A department of Company X attains sale of 50,00,000 at 75 percent of its normal capacity and its expenses are given below: Administration costs: (*) Office Salaries 900,000 General expenses 3 per cent of sales Depreciation 75,000 Rates and Taxes 90000 Selling Costs Salaries 9 per cent of sales Travelling expenses 6 per cent of sales Sales office expenses 3 per cent of sales General expenses 3 per cent of sales Distribution Costs Wages 150,000 Rent 1.5 per cent of sales Other expenses 4.5 per cent of sales PREPARE flexible administration, selling and distribution costs budget, operating at 100 per cent and 120 per cent of normal capacity.

The following information is available for Wade Corp.: Sales                                     $550,000                  Total fixed expenses               $150,000 Cost of goods sold                 390,000                  Total variable expenses            360,000 A CVP income statement would report   gross profit of $160,000. contribution margin of $400,000. gross profit of $190,000. contribution margin of $190,000.

Sales revenue (2,000 units * $50 per unit)  $100,000  Cost of goods sold:         Variable (2,000 units * $15 per unit)  (30,000)       Fixed  (11,000)  Gross Margin  59,000  Administrative Salaries   (20,000)  Sales office Depreciation  (9,000)  Sales supplies (2,000 units *$5 per unit)  (10,000)  Net Income  $20,000    Using the income statement above, if sales increased by 10%,   (1) What percent will net income increase? (2) How much will the new net income be?

subquestion 1 and 2

The Consumer Division of Lewandowski Company has income from operations of $93,950 and assets of $367,000. The minimum acceptable return on assets is 8%. What is the residual income for the division?$fill in the blank 1

Sales revenue (6,000 units)                                    $150,000 Cost of goods sold:                                    Fixed costs                            $18,000 Variable costs                         30,000                   48,000 Gross profit                                                                102,000 Operating expenses: Fixed costs                              27,000 Variable costs                          12,000                   39,000 Operating income                                                     $ 63,000                How much is MDI’s total contribution margin?

Starwise Company had the following amounts from its income statement: $100,000 Sales revenue 32,000 Cost of goods sold -fixed 25,000 Cost of goods sold -variable 9,000 Selling expenses - fixed Selling expenses - variable 11,000 Administrative expenses - fixed 12,000 Administrative expenses - variable 8,000 How much is Starwise's contribution margin? $56,000. O$3,000. O $75,000. $43,000.

Buckley Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. BUCKLEY COMPANY Income Statements for Year 2 Segment A   B   C Sales $ 330,000     $ 480,000     $ 500,000   Cost of goods sold   (242,000 )     (184,000 )     (190,000 ) Sales commissions   (30,000 )     (44,000 )     (44,000 ) Contribution margin   58,000       252,000       266,000   General fixed operating expenses (allocation of president’s salary)   (92,000 )     (92,000 )     (92,000 ) Advertising expense (specific to individual divisions)   (6,000 )     (20,000 )     0   Net income (loss) $ (40,000 )   $ 140,000     $ 174,000     Required Prepare a schedule of relevant sales and costs for Segment A. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. Options for required A table are: Advertising…

Can you please answer the question

During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Year 1 $ 900,000 555,000 345,000 294,000 $ 51,000 Sales (@$60 per unit) Cost of goods sold (@ $37 per unit) Gross margin Selling and administrative expenses* Net operating income * $3 per unit variable; $249,000 fixed each year. The company's $37 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($360,000+ 20,000 units) Absorption costing unit product cost Production and cost data for the first two years of operations are: Units produced Units sold Required 1 Year 1 20,000 15,000 Complete this question by entering your answers in the tabs below. Required: 1. Using variable costing, what is the unit product cost for both years? 2. What is the variable costing net operating income in Year 1 and in Year 2? 3. Reconcile the absorption costing and the variable costing net operating income…