break – even in dollars
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A: Step 1: Show formula version of the solution sheet for a better understanding of the calculations:…
Q: company's net operating income for the year would be:
A: The Variable costing is a cost accounting method which includes only variable costs for producing…
Q: Calip Corporation, a merchandising company, reported the following results for October: Sales Cost…
A: The difference between the sales and the variable costs is called contribution margin. Contribution…
Q: Provide Correct Answer
A: Step 1:Introduction to the Gross Margin:Gross margin is the total amount that is left after…
Q: mazin' 69 Corp. reports the following information for May: Information Amount Sales Revenue…
A: Income Statement: Income Statement, also known as a Profit and Loss (P&L) statement, is a…
Q: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per…
A: Using variable costing, the contribution margin is calculated as the difference between the sales…
Q: Assume the following information for a merchandising company: Number of units sold 19,900…
A: Variable Expenses are those expense which will change according to the level of operation. Hence,…
Q: LEANDER OFFICE PRODUCTS INC. Income Statement ,000 units) expenses: cost of goods sold* selling and…
A: The income statement is one of the important financial statements of the business. The income…
Q: Customers as a Cost ObjectMorrisom National Bank has requested an analysis of checking account…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: Assume a merchandising company uses the high-low method to separate any mixed costs into their…
A: VARIABLE COST Variable Cost is a cost that varies with the level of output.variable costs include…
Q: The Central Valley Company is a manufacturing firm that produces and sells a single product. The…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout…
A: Solution Contribution margin is calculated by deducting variable cost from the sales. It is a…
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A: Step 1: Show formula version of the solution sheet for a better understanding of the calculations:…
Q: Absorption and Variable Costing Income Statements for Two Months and Analysis During the first month…
A: The question is based on the concept of Cost Accounting .
Q: Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating…
A: Since you have posted a question with multiple sub-parts , we will do the first three sub-parts for…
Q: Bruin Wholesale has gathered the foll and the cost of receiving reports for the
A: In this question, there are different cases in which we have yo solve using high low method.
Q: Company A reported the following data for April: sales $692,500 cost of goods sold $305,000 total…
A: Solution: Contribution margin for April = Sales - cost of goods sold - variable selling expense -…
Q: Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of…
A: Variable Costing - In this costing method, variable costs are considered while preparing the cost of…
Q: Differential Analysis for a Discontinued Product The condensed product-line income statement for…
A: DIFFERENTIAL ANALYSISDifferential analysis is a decision-making method that examines the net effects…
Q: I need help getting the Cost of Good Sold. 107,000 is not correct.
A: Step 1: Calculate Applied Overhead for each JobAplplied OverheadDirect Labour Cost * Pre Determined…
Q: Erin international, a merchandising company, reported the following results for July. Cost of Goods…
A: Gross Margin - Gross Margin is a profit available on the sale revenue of the company. It is…
Q: Determine the contribution margin ratio (round to 3 decimal places if applicable). a) 0.518
A: Calculating contribution lets the organisation knows whether the revenue has recovered the variable…
Q: Variable and Absorption Costing The following data were adapted from a recent income statement of…
A: Lets understand the basics. There are two type of costing systems are generally followed by the…
Q: Sally Company has the following sales data and total monthly cost data. Month Units Sold…
A: Solution: Variable cost per unit using high low method = (Cost at high level - Cost at low level) /…
Q: Evansville Company had the following transactions for the month. Number Cost of Units per Unit…
A: The inventory valuation method used to evaluate the closing inventory and cost of goods sold on the…
Q: Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three…
A: CONTRIBUTION MARGIN INCOME STATEMENT A contribution margin income statement is an income statement…
Q: How much is Cost of Goods Manufactured and Cost of Goods Sold?
