Homework Answers
Sales =Contribution/margin ratio =440000/20% =2200000
Variable costs =2200000*80% =1,760,000
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During a recent fiscal year, Creek Company reported pretax income of $129,000, a contribution margin ratio...
During its most recent fiscal year, Dover, Inc. had total sales of $3,080,000. Contribution margin amounted...
During its most recent fiscal year, Dover, Inc. had total sales of $3,080,000. Contribution margin amounted to $1,440,000 and pretax income was $310,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question? Multiple Choice a. $1,640,000. b. $1,750,000. c. $1,330,000. d. $1,130,000. e. $2,770,000.
30. During its most recent fiscal year. Dover, Inc. had total sales of $3,200.000. Contribution QUL...
30. During its most recent fiscal year. Dover, Inc. had total sales of $3,200.000. Contribution QUL margin amounted to $1,500,000 and pretax income was $400,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question? During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 002 margin amounted to $1,500,000 and pretax income was $400.000. What amount should have been reported as fixed costs in...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the company has set a target monthly income of $15,000, what dollar amon sales must be made to produce the target income? inc All of these During its most recent fiscal year, ost recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 902 ang amounted to $1,500,000 and pretax income was $400,000. What amount she been reported as variable costs in the company's...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $15,500 Food and packaging $5,480 Payroll 4,100 Occupancy (rent, depreciation, etc.) 3,520 General, selling, and admin. expenses 2,400 Other expense 310 Total expenses (15,810) Operating income (loss) $(310) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): $32,500 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses Other expense Total expenses Operating income (loss) $7,925 8,600 10,975 5,000 650 (33,150) $(650) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the follow...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions) Sales $32,700 Food and packaging $8,593 Payroll 8,700 Occupancy (rent, depreciation, etc.) 10,407 General, selling, and admin. expenses 5,000 Other expense 650 Total expenses (33,350) $(650) Operating income (loss) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $14,400 $3,960 Food and packaging Payroll 3,800 Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses 8 INN Other expense 10 Total expenses 70 Operating income (loss) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in million,...
E11-10 Contribution margin and contribution margin ratio For a recent year, McDonald's (MCD) company-owned restaurants had...
E11-10 Contribution margin and contribution margin ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales a expenses (in millions): $16,488 TL $5,552 4,400 4,025 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses Other expense Total expenses Operating income (loss) 2,434 209 (16,620) $ (132) Assume that the variable costs consist of food and packaging, payroll, and 45% of the general, selling, and administrative expenses. 493 a. What is McDon b....
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $36,800 Food and packaging $9,672 Payroll 9,800 Occupancy (rent, depreciation, etc.) 11,728 General, selling, and admin. expenses 5,600 Other expense 740 Total expenses (37,540) Operating income (loss) $(740) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What would have been the operating income or loss...
30. During its most recent fiscal year. Dover, Inc. had total sales of $3,200.000. Contribution QUL margin amounted to $1,500,000 and pretax income was $400,000. What amount should have been reported as fixed costs in the company's contribution margin income statement for the year in question? During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 002 margin amounted to $1,500,000 and pretax income was $400.000. What amount should have been reported as fixed costs in...
Watson Company has monthly fixed costs of $83.000 and a 40% contribution margin Tato. IT the company has set a target monthly income of $15,000, what dollar amon sales must be made to produce the target income? inc All of these During its most recent fiscal year, ost recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution 902 ang amounted to $1,500,000 and pretax income was $400,000. What amount she been reported as variable costs in the company's...
Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly income of $14,700, what dollar amount of sales must be made to produce the target income? $94,700 $160,000 $29,400 C) $130,600 $189,400 The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $179,000. $990,000 Sales...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): $32,500 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses Other expense Total expenses Operating income (loss) $7,925 8,600 10,975 5,000 650 (33,150) $(650) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions) Sales $32,700 Food and packaging $8,593 Payroll 8,700 Occupancy (rent, depreciation, etc.) 10,407 General, selling, and admin. expenses 5,000 Other expense 650 Total expenses (33,350) $(650) Operating income (loss) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in...
Contribution Margin and Contribution Margin Ratio For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): Sales $14,400 $3,960 Food and packaging Payroll 3,800 Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses 8 INN Other expense 10 Total expenses 70 Operating income (loss) Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Enter your answer in million,...
E11-10 Contribution margin and contribution margin ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales a expenses (in millions): $16,488 TL $5,552 4,400 4,025 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses Other expense Total expenses Operating income (loss) 2,434 209 (16,620) $ (132) Assume that the variable costs consist of food and packaging, payroll, and 45% of the general, selling, and administrative expenses. 493 a. What is McDon b....
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