Homework Answers
| 1 | Margin of safety =Actual Sales - Break even sales | |||
| So Option B is answer | ||||
| 2 | Cost structure refers to the proportion of variable expenses and fixed expenses that is incurred | |||
| by the business in its operations | ||||
| So Option C is answer | ||||
| 3 | Break-even point is the point(in units or $) where there is no profit or loss | |||
| So when Contribution Margin is equal to Fixed cost then there will be Break-even | ||||
| So Option B is answer | ||||
| 4 | Contribution margin =Sales - Variable costs | |||
| So Option A is answer | ||||
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The amount by which actual or expected sales exceeds break-even sales is referred to as contribution...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit margin. O 2) excludes variable selling costs from its calculation. 3) is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. 4) equals sales revenue minus variable costs. Question 2 (1 point) Contribution margin is 1) the amount of revenue remaining after deducting fixed costs. O2) available to cover fixed costs and contribute to income for the company. 3) sales...
Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit Schylar Pharmaceuticals, Inc., plans to...
Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit Schylar Pharmaceuticals, Inc., plans to sell 100,000 units of antibiotic at an average price of $22 each in the coming year. Total variable costs equal $660,000. Total fixed costs equal $7,200,000. Required: 1. What is the contribution margin per unit? Round your answer to the nearest cent. $ What is the contribution margin ratio? Round your answer to two decimal places. (Express as a decimal-based answer rather than a...
Please help with 4-8 Determine the amount of sales (units) that would be necessary under Break-Even...
Please help with 4-8
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 120,150 units at a price of $48 per unit during the current year. Its income statement for the current year is as follows: Sales $5,767,200 Cost of goods sold 2,848,000 $2,919,200 Gross profit Expenses: Selling expenses Administrative expenses $1,424,000 1,424,000 Total expenses 2,848,000 Income from operations $71,200 The division of costs...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O...
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
Which of the following is accurate? The break-even point occurs when the total contribution margin equals...
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
Question 19 The break-even point is where total sales equal total variable costs total variable costs...
Question 19 The break-even point is where total sales equal total variable costs total variable costs equal total fixed costs contribution margin equals total fixed costs total sales equal total fixed costs.
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520....
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
Knowledge Check 03 Once the break-even point has been reached, net operating income will increase by...
Knowledge Check 03
Once the break-even point has been reached, net operating income
will increase by the amount of the _____ for each additional unit
sold.
unit contribution margin
unit selling price
variable expense per unit
fixed expense per unit
Knowledge Check 04
Break-even point is the level of sales at which ______.
total profits equals total costs
total profits exceed total costs
total revenue equals total costs
total sales equal total projections
Knowledge Check 01 Atlas Corporation sells 100...
Exam #2 Review I. Which of the following would not affect the units required to break-even?...
Exam #2 Review I. Which of the following would not affect the units required to break-even? a. number of units actually sold b. variable expense per unit e. total fixed expense d. selling price per unit 2. Which of the following would be more likely produce a labor efficiency variance? a. Using less expensive direet materials b. Use of persons with high wage rates in tasks that normally call for minimum wage employees c. Using untrained workers d. Higher overhead...
Time LimLU.JU.00 Question 1 (1 point) Contribution margin 1) is always the same as gross profit margin. O 2) excludes variable selling costs from its calculation. 3) is calculated by subtracting total manufacturing costs per unit from sales revenue per unit. 4) equals sales revenue minus variable costs. Question 2 (1 point) Contribution margin is 1) the amount of revenue remaining after deducting fixed costs. O2) available to cover fixed costs and contribute to income for the company. 3) sales...
Please help with 4-8
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 120,150 units at a price of $48 per unit during the current year. Its income statement for the current year is as follows: Sales $5,767,200 Cost of goods sold 2,848,000 $2,919,200 Gross profit Expenses: Selling expenses Administrative expenses $1,424,000 1,424,000 Total expenses 2,848,000 Income from operations $71,200 The division of costs...
Which statement about the break-even point is false: Multiple Choice The break-even point is where sales are equal to variable costs. The break-even point can be expressed in both units sold and in sales dollars. The break-even point is where contribution margin is equal to fixed costs. O O The break-even point is the level of sales at which point profit is zero.
Multiple Choice Question 153 At the break-even point, O contribution margin equals total variable costs. O sales equal total fixed costs. O sales equal total variable costs. O contribution margin equals total fixed costs. Click if you would like to Show Work for this question: Open Show Work! Question Atte bice hoice Type here to search
Which of the following is accurate? The break-even point occurs when the total contribution margin equals total fixed costs. The break-even point occurs when the total contribution margin equals total costs. The break-even point occurs when the total contribution margin is zero. The break-even point occurs when the contribution margin per unit is zero. None of the above.
Question 19 The break-even point is where total sales equal total variable costs total variable costs equal total fixed costs contribution margin equals total fixed costs total sales equal total fixed costs.
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
Knowledge Check 03
Once the break-even point has been reached, net operating income
will increase by the amount of the _____ for each additional unit
sold.
unit contribution margin
unit selling price
variable expense per unit
fixed expense per unit
Knowledge Check 04
Break-even point is the level of sales at which ______.
total profits equals total costs
total profits exceed total costs
total revenue equals total costs
total sales equal total projections
Knowledge Check 01 Atlas Corporation sells 100...
Exam #2 Review I. Which of the following would not affect the units required to break-even? a. number of units actually sold b. variable expense per unit e. total fixed expense d. selling price per unit 2. Which of the following would be more likely produce a labor efficiency variance? a. Using less expensive direet materials b. Use of persons with high wage rates in tasks that normally call for minimum wage employees c. Using untrained workers d. Higher overhead...
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