DEF Company distributes two products, X and Y. Monthly sales for X are $150,000. Monthly sales for Y are $250,000. CM ratio for X is 70%. CM ratio for Y is 40%. Fixed expenses are $153,750 per month. Required: A) Prepare a contribution format income statement for the company as a whole. Calculate percentages to two decimal places. B) What is the company's breakeven point in dollar sales based on the current sales mix? C) What are the dollar sales of X and Y at the breakeven point you calculated in (B)?
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- what is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)A company sells one product and its contribution margin ratio is 10%. The company provides the following data regarding their operation: Current sales revenue $3,540,000 $3,681,600 Expected sales revenue next year Expected increase in net operating income next year 12% Q. What is the net operating income for the current year? ANS. $Frisch Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 170.00 $ 83.30 $138,720 Required: Show all calculations and formulas and present your work in good accounting form as illustrated in the lectures. a) Determine the monthly b) Determine the monthly break-even in units? break-even in dollars?
- Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 65,000 to 105,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 95,000 units during the year at a selling price of $9.36 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Total cost Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit $ $ $ 65,000 Units Produced and Sold 85,000 214,500 430,000 644,500 $ 0.00 $ 43,000 43,000 $ 0.00 $ 105,000 43,000 43,000 0.00A company sells one product and its contribution margin ratio is 20%. The company provides the following data regarding their operation: Current sales revenue Expected sales revenue next year Expected increase in net operating income next year $2,760,000 $2,870,400 20% Assuming that there is no change in total fixed expenses, what is the net operating income for the current year? Answer: $(Click to select)
- Shalom Company had sales of P1,500,000 for the first quarter of 2022. During the period, the company had the following costs: Cost of goods sold Selling expenses Administrative expenses Fixed 230,000 200,000 160,000 Variable 320,000 170,000 110,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) Format of percentages: 88% Words must be in capital letters. Contribution margin Contribution margin ratio Operating income If Shalom Company used the same cost structure for cost-volume-profit analysis and sold 10,000 units in the second quarter of 2022, did the company earn a profit? Yes or No?Omega Enterprise sells two products, Model E100 and F900. Monthly sales and the contribution margin ratios for the two products, follow : Product.. Model E100 Model F900 Total Sales P700,000 P300,000 1,000,000 Contribution margin ratio The company's fixed expenses total P598, 500 per month. 60% 70% ? 3. What is the company's total contribution margin ratio? (2-43) a. 60% c. 70% b. 63% d. 65% 4. What is the company's total net operating income? (2-44) a. P630,000 b. P 31,500 5. The break-even point for the company based on the current sales mix is (2-44) a. P900,000 b. P950,000 P210,000 P420,000 C. d. P1,000,000 P1,050,000 c. d.3) Popular Inc. produces and sells two products. During the most recent month, Pen's sales were $24,000 and its variable expenses were $7,920. Pencil's sales were $41,000 and its variable expenses were $14,180. The company's fixed expenses were $40,350. Required: a. Prepare a contribution format income statement for the business. b. Determine the overall break-even point for the company in total sales dollars. c. Verify your answer of requirement b by constructing a contribution income statement.
- Answer in 2 decimal places. Rate will be given! Crumbley Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product W12 Product X34 Sales ₱16,000 ₱48,000 Variable expenses ₱5,920 ₱7,520 Fixed expenses for the entire company were ₱42,760. a. Determine the overall break-even point for the company in total peso sales?A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expense, 74% is cost of goods sold, while the remaining 26% relates to variable operating expenses. The company sells each carton of calendars for $16.50. 1. Begin by determining the basic income statement equation. - - = Operating income Compute the number of cartons of calendars that College Spirit Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $308,000 in operating income (round the contribution margin ratio to two decimal places). Begin by determining the formula. ( + ) / = Target sales in dollars 3. Prepare the company's contribution margin income statement for June for sales of 450,000 cartons of calendars 4.…