(c).Current Attempt in ProgressFelde Bucket Co., a manufacturer of rain barrels, had the following data for 2021:Sales quantityUnit selling priceUnit variable costsFixed costs(a)What is the contribution margin ratio?2.500 barrelsper barrel$40$24 per barrel$19.500Contribution margin ratioWhat is the margin of safety in sales dollars and as a ratio?Margin of safetyMargin of safety ratioeTextbook and MediaSave for Later$%

Given in the question: Sales Quantity 2500 Barrels Unit Selling Price $40 Per unit…

Answered: (c) What is the contribution margin…

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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Which of the following is a correct definition of the margin of safety? The excess of contribution margin over fixed costs The excess of gross margin over target income 0 The excess of sales revenue over the breakeven point The excess of ner income over all costs (both variable and fixed
a. Identify the physical control weakness depicted in the flowchart for Problem 2 b. Describe the IT controls that should be in place in this system
When using CVP Analysis, Net Profit (positive NI) would occur when Fixed Costs (FC) exceed total Contribution Margin. TRUE FALSE
The “plus” in cost-plus pricing is often referred to as Markup. Extra profit. Gross profit. Margin of Safety.
Define the term break-even point. What is the variable cost ratio? The contribution margin ratio? How are the two ratios related? Define the term sales mix. Give an example to support your definition.
Contribution margin dividedt by Income is the: Multiple Choice Contribution margin ratio. Margin of safety. Degree of operating leverage. Sales mix. Break-even point in units.
What is the gross profit margin? Higher ratio or lower ratio
Question: In marginal accounting, what is the primary focus when analyzing costs and revenues? A) Total accumulated costs and revenues B) Average costs and revenues C) Incremental changes in costs and revenues D) Fixed costs and variable costs
what is margin of safety as a percentage of sales
2. Distinguish between product costs and period costs. 6. What is the difference between gross margin and manufacturing margin?
1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 2 3 Data 4 Sales Variable costs: 5 67 00 8 A Chapter 1: Applying Excel 9 10 11 Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $ $ $ $ $ $ B 32,000 16,000 1,600 1,400 2,500 1,500

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(c) What is the contribution margin ratio? Contribution margin ratio What is the margin of safety in sales dollars and as a ratio? Margin of safety Margin of safety ratio %