# 43Using the data below based on the income statement below, what would be the net operating income if the sale person was paid $12.50 commissionper unit sold rather than a flat $7,000 salary?400 units$100,000SalesVariable ExpensesContribution Margin.Fixed ExpensesNet Operating Income(do not include a dollar sign or comma or decimal point in your answer)Fill in65.00035,000blank15,000$20,000 # 34The number of units produced annually is 50,000.The number of units sold annually = 40,000.Each unit sells for $100 each.Direct materials, direct labor and variable mfg overhead = $15 per unit.Variable selling & administrative expenses = $5 per unit.Fixed manufacturing overhead = $275,000Fixed selling & administrative expense = $100,000Based on the above data, what is the Net Operating Income for an Absorption Costing Format Income Statement? (do not include a dollar sign orcommas or decimals in your answer)Fill in the blank

ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…

Answered: # 43 Using the data below based on the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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What is the Markup? Price Cost Markup 3. Revenues Gross Profit Cost of Goods Sold SG & A $40.00 Operating Expenses $30.00 Operating Profit $7,000 $4,500 $5,000 $8,000 $2,500 $3,000 $600 $900 $900 $1,000 $1,000 $1,100 What is the Gross Margin and Operating Margin in the first year? How much has Gross Profit increased as a percentage?
Question 1 Not yet answered Sales Variable expense Fixed expense Net income (loss) before tax Units sold Unit contribution margin Contribution margin ratio Net Income Planning Selected operating data for Oakbrook Company in four independent situations are shown below. Fill in the blanks for each independent situation. Save Answers $ LA LA Marked out of 7.00 $ A $300,000 $ $20,000- 30,000 $5.20 a. b. Flag question B $91,000 $62,000 $15,000 $7.00 C. $ d. LA $ C $43,200 $28,800 0.4 e. f. $ D $260,000 $89,000 $(11,000) g. h.
Given the price and cost data shown in the accompanying table for each of the three firms, F, G, and H: (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Firm F G H Sale price per unit $18.00 $21.00 $30.00 Variable operating cost per unit 6.75 13.50 12.00 Fixed operating cost 45,000 30,000 90,000 a. What is the operating breakeven point in units for each firm? b. How would you rank these firms in terms of their risk?
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Following information is related to Product X of Zempa Company: Current replacement cost $230 Cost to distribute $42 Historical cost Normal profit margin Selling price $215 $36 $245 If lower-of-cost-or-market rule (LCM Rule) is applied, then the value of Product X that would be reported in the balance sheet is: a. $215 b. $230 C. $203 d. S167
N3 nit Sales Price: $100 Unit Buying Price: $ 34 Unit Sales Premium: $ 6 Annual Rent Cost: $150.000 Annual Salaries: $350.000 Annual Advertisement Cost: $100.000 Calculate the break-even point activity and break-even point sales in dollars
Data Inputs: Unit sales Selling price per unit Variable expense per unit Total fixed expenses Sales Variable expenses Contribution margin Fixed expenses Net operating income Net profit margin percentage CVP Graph Information Selling price per unit Variable expense per unit Total fixed expenses CVP Graph Table CVP Graph $ $ S Contribution Format Income Statement Per Unit $ 40,000 12.50 7.50 180,000 $ Total 500,000 $ 300,000 200,000 $ 180,000 20,000 4.00% $ $ S 180,000 12.50 7.50 Units 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 12.50 7.50 5.00 Donaldson Company % 100% 60% 40% Variable Expenses Fixed Expenses Total Expenses Sales dollars Margin of Safety Actual sales (a) Break-even sales (b) Margin of safety in dollars (a)-(b) Margin of safety percentage $ $ $ 500,000 450,000 50,000 10.00%
How do you find the breakeven sales revenue from the picture below?
How much will be contributed to profit before taxes by the 1,021st unit sold?
income statement total per unit Units 44,000 1 Sales $220,000 $5.00 Cost of Sales(variable expenses) 88,000 2.00 Gross Margin 132,000 3.00 Operating Costs(fixed expneses) 125,500 2.85 Net Profit 6,500 15 Now do this activity a second time with a higher selling price. Calculate break-even at a $7.00 selling price. Using the information from the above income statement, calculate the break-even per unit, the gross margin percent, and the break-even total sales. Calculate break-even based on units. Fixed Costs/ (Sales price per unit – Variable costs per unit) = Break Even in Units Calculate break-even based on Total Sales. Gross Margin/ Sales = Gross…
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