C. $1,060,000.D. $1,080,000.PROBLEM 4The following is Unknown Corporation's contribution format income statement for last month:SalesP 2,000,000Variable Costs1.400.000Contribution Margin600,000Fixed Costs360,000Profit240,000The company has no beginning or ending inventories. A total of 40,000 units were producedand sold last month.Required: (1 point for each requirement)Compute for the following items:a. Selling price per unitb. Variable cost per unit2nd semester AY 2021- 2022Page 5 of 6C.Contribution margin per unitd. Contribution margin ratioe. Breakeven point in pesosf. Breakeven point in unit salesg.If breakeven sales in units will increase by 10,000 units, how much will be theincrease/decrease in profits?h. If breakeven sales in units will decrease by 4,000 units, how much will be theincrease/decrease in profits?

The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

D. $1,080,000. PROBLEM 4 The following is Unknown Corporation's contribution format income statement for last month: Sales P 2,000,000 Variable Costs 1.400,000 Contribution Margin 600,000 Fixed Costs 360,000 Profit 240,000

D. $1,080,000. PROBLEM 4 The following is Unknown Corporation's contribution format income statement for last month: Sales P 2,000,000 Variable Costs 1.400,000 Contribution Margin 600,000 Fixed Costs 360,000 Profit 240,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: LL Required Information The following information applies to the questions displayed below.]…

A: Management accounting is widely used by accountants and managers to determine the worth of the…

Q: The contribution format income statement for Huerra Company for last year is given below:…

A: Requirement:-1 Computation of the company’s margin, turnover, and return on investment (ROI) for the…

Q: Last year's contribution format income statement for Huerra Company is given below: Sales Variable…

A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…

Q: 4 Marchman Corporation has provided its contribution format income statement for April. Sales…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Q: The following is Addison Corporation's contribution format income statement for last month: Sales…

A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

Q: The following is Specter Corporation's contribution format income statement for last month: Sales…

A: A company's contribution format income statement is a managerial accounting tool that presents the…

Q: Company X requires sales of $2,042,000 to achieve its target net income. Contribution margin ratio…

A: Net income is the difference between contribution margin and fixed costs. Contribution margin is…

Q: n income statement for Howell Company: Sales $600,000 Variable costs (150,000) Contribution margin…

A: Margin of safety is the excess sales over break even sales. Margin of Safety = Actual Sales Revenue…

Q: Can u please help me with this questions

A: Explanation of Costing:Costing is the process of determining the costs associated with producing a…

Q: bryce Co. sales are $840,000, variable costs are $464,300, and operating income is $269,000. The…

A: Contribution margin = Sales - Variable costs = $840,000 - $464,300 = $375,700

Q: The following is Atari Corporation's contribution format income statement for last month: Sales:…

A: Contribution margin refers to the profit left after covering the variable expenses from the revenue.…

Q: Tadman Incorporated reported the following results from last year's operations: Sales Variable…

A: The contribution Margin is calculated as difference between sales and variable cost. The…

Q: Compute the breakeven revenue. Revenue Variable costs Contribution margin $40,000 30,000 10,000

A: Solution... Contribution margin ratio = Contribution margin / sales revenue

Q: Market size = $500,000 per month %3D R&D Spend Rate =$30,000 Mktg Spend Rate =$30,000 Employee…

A: Important Notes: Market size refers to the maximum total number of sales or customers your business…

Q: X Answer is not complete. Complete this question by entering your answers in the tabs below.…

A: Please see the next step for the solution

Q: pplicati... WP WileyPLUS B Bloomberg for Edu... Multiple Choice O O During its most recent fiscal…

A: Formula = sales - variable cost = contribution Variable cost = sales - contribution

Q: The February contribution format income statement of Mcabier Corporation appears below: Sales $…

A: Degree of operating leverage (DOL): DOL reflects variable and fixed cost relationship of an…

Q: Sales $ 400, eee Variable expenses 260,e00 140, eee Contribution margin Fixed expenses 96,eee Net…

A: Formula: Contribution margin ratio = ( Contribution margin / Sales ) x 100

Q: The income statement for Symbiosis Manufacturing Company for the year is as follows: Sales (10,000…