A: Cost of goods sold is the cost incurred by the company on the goods sold. It is reported in the…
Q: Multiple-Product Break-Even and Target Profit
A: 1. Sales mix of ceiling fans to table fans = 30000:60000 = 1:2 2. Calculation of Breakeven point…
Q: I am having trouble computing the revenue for the income statement.Use the following revenue and…
A: The revenue in the income statement represents the amount earned by the company by selling the…
Q: ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable…
A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…
Q: Philadelphia Company has the following information for March: Sales $471,208 Variable cost of goods…
A: The income statement is prepared to record the revenue and expense of the current period. The…
Q: Please check if my total selling and administrative expenses is correct. Put an explanation why is…
A: Selling and admin expenses is an important part or section of income statement of business. It…
Q: Net Sales Revenue Cost of Goods Sold: Beginning Cost of Goods Ending Cost of Goods Sold Gross Profit…
A: Cost of goods manufactured: It is the expenses incurred by a manufacturing concern in order to…
Q: Calip Corporation, a merchandising company, reported the following results for October: Sales Cost…
A: Step 1: Introduction to the Variable administrative expenses:Variable administrative expenses can be…
Q: Which of the following statements is false? a. As business volume increases, fixed cost per unit…
A: The statement that is false is c. Fixed costs do not change with the volume of sales. Fixed costs…
Q: 0:15 Calip Corporation, a merchandising company, reported the following results for October: Sales…
A: Contribution margin is the difference between sales revenue and total variable costs. Variable cost…
Q: Philadelphia Company has the following information for March: Sales Variable cost of goods sold…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Fanelli Corporation, a merchandising company, reported the following results for July: Number of…
A: ABSORPTION COSTINGAbsorption Costing is a Cost Management Accounting method in which all costs…
Q: Seaside Sandals Company is a retailer of leather sandals. Operating income for the month of March is…
A: The contribution margin is calculated as difference between sales and variable costs. The break even…
Q: According to the producer price index database maintained by the Bureau of Labor Statistics, the…
A: TIMES INTEREST EARNED RATIOTimes interest earned ratio is an accounting metric which measures the…
Q: Ullie Medical Supply is a retailer of home medical equipment. Last year, Ullie's sales revenues…
A: The break-even point is the optimum point of no profit no loss as at this point the firm is earning…
Q: The company has been experiencing losses for many months. In an effort to improve performance,…
A: The contribution segment income statement is a statement that is helpful in finding our contribution…
Q: Evansville Company had the following transactions for the month. Number Cost of Units per Unit…
A: Gross margin is computed by subtracting the cost of goods sold from the sales price. The cost of…
Q: According to the producer price index database maintained by the Bureau of Labor Statistics, the…
A: In order to determine the times interest earned ratio, the earning before interest and taxes are…
Q: D&I Inc., a merchandising company, reported the following results for September. Sales price per…
A: The break-even point is the point at which a company can neither profit nor lose money. At this…
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- Lannion and Co. Is engaged in providing and marketing a standard advice service. Summarized results for the past two months reveal the following: Sales (units of the service) Sales revenue (€) Operating profit (€) October November 200 300 5.000 7.500 1.000 2.200 There were no price changes of any description during these two months. Required: a) Deduce the BEP (in units of the service) for Lannion and Co. b) State why the business might find it useful to know its BEP.am. 256.Could someone help me with this please
- Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement for the month based on the actual sales data. Gold Star Rice, Limited Contribution Income Statement Product White Percentage of total sales % Fragrant % Loonzain % % % % % % $ 0 0% $ 0 0 % $ 0 0% Total % % % 0 0% $ 0Help fill out pleaseTodrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. $ 480,000 $ 32,000 $ 320,000 $ 16,000 ? $ 19,200 $ 24,000 ? $ 96,000 $ 28,800 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 to Required 6 5 Prepare a contribution format income…
- The following information is available about the operations of the Delaware Publishing Company for the month of January. Find the missing values. Revenue (total sales) Fixed costs Variable costs Total costs Net Income $28,400 $85,700 $29,200According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2018. Let's see whether these changes are reflected in the income statement of Wizard Computers for the year ended December 31, 2018. 2018 2017 Sales Revenue $ 118,000 $ 147,000 Cost of Goods Sold 69,000 78,700 Gross Profit 49,000 68,300 Selling, General, and Administrative Expenses 37,800 40,600 Interest Expense 680 565 Income before Income Tax Expense 10,520 27,135 Income Tax Expense 2,500 6,800 Net Income $ 8,020 $ 20,335 Required: Compute the times interest earned ratios for 2018 and 2017. Does Wizard generate sufficient net income in both years (before taxes and interest) to cover the cost of debt financing? yes or noBolka Corporation, a merchandising company, reported the following results for October: Sales $ 418,000 Cost of goods sold (all variable) $ 175,500 Total variable selling expense $ 23,700 Total fixed selling expense $ 21,800 Total variable administrative expense $ 16,200 Total fixed administrative expense $ 34,300 The contribution margin for October is: Multiple Choice $146,500 $361,900 $202,600 $242,500
- The income statement for the RUN-84979 company, an atletic shoe retailer, for the first quarter of the year is presented below: RUN-84979 Income Statement Sales $151,200 54,600 96,600 Cost of goods sold Gross margin Selling and administrative expenses Selling Administration $45,400 29,096 74,496 Net operating income $ 22,104 On average, an athletic shoe sells for $72. Variable selling expenses are $14 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 8% of sales with the remainder being fixed. How much is the total contribution margin for RUN-84979 for the first quarter?Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 300,000 Beginning merchandise inventory $ 20,000 Purchases $ 200,000 Ending merchandise inventory $ 7,000 Fixed selling expense ?question mark Fixed administrative expense $ 12,000 Variable selling expense $ 15,000 Variable administrative expense ?question mark Contribution margin $ 60,000 Net operating income $ 18,000 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit.Differential Analysis for a Discontinued Product The condensed product-line income statement for Rhinebeck Company for the month of October is as follows: Sales Cost of goods sold Gross profit Selling and administrative expenses Operating income (loss) Rhinebeck Company Revenues. Costs: Product-Line Income Statement For the Month Ended October 31 Fixed costs Variable cost of goods sold Variable selling and admin. expenses Profit (Loss) Hats Fixed costs are 15% of the cost of goods sold and 42% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued. a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. $65,200 (27,000) $38,200 (28,500) $9,700 Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Mufflers…
