Current Attempt in Progress rt Concord Corporation reported the following information for the current year: Sales (49000 units) $980000, direct materials and direct labor $490000, other variable costs $49000, and fixed costs $360000. What is Concord's contribution margin ratio? O 68%. O 55% o 32%. ) 45%. C
Q: 3 Whirly Corporation's contribution format income statement for the most recent month is shown…
A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…
Q: Current Attempt in Progress For Sheridan Company, variable costs are 70% of sales, and fixed costs…
A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…
Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…
A: Variable cost will remain constant per unit. If additional units are produced then additional…
Q: Golden Corporation provided the following data pertaining to its recently concluded operations:…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Company XYZ has a monthly rental amount of 2000 USD, credit payments(1200 per year), materials…
A: PARTICULARS AMOUNT($) Selling price 150 (less): Material cost (30) (less): Labor cost (70)…
Q: 1. Assume the sales volume increases by 4,896 units: a. What is the revised net operating income? b.…
A: Profitability statement can be presented as below - ParticularsAmountSalesxxx(-) Variable…
Q: Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175;…
A: Given, Selling price = $ 175 per unit Annual Fixed cost = $ 45000 Variable cost: Direct…
Q: Miller Company's contribution format income statement for the most recent month i Sales (38,000…
A: Net operating income:Net operating income is the earnings before adding any cost from financing or…
Q: Waterway Industriesrecorded operating data for its shoe division for the year. The company's desired…
A: Controllable Margin of the year is $220000.Explanation:Contribution Margin = $ 340000 Total direct…
Q: Stupper Corporation manufactures two products; data are shown below: Relative Sales Mex Contribution…
A: Break-even sales is a fundamental concept in business and financial analysis. It represents the…
Q: ! Required information [The following information applies to the questions displayed below.] Hudson…
A: MARGIN OF SAFETYSales Above the Break-Even Point is Called Margin of Safety Sales. Margin of Safety…
Q: A company with monthly revenue of $146,000, variable costs of $56,500, and fixed costs of $42,600…
A: The contribution margin is calculated as the difference between sales and variable costs. The net…
Q: Break-Even Sales and Sales to Realize Operating Income For the current year ending December 31,…
A: Break even point is that point of sale, where the company is able to recover all its cost and is…
Q: Sally Company sells 25,000 units at $47 per unit. Variable costs are $28.67 per unit, and fixed…
A: Particular $ Sales 47 variable cost -28.67 contribution per unit 18.33 Contribution for…
Q: For Concord Corporation at a sales level of 4000 units, sales is $67000, variable expenses total…
A: CVP analysis is considered a decision-making tool that helps management to make strategies and take…
Q: Year Production-units Total Cost 2015 100,000 $ 500,000.00 2016 150,000…
A: Highest level is found at year 2019 Lowest level is found at year 2015
Q: For Waterway Industries at a sales level of 4000 units, sales is $83000, variable expenses total…
A: The Contribution Margin (CM) per unit is the difference between Sales per unit and Variable Cost per…
Q: Contribution margin ratio a. Coastal Company budgets sales of $1,280,000, fixed costs of $83,500,…
A: The contribution margin is calculated as the difference between the sales and variable costs. The…
Q: Break-Even Sales and Sales to Realize Income from Operations For the current year ended October 31,…
A: Break even sales are the monetary value of sales where eth entity earns normal profit that is no…
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: According to the given question, we need to determine the required figures mentioned in the…
Q: The contribution margin that the company would disclose on an absorption-costing income statement…
A: Total variable cost = Variable production cost + variable selling and admin cost = 4 + 1 = P5 per…
Q: Hudson Company reports the following contribution margin income statement. HUDSON COMPANY…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: Required: (Consider each case independently): 1. What is the revised net operating income if unit…
A: CVP stands for Cost Volume Profit analysis, under which we ascertain the effect of change in the…
Q: Klamath Company produces a single product. The projected income statement for the coming year is as…
A: Formulas required to calculate the given problem: Contribution Margin per unit: contribution/ Number…
Q: JJ Company produces a variety of products. The company's project income statement for the coming…
A: Lets understand the basics. Contribution margin is a margin generated from the sales made on each…
Q: JJ Company produces a variety of products. The company's project income statement for the coming…
A: Contribution margin is part of total revenue which is left after absorption of variable cost. Break…
Q: Required information [The following information applies to the questions displayed below.] Data for…
A: The objective of the question is to determine the impact on the net operating income if Hermann…
Q: Current Attempt in Progress Waterway Industries has two divisions; Sporting Goods and Sports Gear.…
A: Contribution margin is the amount of money earned by the entity after deducting the variable costs…
Q: MacNeil Company's most recent contribution format income statement is show below: Sales (40,000…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: Current Attempt in Progress Marigold Corp. has two divisions; Sporting Goods and Sports Gear. The…
A: Compute total contribution margin using sales mix for the two divisions as shown below:
Q: Find the production cost for 3 years, considering the given data: a. Material Cost - 21,000.00 b.…
A: Production cost: Production cost means total manufacturing costs; including all direct materials,…
Q: Required Information (The following information applies to the questions displayed below] Oslo…
A: calculation of increase in net operating income by using degree of leverage Degree of leverage is a…
Q: Company B has the following information for the year 20XO: Sold units Sales price per unit Unit…
A: Return on Investment: This percentage shows how much profit we have made by investing in how many…
Q: Assume the following financial data pertains to a certain single-product lodging business: Room…
A: Contribution Margin Percentage = (Contribution Margin / Room Sales) x 100
Q: Sheridan Company had the following operating data for the year for its computer division: sales,…
