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Sales for Green...
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Consider the following summary modified income statement for Tech Inc.. Sales $594,000 Variable Operating Costs 246,000 Contribution Margin $348,000 Fixed Operating Costs 131,000 Operating Income $217,000 Interest Expense 50,000 Net Income $167,000 Calculate Tech's degree of operating leverage. 2 Degree of Operating Leverage =
please complete the entire question, try and use the same format if possible Assume MIX Inc....
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Assume MIX Inc. has sales volume of $1,342.000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $514,000: Contribution Margin Ratio 30% Product B: Sales $828,000. Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume (Round "Average contribution margin ratio' answer to 2...
please complete the entire question, try and use the same format if possible Current operating income...
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Current operating income for Bay Area Cycles Co. is $44,000. Selling price per unit is $100, the contribution margin ratio is 20%, an fixed expense is $176,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Margin of safety Margin of safety ratio-
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Ch You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Last year, they sold 8,200 units You are proposing that the company implement your marketing plan which will cost $3,000 per year. You believe...
Sales for Green Inc. are expected to change by 9%. If Green's degree of operating leverage...
Sales for Green Inc. are expected to change by 9%. If Green's degree of operating leverage is 2.60, how much is Green's operating income expected to change? 3 Green's operating income is expected to change by OU
please complete the entire question, try and use the same format if possible Backus Inc. makes...
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Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $7.80 per unit Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal...
please complete the entire question, try and use the same format if possible The following information...
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The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30.000 35,000 55,000 400,000 200,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round...
please complete the entire question, try and use the same format if possible A department of...
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A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
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Cheche The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,022,000 642,400 43,000 22,400 210.000 156409 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory...
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Che MFG Company experiences the following cost behavior patterns each week Fixed costs: supervisor's salary $1,200; factory rent $2,900 Mixed costs: utilities $1,700+ $5.75 per unit Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,770 units of activity. (Do not round intermediate calculations.) Total cost
please complete the entire question, try and use the same format if
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Consider the following summary modified income statement for Tech Inc.. Sales $594,000 Variable Operating Costs 246,000 Contribution Margin $348,000 Fixed Operating Costs 131,000 Operating Income $217,000 Interest Expense 50,000 Net Income $167,000 Calculate Tech's degree of operating leverage. 2 Degree of Operating Leverage =
please complete the entire question, try and use the same format if
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Assume MIX Inc. has sales volume of $1,342.000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $514,000: Contribution Margin Ratio 30% Product B: Sales $828,000. Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $338,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume (Round "Average contribution margin ratio' answer to 2...
please complete the entire question, try and use the same format if
possible
Current operating income for Bay Area Cycles Co. is $44,000. Selling price per unit is $100, the contribution margin ratio is 20%, an fixed expense is $176,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio. Margin of safety Margin of safety ratio-
please complete the entire question, try and use the same
format if possible
Ch You are pitching a marketing proposal to a company that sells electronic equipment. For a particular product line, their current sales price is $20 per unit, cost is $9 per unit and they have $20,000 in fixed costs associated with this line. Last year, they sold 8,200 units You are proposing that the company implement your marketing plan which will cost $3,000 per year. You believe...
Sales for Green Inc. are expected to change by 9%. If Green's degree of operating leverage is 2.60, how much is Green's operating income expected to change? 3 Green's operating income is expected to change by OU
please complete the entire question, try and use the same format if
possible
Backus Inc. makes and sells many consumer products. The firm's average contribution margin ratio is 35%. Management is considering adding a new product that will require an additional $15,000 per month of fixed expenses and will have variable expenses of $7.80 per unit Required: a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal...
please complete the entire question, try and use the same format if
possible
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30.000 35,000 55,000 400,000 200,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round...
please complete the entire question, try and use the same format if
possible
A department of Alpha Co. incurred the following costs for the month of September. Variable costs, and the variable portion of mixed costs, are a function of the number of units of activity Activity level in units Variable costs Fixed costs Mixed costs Total costs 3.500 $ 7.175 32.000 18,040 $57, 215 During October, the activity level was 9.200 units, and the total costs incurred were $70,000....
please complete the entire question, try and use the same format if
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Cheche The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average inventory for the year Inventory at year-end $1,022,000 642,400 43,000 22,400 210.000 156409 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory...
please complete the entire question, try and use the same format if
possible
Che MFG Company experiences the following cost behavior patterns each week Fixed costs: supervisor's salary $1,200; factory rent $2,900 Mixed costs: utilities $1,700+ $5.75 per unit Variable costs per unit manufacturing labor wages $21.00; supplies used in production $9.00; packaging cost $2.75, warranty cost $4 Required: Compute total costs to be incurred for a week with 2,770 units of activity. (Do not round intermediate calculations.) Total cost
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