Homework Answers
Contribution margin=Sales-Variable cost
=31-13=$18per bear
Breakeven=Fixed expenses/Contribution margin
=2466/18=137 bears
Total sales=Breakeven+Margin of safety
Margin of safety=(277-137)=140 units
=(140*31)=$4340
Margin of safety% =Margin of safety/Total sales
=140/277=50.54%(Approx).
| Margin of safety | 140 units |
| Margin of safety | $4340 |
| % of sales | 50.54% |
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Chapter 6 Assignment i Saved Heather Hudson makes stuffed teddy bears. Recent information for her business...
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Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 27.00 Total fixed cost per month 1,480.00 Variable cost per bear 8.00 She sells 440 bears this month. Suppose sales increase by 20 percent next month. Calculate the effect that increase will have on her profit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 1 decimal place. (i.e. .123 should be entered as 12.3%))
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Lab Math Pear... Login to WebSTAR Dashboard o Mail-cm3069@m... Youlube o Other Bookmark Chapter 6 Assignment i Saved Help Save & Exit Submit Check my work Heather Hudson makes stuffed teddy bears. Recent information for her business follows: $ points Selling price per bear Total fixed cost per month Variable cost per bear 35.50 1,480.00 16.50 Skipped She sells 450 bears this month. eBook Suppose sales increase by 30 percent next month. Calculate the effect that increase will have on...
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[The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
value 10.00 points Heather Hudson makes stuffed teddy bears. Recent information for her business follows Selling price per bear Total fixed cost per month Variable cost per bear $35.00 1,500.00 24.00 She sells 350 bears this month Suppose sales increase by 20 percent next month. Calculate the effect that increase will have on her profit (Round your intermediate calculations to 2 decimal places. Round your final answer to 1 décimal place.) Increase in Profit
Lab Math Pear... Login to WebSTAR Dashboard o Mail-cm3069@m... Youlube o Other Bookmark Chapter 6 Assignment i Saved Help Save & Exit Submit Check my work Heather Hudson makes stuffed teddy bears. Recent information for her business follows: $ points Selling price per bear Total fixed cost per month Variable cost per bear 35.50 1,480.00 16.50 Skipped She sells 450 bears this month. eBook Suppose sales increase by 30 percent next month. Calculate the effect that increase will have on...
Chapter 6 Assignment i Saved Last month, Laredo Company sold 550 units for $75 each. During the month, fixed costs were $5,577 and variable costs were $42 per unit. 10 points Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. eBook Complete this question by entering your answers in the tabs below. Hint Required...
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Kipped Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $10.560 1,030 eBook Hint Print Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (.e....
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $1.60 4.00 200.00 Required 1. Suppose Dana's would like to generate a profit of $920. Determine how many rosettes it must sell to achieve this target profit. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) et Units 2. If Dana's sells 870 rosettes, compute its margin of...
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Chapter 6 Assignment i Saved Required information Information for Pueblo Company follows: Part 2 of 3 Sales Revenue Less: Total Variable Cost Contribution Margin Product A $ 41,000 $ 11,300 $ 29,700 Product B $74,000 $25,500 $ 48,500 points eBook Determine its break-even sales dollars if total fixed costs are $37,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Print Break-even sales dollars References This is a numeric cell, so please enter numbers only.
Problem 4-22 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio (LO5-1, LO5-3, LO5-5, LO5-6, LO5-7) + Menlo Company distributes a single product. The company's sales and expenses for last month follow: ints Sales Variable expenses Total $ 636,000 445,200 Per Unit $ 40 28 Skipped $ 12 Contribution margin Fixed expenses 190, 800 145,200 Net operating income $ 45, 600 eBook Ask Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Print...
[The following information applies to the questions
displayed below.]
Hudson Co. reports the contribution margin income statement for
2017.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2017
Sales (9,900 units at $225 each)
$
2,227,500
Variable costs (9,900 units at $180 each)
1,782,000
Contribution margin
$
445,500
Fixed costs
342,000
Pretax income
$
103,500
2 ! Part 1 of 5 Required information Use the following information for the Exercises below. [The following information applies to the...
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