin income statement for the company 4. Calcune Sandy Bank's break even point in units and in sales dollars 5. Suppose...
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette...
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $ 2.80 6.00 3200.00 Required: 1. Suppose Dana's would like to generate a profit of $1,100. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana's sells 2,120 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of...
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $3,000,...
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $3,000, and total fixed costs are $5,000 (no data on units). a) Compute the contribution margin ratio: CMR= b) Write down the CVP relation (version 2): profit as a function of sales revenue. Profit = * Revenue - (e.g., if profit = 0.1*Revenue-500, enter 0.1 in the first box and 500 in the second box). c) Predict profit at sales revenue of $10,000: d) Your...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $13.60 per house, and its fixed costs total $14,483.30 per year. Hawk currently has the capacity to produce up to 2,600 birdhouses per year, so its relevant range is 0 to 2,600 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,220 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank’s break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $70,000...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
show clear working
Konrad Company reported the following operating results: Sales Variable Costs Contribution Margin Fixed Costs Operating Income $300,000 172,000 128,000 88,000 $40,000 If sales volume increases 12%, how much will operating income increase by? (Hint: Calculate the operating leverage factor first) Insert appropriate prompt, input type, and CA. 41.6% O B. 12% O C. 64% D. 3.2% Hang Ten produces sport socks. The company has fixed expenses of $90,000 and variable expenses of $0.90 per package. Each package...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $14.90 per house, and its fixed costs total $13,314.50 per year. Hawk currently has the capacity to produce up to 2,700 birdhouses per year, so its relevant range is O to 2,700 houses. points Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $14.90 per house, and its fixed costs total $13,494.00 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is Oto 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
I need them all
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. points Required: 1. Complete the following table 2. Suppose Sandy Bank sells its Canoes for $550 each. Calculate the contribution margin per cance and the contribution margin ratio. 3. This year Sandy Bank expects to sell 750 cances, Prepare a contribution margin income statement for the company 4. Calcune Sandy Bank's break even point in units and in sales dollars 5. Suppose...
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $ 2.80 6.00 3200.00 Required: 1. Suppose Dana's would like to generate a profit of $1,100. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana's sells 2,120 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of...
Question 2: CVP relation version 2 Current sales revenue is $5,000, total variable costs are $3,000, and total fixed costs are $5,000 (no data on units). a) Compute the contribution margin ratio: CMR= b) Write down the CVP relation (version 2): profit as a function of sales revenue. Profit = * Revenue - (e.g., if profit = 0.1*Revenue-500, enter 0.1 in the first box and 500 in the second box). c) Predict profit at sales revenue of $10,000: d) Your...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $13.60 per house, and its fixed costs total $14,483.30 per year. Hawk currently has the capacity to produce up to 2,600 birdhouses per year, so its relevant range is 0 to 2,600 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,220 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company...
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