Homework Answers
Requirement 2
Margin of safety= 31.10%
You needed to put the answer in 2 decimal place that is 31.10%.
Requirement 3
Required sales = $1,110,000
Working.
| A | Actual Sales | $ 900,000.00 |
| B | Breakeven sales | $ 620,100.00 |
| C=A-B | Margin of safety sales | $ 279,900.00 |
| D=C/A | Margin of safety ratio | 31.100% |
.
| A | Sale Price per unit | $ 30.00 |
| B | Variable Cost per Unit | $ 18.00 |
| C=A x B | Unit Contribution | $ 12.00 |
| D | Total Fixed cost plus desired profit | $ 444,000.00 |
| E=D/C | Units to earn desired profit | 37000.00 |
| F= E x A | Sales $ to earn desired profit | $ 1,110,000.00 |
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got the first part right but don’t know why i keep getting the last two parts wrong CALCULATOR PRINTER VERSION BACK...
Ivanhoe Company makes radios that sell for $40 each. For the coming year, management expects fixed...
Ivanhoe Company makes radios that sell for $40 each. For the
coming year, management expects fixed costs to total $153,360 and
variable costs to be $28 per unit.
Your answer is incorrect. Try again.
Compute the break-even point in dollars using the contribution
margin (CM) ratio.
Break-even point
$
LINK TO TEXT
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
$720,000. (Round margin of safety ratio to 2 decimal...
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Please answer all :)) Do It! Review 5-5 Cullumber Company makes radios that sell for $30...
Please answer all :))
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Presto Company makes radios that sell for $28 each. For the
coming year, management expects fixed costs to total $278,880 and
variable costs to be $16.80 per unit.
(a) Compute the break-even point in dollars using
the contribution margin (CM) ratio.
Break-even point
$
(b) Compute the margin of safety ratio assuming
actual sales are $944,715. (Round margin of safety
ratio to 2 decimal places, e.g. 10.50%.)
Margin of safety
%
(c) Compute the sales dollars required to earn net...
Ivanhoe Company makes radios that sell for $40 each. For the
coming year, management expects fixed costs to total $153,360 and
variable costs to be $28 per unit.
Your answer is incorrect. Try again.
Compute the break-even point in dollars using the contribution
margin (CM) ratio.
Break-even point
$
LINK TO TEXT
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
$720,000. (Round margin of safety ratio to 2 decimal...
CALCULATOR PRINTER VERSION BACK Problem 18-4A Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new ighting system and increased display space that will add $49,200 in fixed costs to the $396,000 currently spent. In addition, Mary is proposing that a 5% price decrease (560 to $57) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at...
Please answer all :))
Do It! Review 5-5 Cullumber Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $181,770 and variable costs to be $21 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $830,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of...
Do It Review 5-5 Sandhill Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $108,410 and variable costs to be $24 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratlo. Break-even point Compute the margin of safety ratio assuming actual sales are $240,000(Round margin of safety ratio to 2 decimal placus, ... 10.50.) Margin of safety Compute the sales dollars required to earn net income of...
Do It Review 18-05 Sun and Company makes radios that sell for $50 each. For the coming year, management expects fixed costs to total $125,280 and variable costs to be 540 per unit Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $870,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50) Margin of safety Compute the sales dollars required...
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Presto Company makes radios that sell for $28 each. For the
coming year, management expects fixed costs to total $278,880 and
variable costs to be $16.80 per unit.
(a) Compute the break-even point in dollars using
the contribution margin (CM) ratio.
Break-even point
$
(b) Compute the margin of safety ratio assuming
actual sales are $944,715. (Round margin of safety
ratio to 2 decimal places, e.g. 10.50%.)
Margin of safety
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