Delos, Inc. reports the following information for April: Units sold Sigma 2,000 units Gamma 700 units Sales price per unit $250 $600 Variable manufacturing cost per unit 150 480 Sales commission per unit: Sigma: 8% of sales price 20 Gamma: 6% of sales price 36 What is the contribution margin of Sigma? OA. $200,000 OB. $80,000 OC. $460,000 OD. $160,000 19

Delos, Inc. reports the following information for April: Units sold Sigma 2,000 units Gamma 700 units Sales price per unit $250 $600 Variable manufacturing cost per unit 150 480 Sales commission per unit: Sigma: 8% of sales price 20 Gamma: 6% of sales price 36 What is the contribution margin of Sigma? OA. $200,000 OB. $80,000 OC. $460,000 OD. $160,000 19

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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1
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $8.00 5.00 $1.00 Sales (39,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case Independently) Total $312,000 195,000 117,000 41,000 $76,000 1. What is the revised net operating income if unit sales increase by 18%3 2. What is the revised net operating income if the selling price decreases by $110 per unit and the number of units sold increases by 19%7 3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 2%7 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 10%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income
2. A company sells a single product at a price of $20 per unit. Variable expenses are$12 per unit. The company’s contribution format income statement for the mostrecent month follows:Total Per UnitSales (15,000 units) $300,000 $20Variable expenses 180,000 12Contribution margin 120,000 $8Fixed expenses 100,000Net operating income $20,000If the company sells 16,500 units next month, what should be the company’s totalcontribution margin? Show your calculations. Suggested approach: Total number of units sold × Unit CM **Pls help me im clear soultion with accurate answers pls thank u
shobha
sales per unit $15 $100 variable expenses per unit $9 $20 units sold annualy 20,000 5,000 Hawaiian Tahitian Joy Fantasy 15 Selling price per unit Variable expense per unit Number of units sold annually $ 100 20 5,000 20,000 Fixed expenses total $475,800 per year. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole
Trillium, Inc. reports the following information for April: Alpha Beta Units sold 3,000 units 750 units Sales price per unit $250 $700 Variable manufacturing cost per unit 175 500 Sales commission per unit: Alpha: 4% of sales price 10 Beta: 6% of sales price 42 What is the contribution margin ratio of Beta? (Round your answer to two decimal places.) OA. 30% OB. 28.57% ○ C. 6% OD. 22.57%
Delos, Inc. reports the following information for April: Sigma 2,000 units $300 150 Units sold Sales price per unit Variable manufacturing cost per unit Sales commission per unit: Sigma: 8% of sales price Gamma: 10% of sales price What is the contribution margin of Sigma? OA. $300,000 OB. $252,000 OC. $72,000 OD. $552,000 24 Gamma 700 units $600 480 60
Miller Company's contribution format income statement for the most recent month is shown below: Per Unit $ 7.00 4.00 $3.00 Sales (45,000 units) Variable expenses Contribution margin Fixed expenses Net operating income. Total $ 315,000 180,000 135,000 44,000 $91,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 14%? 2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 15%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $7,000, and the number of units sold decreases by 8%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 40 cents per unit, and the number of units sold decreases by 5%? > Answer is complete but not entirely correct. 1. Net operating income $ 109,900 2. Net operating income $…
XYZ, Inc. reports the following information for November: Sales Revenue $800,000 Variable Cost of Goods Sold 110,000 Fixed Cost of Goods Sold 45,000 Variable Selling and Administrative Costs 100,000 Fixed Selling and Administrative Costs 70,000 Calculate the gross profit for November using absorption (traditional) costing. Question 18Select one: A. $ 730,000 B. $690,000 C. $700,000 D. $645,000
23. Sparkle Jewelry sells 800 units resulting in $85,000 of sales revenue, $32,000 of variable costs. And $ 26,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is? a. 909 units. b. 393 units c. 1,012 units d. 619 units
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Miller Company's contribution format income statement for the most recent month is shown below: Total $ 288,000 192,e00 Per Unit Sales (32,000 units) Variable expenses $ 9.00 6.00 $ 3.00 Contribution margin 96, e00 Fixed expenses 41,000 $ 55, eee Net operating income Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases 20%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $9,000, and number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents p unit, and the number of units sold decreases by 8%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income 69,400 16,600