A: Controllable margin is the excess of contribution margin over controllable fixed costs. The…
Q: HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 (10,400 units at $280…
A: When target income is given and calculation is needed for determining the target sales amount then…
Q: Assume Touch of Gray Salon, a Berkeley hair salon provides various hair styling services, including…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: Contribution margin per constraint Zion Metals Inc. has three grades of metal product, A1, B3, and…
A:
Q: Required information [The following information applies to the questions, displayed below.]…
A: INCOME STATEMENTIncome Statement is one of the Important Financial Statements of the Company. Income…
Q: Determine the new operating income using the following assumptions:Selling Price/unit: $27Variable…
A: Dear student, I have provided an answer and explanation to your assignment. Please pay close…
Q: Required information [The following information applies to the questions displayed below.] Data for…
A: The amount of net operating income increase (decrease) per month would be increase in amount of…
Q: Sally Company sells 37,000 units at $50 per unit. Variable costs are $34.00 per unit, and fixed…
A: Under the variable costing, contribution margin is the difference between sales and variable costs.…
Q: Crane Company reported the following information for the current year: Sales (40000 units) $800000,…
A: The contribution margin ratio is a financial metric that represents the percentage of sales revenue…
Q: What would be the total contribution to profit to the company as a whole for 10,000 units…
A: Total variable cost per unit = Variable cost per unit in Department A + Additional processing costs…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- kk. Subject :- AccountingSolve complete questionsX Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit $1,250 Variable cost per unit S750 Total fixed costs $14,000,000 Based on the above, the unit contribution margin is: * 40% $500 $16,000,000 O None of the above
- gnment i ces Saved Current operating income for Bay Area Cycles Company is $22,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $88,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? 2. How many additional unit sales would be necessary to achieve operating income of $65,000? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Revenue Variable expense Contribution margin Fixed expense Operating income Per Unit Volume $ 100.00 Total Ratio 100 % % 25 % $ (88,000) 22,000 Required 1 Required 2 > HQuestion 1: Estimation of WC The management of ABC Company Limited has called for a statement showing the WC needed to finance a level of activity of 3,00,000 units of output per year. The cost statement of the company's product, for the above-mentioned activity level, is given below: Cost per unit TK 20 Direct material Direct labor Overhead Total cost Target profit Target selling price 5 TK 15 40 10 TK 50 1. Past records show that raw materials are held in stock, on an average, for two (2) months; 2. Work in process (WIP) will approximate to 15 days production; 3. Finished goods remain in warehouse on average for 1 month; 4. Suppliers for materials extend one month's credit; 5. Two months credit is normally allowed to customers (assume all sales are on credit) 6. A minimum cash balance of TK 5,00,000 is expected to be maintained; 7. The production pattern is assumed to be even during the year. Prepare a Statement of Working Capital RequirementsA-6
- Breakeven analysis and target profit, taxes, what - if analysis Pome Company produces a single product: the Core. The following table provides the Core's details: Per unlt Sellingprice 10% of selling price For the upcoming 7 Labor cost. 6 Variable overhead cost. . . . . 2 Sales commissions.. .$30 Materials cost year, Pome Company expects to sell 500,000 units of the Core, have total fixed costs of $4,500,000, and face a tax rate of 30% of income. Required (a) At the expected level of unit sales, what is the after - tax income? (b)What is the breakeven unit sales of the Core? (c) The marketing manager believes that if the Core's price is cut by $2 unit, sales will increase by 10% . Is this change desirable from a financial perspective? (d)Ignore part (c) when answering this question. The production manager believes that if Pome Company rents a new machine, total manufacturing variable costs ( materials, labor, and overhead) per unit will each drop by 10% . What is the annual rent for…ch7-50 Jellico Inc.'s projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $ 12,150,000 Total variable cost 7,533,000 Contribution margin $ 4,617,000 Total fixed cost 2,875,878 Operating income $ 1,741,122 Required: 1(a). Compute variable cost per unit. Enter your answer to the nearest cent.$per unit 1(b). Compute contribution margin per unit. Enter your answer to the nearest cent.$per unit 1(c). Compute contribution margin ratio. % 1(d). Compute break-even point in units. units 1(e). Compute break-even point in sales dollars.$ 2. How many units must be sold to earn operating income of $376,542? units 3. Compute the additional operating income that Jellico would earn if sales were $50,000 more than expected.$ 4. For the projected level of sales, compute the margin of safety in units, and then in sales dollars. Margin of safety in units units Margin of safety in sales dollars $ 5. Compute the degree…Coastal Carolina Company has a product with a unit selling price of $200, the unit variable cost is $110, and the total monthly fixed costs are $300,000. What is Coastal Carolina's contribution margin ratio? OA) 182% B) 55% C) 45% OD) 150%
- Cost Volume Profit Total Company produces one type of machine with the following costs and revenues for the year: Total revenues $4,200,000 Total fixed costs $1,400,000 Total variable costs $2,800,000 Total units produced and sold 700,000 a calculate the breakeven in unit b calculate the quantity that would produce an operating profit of $100000 c calculate the quantity that would produce an operating profit of 10 percent of sales dollars d calculate the breakeven quantity if sales increased by 20 perc ent e calculate the operating margin if 50000 unit are soldpre.305 quired information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,700 units at $280 each) Variable costs (9,700 units at $210 each) Contribution margin Fixed costo Income HUDSON COMPANY Contribution Margin Income Statement. For Year Ended December 31 1. Amount of sales 2. Margin of safety $ 2,716,000 2,037,000 1. Assume Hudson has a target income of $163,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) % 679,000 441,000 $ 238,000