Homework Answers
1. Contribution margin ratio = (Total sales - Total variable expenses) / Total sales = ($285,000 - $216,600) / $285,000 = 24%
2. Estimated change in net operating income = Change in total sales × Contribution margin ratio = $1,000 × 24% = $240
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Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $2 85,000, total variable...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $295,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $39.400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1.200? (Do not round Intermediate calculations.) Answer is complete but not entirely correct. 15 Contribution margin ratio Estimated change in net operating income 10 E
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses were $216,750, and fixed expenses were $38,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.) 1. Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 35,000 units, total sales were $299,000, total variable expenses...
Last month when Holiday Creations, Inc., sold 35,000 units, total sales were $299,000, total variable expenses were $248,170, and fixed expenses were $38.800. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,500? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $291,000, total variable expenses were $224,070, and fixed expenses were $39,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,400? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $295,000, total variable expenses were $250,750, and fixed expenses were $39.400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1.200? (Do not round Intermediate calculations.) Answer is complete but not entirely correct. 15 Contribution margin ratio Estimated change in net operating income 10 E
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio % 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $319,000, total variable expenses were $248,820, and fixed expenses were $38,700. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,300. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $290,000, total variable expenses were $243,600, and fixed expenses were $35,800. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 2. Estimate the change in the company's net operating income if it were to increase its total sales by $1,900. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 44,000 units,
total sales were $299,000, total variable expenses were $215,280,
and fixed expenses were $35,300.
Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $299,000, total variable expenses were $215,280, and fixed expenses were $35,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,600? (Do not round intermediate...
Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $35,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $298,000, total variable expenses were $223,500, and fixed expenses were $39,800 Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $289,000, total variable expenses were $216,750, and fixed expenses were $38,400. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,000? (Do not round intermediate calculations.) 1. Contribution margin ratio Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 35,000 units, total sales were $299,000, total variable expenses were $248,170, and fixed expenses were $38.800. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,500? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
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