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6 Power Manufacturing recorded operating data for its shoe division for the year. Sales Contribution margin Controllable fixed costs $1,500,000 300,000 Average total operating assets 180,000 600,000 How much is controllable margin for the year? a. 20% b. 50% e. $300,000 d. $120,000 $2,000,000 in 22

6 Power Manufacturing recorded operating data for its shoe division for the year. Sales Contribution margin Controllable fixed costs $1,500,000 300,000 Average total operating assets 180,000 600,000 How much is controllable margin for the year? a. 20% b. 50% e. $300,000 d. $120,000 $2,000,000 in 22

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Time remaining: 01:55:30 6. Power Manufacturing recorded operating data for its shoe division for the year. Sales Contribution margin Controllable fixed costs Average total operating assets $1,500,000 300,000 180,000 600,000 How much is controllable margin for the year? a. 20% b. 50% c. $300,000 $120,000 d. 7. Las Sendas, Inc. had average operating assets of $4,000,000 and sales of $2,000,000 in 2016. If the controllable margin was $600,000, the ROI was a. b. 50% c. 30% d. 15% 8. Erickson, Inc. makes student book bags that sell for $20 each. For the coming year, $15 per unit. Compute margin of safety ratio assuming actual sales are $1,200,000. a. 25% b. 33% C. 60% d. 75% 9. Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. Sales $1,000,000 200,000 Contribution margin Total direct fixed costs 120,000 Average total operating assets 400,000 Which one of the following reflects the controllable margin for the year? a. 20% b. 50% C. $60,000 d. $80,000 10. In the Dichter Co., indirect labor is budgeted for $72,000 and factory supervision is budgeted for $24,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is a. $96,000. b. $108,000. C. $105,000. d. $99,000. GOOD LUCK A SAL DRES 1.30pm ART 1: Web
Transcribed Image Text:Time remaining: 01:55:30 6. Power Manufacturing recorded operating data for its shoe division for the year. Sales Contribution margin Controllable fixed costs Average total operating assets $1,500,000 300,000 180,000 600,000 How much is controllable margin for the year? a. 20% b. 50% c. $300,000 $120,000 d. 7. Las Sendas, Inc. had average operating assets of $4,000,000 and sales of $2,000,000 in 2016. If the controllable margin was $600,000, the ROI was a. b. 50% c. 30% d. 15% 8. Erickson, Inc. makes student book bags that sell for $20 each. For the coming year, $15 per unit. Compute margin of safety ratio assuming actual sales are $1,200,000. a. 25% b. 33% C. 60% d. 75% 9. Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. Sales $1,000,000 200,000 Contribution margin Total direct fixed costs 120,000 Average total operating assets 400,000 Which one of the following reflects the controllable margin for the year? a. 20% b. 50% C. $60,000 d. $80,000 10. In the Dichter Co., indirect labor is budgeted for $72,000 and factory supervision is budgeted for $24,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is a. $96,000. b. $108,000. C. $105,000. d. $99,000. GOOD LUCK A SAL DRES 1.30pm ART 1: Web
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