20 | ROI =Net Income / Average operating assets | |||
Net Income =$2,000,000*14% =$280,000 | ||||
Net Income | $2,80,000 | |||
Add:Fixed cost | $4,50,000 | |||
Contribution margin | $7,30,000 | |||
Add:Variable cost | $1,25,000 | |||
Sales | $8,55,000 | |||
Selling price per unit | $8.55 | |||
($855,000/100,000 units) | ||||
So Option A is answer | ||||
2 | Total Power cost | |||
Machine Hours | Power cost | |||
High level of activity | 17,600 | $30,400 | ||
Low level of activity | 8,600 | $16,900 | ||
Change | 9,000 | $13,500 | ||
Variable Power cost per machine hours =$13,500 / 9,000 hours =$1.50 per machine hours | ||||
Fixed cost element =$30,400 - (17,600*$1.50) | ||||
Fixed cost element =$30,400 - $26,400 =$4,000 | ||||
Fixed cost element =$16,900 - (8,600*$1.50) | ||||
Fixed cost element =$16,900 - $12,900 =$4,000 | ||||
High | Low | |||
Fixed power cost | $4,000 | $4,000 | ||
4 | Rent per room | $115 | ||
Less:Variable costs: | ||||
Maid services | $31 | |||
Other costs | $61 | |||
Contribution margin per room | $23 | per room | ||
Contribution margin ratio | 20% | |||
Fixed Costs: | ||||
Salaries | $5,500 | |||
Utilities | $1,000 | |||
Depreciation | $1,200 | |||
Maintainance | $1,868 | |||
Total Fixed costs | $9,568 | |||
Breakeven point | ||||
($9,658 / $23) | 416 | rooms | ||
Breakeven point in dollars | ||||
($9,658 / 0.20) | $47,840 | |||
Practice Assignment Gradebook ORION Downloadable eTextbook ssignment CES Question 20 Coronado Industries has a ne...
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x + edugen.wileyplus.com/edugen/student/mainfr.uni US Kimmel, Accounting, 7e Practice Assignment Gradebook ORION Downloadable eTextbook ssignment ES Exercise 13-06 Here are the comparative income statements of Oriole Corporation. ORIOLE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $632,300 $544,800 Cost of goods sold 456,600 415,500 Gross Profit 175,700 129,300 Operating expenses 74,100 44,500 Net income $ 101,600 $ 84,800 (a) Prepare a horizontal analysis of the income statement data for Oriole Corporation, using 2021 -55,000, -20%...
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