Compute the contribution margin ratio and fixed costs using the following data.Sales $ 5,900 Variable costs$ 3,009 Income $ 490Less:SalesVariable costContribution marginNumerator:Contribution margin$Fixed Cost5,9003,009$2,891Contribution Margin RatioDenominator:1Contribution Margin$/Sales$$2,891 /5,900490=11Contribution Margin RatioContribution margin ratio49 %

The contribution margin is calculated as difference between sales and variable costs. The net income…

Answered: Compute the contribution margin ratio…

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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Compute the contribution margin ratio and fixed costs using the following data. Sales $4,600 Variable costs $ 2,944 Income $ 540 Less: Sales Variable cost Contribution margin Numerator: Fixed Cost 1 Contribution Margin $ Contribution Margin Ratio Denominator: 1 4,600 2,944 = Contribution Margin Ratio Contribution margin ratio 0
Compute the contribution margin ratio and fixed costs using the following data. Sales $5,200 Variable costs $3,016 Income $ 420 Contribution margin Numerator: Fixed Cost Contribution Margin Contribution Margin Ratio Denominator: = Contribution Margin Ratio Contribution margin ratio 0
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Determine the missing amounts in the following table: unit sales price unit varible costs unit contribution margin contribution margin ratio (%) $22 10 10 24 50 25
4) Determine the missing amounts. Contribution Contribution Unit Selling Price Unit Variable Costs Margin Per Unit Margin Ratio 1. $300 $180 A в 2. $600 C $210 D 3. E F $300 30%
Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $300 $165 A. B. 2. $600 C. $150 D. 3. E. F. $440 40%
Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs
Give correct answer the general accounting question
Compute the contribution margin ratio and fixed costs using the following data. Sales $ 4,500 Variable costs $ 2,925 Income $ 550
Determine the missing values: (Show your workings clearly) S.No. Unit Selling Price Unit Variable Cost Contribution Margin Per Unit Contribution Margin Ratio 1. 250 170 (a) (b) 2. 100 (c) 30 (d) 3. (e) (f) 300 15% 4. 2500 (h) (g) 25% 5. 2300 (i) 726 (j)
APPLY THE CONCEPTS: Target income (sales revenue) Another useful method for figuring out the type of performance your company will need to reach a target income is by using sales revenue. Rather than using the number of units, this method uses total sales revenue. In companies for which the total set of goods produced and sold is more varied, this would be the preferred method, as opposed to a business in which only one product is sold. Assume a company has pricing and cost information as follows: Price and Cost Information Amount Selling Price per Unit $30 Variable Cost per Unit $15 Total Fixed Cost $15,000 For the upcoming period, the company wishes to generate operating income of $40,000. Given the cost and pricing structure for the company's product, how much sales revenue must it generate to attain its target income? Step 1: Calculate the contribution margin ratio: The contribution margin ratio is the contribution margin in proportion to the selling price on a per-unit basis.…
Please help fill in the rest of the table on based on Cost-Volume-Profit relationship

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