Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.Required:a. Assume that only one product is being sold in each of the four following case situations:b. Assume that more than one product is being sold in each of the four following case situations:Complete this question by entering your answers in the tabs below.Required ARequired BAssume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by aminus sign.)Case #1Case #2Case #3Case #424449,000$210,000$293,000Sales134,40079,110Variable expenses68,000469,000Fixed expenses(6,110)%2$44,1502496,3802$Net operating income (loss)81 %35 %Contribution margin ratio (percent)< Required ARegien...< Prev10 of 12Next >search近

Contribution margin ratio:- It is a ratio that shows how much contribution made in the total sales.…

Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by minus sign.) Case #1 Case #2 Case #3 Case #4 $ 449,000 24 210,000 293,000 Sales 134,400 79,110 Variable expenses 68,000 469,000 Fixed expenses 2$ 96,380 (6,110) 2$ 44,150 Net operating income (loss) % 81 % 35 % Contribution margin ratio (percent) < Required A ... < Prev. 10 of 12 Next >

Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by minus sign.) Case #1 Case #2 Case #3 Case #4 $ 449,000 24 210,000 293,000 Sales 134,400 79,110 Variable expenses 68,000 469,000 Fixed expenses 2$ 96,380 (6,110) 2$ 44,150 Net operating income (loss) % 81 % 35 % Contribution margin ratio (percent) < Required A ... < Prev. 10 of 12 Next >

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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Complete this question by entering your answers in the tabs below. Required A Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case 1 Case 2 Case 3 Case 4 Units sold 8,700 19,200 5,100 Sales $261,000 $300,000 $173,400 Variable expenses 174,000 211,200 Fixed expenses 91,000 174,000 75,000 Net operating income (loss) $6,000 $145,400 $1,500 Contribution margin per unit $12 $12
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Aj.2 Required information Skip to question [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 100,000 Variable expenses 65,000 Contribution margin 35,000 Fixed expenses 30,100 Net operating income $ 4,900 5. If sales decline to 900 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places.
Number of units produced and sold Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income (loss) Basic Advanced Total 20,000 10,000 $ 30,000 $ $ 3,000,000 2,000,000 5,000,000 2,300,000 1,350,000 3,650,000 700,000 650,000 1,350,000 720,000 480,000 1,200,000 $ (20,000) $170,000 $150,000 Direct laborers are paid $20 per hour. Direct materials cost $40 per unit for the Basic model and $60 per unit for the Advanced model. Koontz is considering a change from plantwide overhead allocation to a departmental approach. The overhead costs in the company's Molding Department would be allocated based on machine-hours and the overhead costs in its Assemble and Pack Department would be allocated based on direct labor-hours. To enable further analysis, the controller gathered the following information: Manufacturing overhead $ 787,500 costs Direct labor hours: Basic Advanced Machine hours: Basic Advanced Required: Molding Assemble and Pack $562,500 Total $…
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Sales 560,053 Variable expenses, 334,667 Fixed expenses 48,673 Compute the degree of operating leverage rounded to two decimal places. Enter only the amount for the degree of operating leverage rounded to two decimal places based on general rounding rules In the box provided below. Enter the amount only. Do not enter letters, words, or the calculation.
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Mairy Productions has three models: D, E, and F. The following information is available Model D 100.000 $37,000 $32,000 $20.000 $12,000 Sales revenue Variable expenses Contribution margin Fixed expenses Operating income (loss) Model E $37,000 $14,000 $23.000 $20,000 $3,000 A. Increase $13,000 OB. Decrease $13,000 OC. Increase $18,000 OD. Decrease $18,000 Model F $24,000 $14.000 $10,000 $20,000 ($10,000) Maizy Productions is thinking of discontinuing model F because it is reporting an operating loss. All fixed costs are unavoidable. Assuming Maizy Productions discontinues fine F and is able to double the production and sales of model E without increasing fixed costs. What effect will this have on operating income?
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