Q: A company provided the following results from It's operations: Total Sales $400,000 Variable…

A: Lets understand the basics. Contribution margin is a margin generated from sales. Contribution…

Q: A firm operated at 80% of capacity for the past year, during which fixed costs were $203,000,…

A: Fixed Costs are the cost that does not change with the change in the output. It remains the same…

Q: ryce Co. sales are $895,000, variable costs are $469,200, and operating income is $236,000. The…

A: Contribution margin is the percentage of earnings after variable costs to sales revenue. It is the…

Q: Westerville Company reported the following results from last year's open Sales Variable expenses…

A: Turnover = Sales/Average operating assets

Q: Determine Teague Co.'s operating leverage. Round your answer to one decimal plac

A: Operating leverage is an important concept in finance. It shows the degree to which a firm can…

Q: ntribution ced expens IS

A: Given: Sales=$400,000 Variable expenses=$280,000 Contribution margin=$120,000 Fixed expenses=100,000…

Q: The following data are available for the Firempong Corporation for a recent month: Product 1 Product…

A: Break-even point = Fixed costs /Weighted Average Contribution margin per unit where, Contribution…

Q: Westerville Company reported the following results from last year's operations: Sales $ 1,800,000…

A: Investment means we invest money in anything that gives a return.

Q: Sales 13,000,000 Variable expenses 8,600,000 Contribution margin 4,400,000 Fixed expenses 2,940,000…

A: Minimum required return = $8,000,000 x 15% = $1,200,000

Q: a. Young Company budgets sales of $1,100,000, fixed costs of $37,100, and variable costs of…

A: Contribution margin: Difference between the sales and the variable costs is called contribution…

Q: The following information relates to Your Corporation. It produced and sold 50,000 units last month.…

A: Contribution margin: Contribution margin represents the aggregate value of sales revenue present…

Q: 3. RequIred Informatlon The following information applies to the questions displayed below.]…

A: Net income on investment opportunity = (Sales * Contribution margin ratio) - Fixed expenses Net…

Q: Provide answer please

A: To get the amount of change of net income for the current year after the discontinuance of of…

Q: 1. $ 2. AWN - 3. Sales Revenue Variable Expenses 4. 415,000 $ 150,000 336,000 55,000 83,000 117,000…

A: The break even sales are calculated as fixed costs divided by contribution Margin Ratio. The…

Q: The following data pertain to Wistron Company's two products: Product X Product Y Sales in dollars…

A: The break-even point is the level of sales or revenue at which a business covers all its costs,…

Q: Halloween, Inc. reported the following income statement data for February: Sales $150,000; Total…

A: Given information is: Halloween Inc.reported the following income statement data for February: Sales…

Q: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating…

A: COMBINED MARGIN EARNED RATIO The Net operating Income of Last Year shall also Included in the…

Q: Copr. Goed Uplift, Inc. reported the following financial data for the segmented income statements:…

A: There are three types of expenses variable expense, fixed expenses and semi variable…

Q: Required information [The following information applies to the questions displayed below.] The…

A: 1. Residual Income - Residual income is income that one continues to receive after the completion of…

Q: How much is controllable margin? NUBD Manufacturing reported the following items for 2021: Income…

A: The controllable margin is calculated as difference between contribution margin and controllable…

Q: The contribution format income statement for Huerra Company for last year is given below: Sales…

A: Answer:- Return on Investment (ROI) is a financial ratio used as a measure of the profitability of…

Q: Need help

A: To analyze the financial impact of discontinuing Product G, let's break down the information…

Q: Required Information of 15 The following information applies to the questions displayed below]…

A: Margin = operatin income/ net sales

Q: The contribution format income statement for Huerra Company for last year is given below: Unit $…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: The contribution format income statement for Huerra Company for last year is given below: Total Unit…

A: A financial ratio that calculates the value an investor receives in comparison to the cost of their…

