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Homework Answers
| The intercept coefficient represent fixed costs and X variable 1 represent variable costs per unit | |||||
| Contribution margin income statement for September is shown below | |||||
| HANDY'S HATS | |||||
| Contribution margin income statement | |||||
| Month of September | |||||
| Sales revenue (5,600*2.75) | $15,400.00 | ||||
| Less: Variable costs (5,600*1.22) | $6,832.00 | ||||
| Contribution margin | $8,568.00 | ||||
| Less: Fixed expenses | $2,113.19 | ||||
| Net operating income | $6,454.81 | ||||
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M5-16 (Algo) Preparing a Contribution Margin Income Statement [LO 5-5] Handy's Hats makes the world's best...
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of...
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 8,000 7,000 February 4,500 5,000 March 7.000 6,250 April 8,600 7,750 May 3,750 5,000 6,000 6,250 July 3,000 4,250 August 5,000 5,750 June Suppose that Handy's expects to sell 4,000 hats during the month of September and that each hat sells for $2.75. Handy performed a least-squares regression and obtained the following results: Intercept X Variable 1 Coefficients...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement (LO 5-5) Riverside...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement (LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 700 850 Number of Canoes Produced and sold 500 Total costs Variable costs $ 90,000 Fixed costs 119,000 Total costs $209,000 Cost per unit Variable cost per unit $ 180.00 Fixed cost per unit 238.00 Total cost per unit $ 418.00 $126,000 119,000 $245,000 $153,000 119,000 $272,000 $ 180.00 170.00 $ 350.00...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291, 200 $ 128,000 187,200 $315,200 $ 160.00 416.00 $ 576.00 $...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $175,500 247,500 $423,000 $ 195.00 450.00 $ 645.00 $ 195.00 $ 195....
Saved Help E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO...
Saved Help E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) 750 Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 550 900 Total costs Variable costs $115,500 $157,500 $189,000 Fixed costs 198,000 199,000 198,000 Total costs $313,500 $355,500 $387,000 Cost per unit Variable cost per unit $ 210.00 $ 210.00 $ 210.00 Fixed cost per unit 360.00 264.00 220.00 Total cost per unit...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ола 500 700 850 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 87,500 178,500 $266,000 $ 122,500 178,500 $ 301,000 $ 148,750 178,500 $327,250 $ 175.00 357.00 $ 532.00 $ 175.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 550 750 900 Total costs Variable costs $112.750 $ 153,750 $ 184,500 Fixed costs 148,500 148.500 148,500 Total costs $261.250 $ 302,250 $ 333,000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205.00 Fixed cost per unit 270.00 198.00 165.00 Total cost per...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 450 650 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291,200 800 $ 128,000 187,200 $315,200 $ $ 160.00 416.00 $ 576.00 160.00 288.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc,...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 65,250 280,800 $346,050 $ 94,250 280,800 $375,050 $ 116,000 280,800 $396,800 $ $ 145.00 624.00 $ 769.00 145.00 432.00 577.00...
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 8,000 7,000 February 4,500 5,000 March 7.000 6,250 April 8,600 7,750 May 3,750 5,000 6,000 6,250 July 3,000 4,250 August 5,000 5,750 June Suppose that Handy's expects to sell 4,000 hats during the month of September and that each hat sells for $2.75. Handy performed a least-squares regression and obtained the following results: Intercept X Variable 1 Coefficients...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement (LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 700 850 Number of Canoes Produced and sold 500 Total costs Variable costs $ 90,000 Fixed costs 119,000 Total costs $209,000 Cost per unit Variable cost per unit $ 180.00 Fixed cost per unit 238.00 Total cost per unit $ 418.00 $126,000 119,000 $245,000 $153,000 119,000 $272,000 $ 180.00 170.00 $ 350.00...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291, 200 $ 128,000 187,200 $315,200 $ 160.00 416.00 $ 576.00 $...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $175,500 247,500 $423,000 $ 195.00 450.00 $ 645.00 $ 195.00 $ 195....
Saved Help E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5) 750 Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 550 900 Total costs Variable costs $115,500 $157,500 $189,000 Fixed costs 198,000 199,000 198,000 Total costs $313,500 $355,500 $387,000 Cost per unit Variable cost per unit $ 210.00 $ 210.00 $ 210.00 Fixed cost per unit 360.00 264.00 220.00 Total cost per unit...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ола 500 700 850 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 87,500 178,500 $266,000 $ 122,500 178,500 $ 301,000 $ 148,750 178,500 $327,250 $ 175.00 357.00 $ 532.00 $ 175.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 550 750 900 Total costs Variable costs $112.750 $ 153,750 $ 184,500 Fixed costs 148,500 148.500 148,500 Total costs $261.250 $ 302,250 $ 333,000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205.00 Fixed cost per unit 270.00 198.00 165.00 Total cost per...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 450 650 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291,200 800 $ 128,000 187,200 $315,200 $ $ 160.00 416.00 $ 576.00 160.00 288.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 65,250 280,800 $346,050 $ 94,250 280,800 $375,050 $ 116,000 280,800 $396,800 $ $ 145.00 624.00 $ 769.00 145.00 432.00 577.00...
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