A tile manufacturer has supplied the following data: Boxes of tiles produced and sold. Sales revenue.. 520,000 Variable manufacturing expense.. Fixed manufacturing expense Variable selling and administrative expense.. Fixed selling and administrative expense. Net operating income... $2.132,000 $650,000 $464,000 $260,000 $312,000 $446,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A tile manufacturer has supplied the following data:
Boxes of tiles produced and sold.
Sales revenue.
Variable manufacturing expense.
Fixed manufacturing expense
Variable selling and administrative expense..
Fixed selling and administrative expense
Net operating income.
520,000
$2,132,000
$650,000
$464,000
$260,000
$312.000
$446,000
103. What is the company's unit contribution margin?
A. $0.86
B. $2.35
C. $4.10
D. $1.75
104. The company's contribution margin ratio is closest to:
A. 42.7%
B. 57.3%
C. 45.8%
D. 21.0%
105. If the company increases its unit sales volume by 3% without increasing its fixed expenses,
then total net operating income should be closest to:
A. $459,380
B. $453,667
C. $13,380
D. $482,660
Transcribed Image Text:A tile manufacturer has supplied the following data: Boxes of tiles produced and sold. Sales revenue. Variable manufacturing expense. Fixed manufacturing expense Variable selling and administrative expense.. Fixed selling and administrative expense Net operating income. 520,000 $2,132,000 $650,000 $464,000 $260,000 $312.000 $446,000 103. What is the company's unit contribution margin? A. $0.86 B. $2.35 C. $4.10 D. $1.75 104. The company's contribution margin ratio is closest to: A. 42.7% B. 57.3% C. 45.8% D. 21.0% 105. If the company increases its unit sales volume by 3% without increasing its fixed expenses, then total net operating income should be closest to: A. $459,380 B. $453,667 C. $13,380 D. $482,660
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