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…

Question

C. $1,060,000.
D. $1,080,000.
PROBLEM 4
The following is Unknown Corporation's contribution format income statement for last month:
Sales
P 2,000,000
Variable Costs
1.400.000
Contribution Margin
600,000
Fixed Costs
360,000
Profit
240,000
The company has no beginning or ending inventories. A total of 40,000 units were produced
and sold last month.
Required: (1 point for each requirement)
Compute for the following items:
a. Selling price per unit
b. Variable cost per unit
2nd semester AY 2021- 2022
Page 5 of 6
C.
Contribution margin per unit
d. Contribution margin ratio
e. Breakeven point in pesos
f. Breakeven point in unit sales
g.
If breakeven sales in units will increase by 10,000 units, how much will be the
increase/decrease in profits?
h. If breakeven sales in units will decrease by 4,000 units, how much will be the
increase/decrease in profits?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Introduction

VIEW

Step 2 Requirement (a)

VIEW

Step 3 Requirement (b)

VIEW

Step 4 Requirement (c)

VIEW

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

8
p4-4
The contribution format income statement for Huerra Company for last year is given below: Total Unit Sales $ 1,008,000 $ 50.40 Variable expenses 604,800 30.24 Contribution margin 403,200 20.16 Fixed expenses 323,200 16.16 Net operating income 80,000 4.00 Income taxes @ 40% 32,000 1.60 Net income $ 48,000 $ 2.40 The company had average operating assets of $499,000 during the year. Required: 5. As a result of a more intense effort by sales people, sales are increased by 10%; operating assets remain unchanged. 6. At the beginning of the year, obsolete inventory carried on the books at a cost of $18,000 is scrapped and written off as a loss, thereby lowering net operating income. 7. At the beginning of the year, the company uses $178,000 of cash (received on accounts receivable) to repurchase some of its common stock.
From the following information, compute percent change in operating income for the current year. Sales for the previous year $210,000 Contribution margin 181,000 Fixed costs 125,000 Operating income 36,000 Assume that sales for the current year increased by 17%. a.86% b.92% c.74% d.96%
With fixed costs of $10,000/month, AAA Corp reported a monthly profit of $5,000 when sales revenue was $30,000. The contribution margin ratio was 66% 1000 33% 25% 50%
7. Boone Corporation's income statement for the most recent month is given below. Company Store G Store H Sales 150,000 60,000 90,000 Variable expenses 60,000 30,000 30,000 Contribution margin 90,000 30,000 60,000 Traceable fixed expenses 60,000 15,000 45,000 Division segment margin 30,000 15,000 15,000 Common fixed expenses 10,000 Net operating income $20,000 Store H sales will increase by $15,000 with no change in fixed costs. What is the new division segment margin for Store H? Group of answer choices $35,000 $25,000 $40,000 $50,000
Your COGS$=$35,250 Total Labor = $26,000 Controllables = $5,750 Minimum Rent = $6,500 Advertising = $500 Net Sales $98,000 Your Controllable Profit% is:
rmn.3
Sw.
1. Pantok Manufacturing, most recent income statement follows: Total P208,000 144,000 Sales (8,000 units) Variable expenses.... Contribution margin.. Fixed expenses....... Net operating Income..... Per unit P 26.00 18.00 64,000 P 8.00 .56,000 ..P 8,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): a. The sales volume increases by 50 units. b. The sales volume declines by 50 units. c. The sales volume is 7,000 units.
Sales $48,000 Variable Expenses $32,000 Contribution Margin $16,000 Fixed Expenses $13,000 Net Operating Income $3,000 8.1 What is the contribution margin per unit? 8.2 What is the contribution margin ratio? 8.3 If sales increased to 1,010, what would be the increase in net operating income? 8.4 If sales decreased to 950, what would be the net operating income? 8.5 What is the breakeven point in units? Round up to nearest unit 8.6 How many units must be sold to achieve a target profit of $7,000? 8.7 What is the margin of safety in dollars and in percentage? 8.8 What is the degree of operating leverage? Consider the following for Sports Stuff Corporation. The following contribution format income statement is based on a sales volume of 1,000 units. The relevant range is 700 to 1,400 units. 8.9 If the selling price increased by $4 but the sales volume decreased by 10%, what would be the net operating income? 8.10 If the company…
Bryce Co. sales are $897,000, variable costs are $468,500, and operating income is $276,000. The contribution margin ratio is Oa. $2.2% Ob. 57.4% Oc. 47.8% Od. 43.5%