Fill in the blanks for each of the following independent cases. E (Click the icon to view the cases.) (For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Round the contribution margin percentage the nearest whole percent.) Variable Fixed Total Operating Contribution Case Revenues Costs Costs Costs Income Margin Percentage 2,800 $ 500 $ 400 $ 900 $ 1,900 82 % а. b. $ 2,900 2$ 400 2$ 1,200 - X Data Table Contribution Variable Fixed Total Operating Income Margin Percentage Case Revenues Costs Costs Costs Case a. $ 500 $ 900 $ 1,900 Case b. $ 2,900 $ 400 2$ 1,200 Case c. $ 1,000 $ 600 $ 1,000 Case d. $ 1,800 $ 400 50% Print Done

Fill in the blanks for each of the following independent cases. E (Click the icon to view the cases.) (For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Round the contribution margin percentage the nearest whole percent.) Variable Fixed Total Operating Contribution Case Revenues Costs Costs Costs Income Margin Percentage 2,800 $ 500 $ 400 $ 900 $ 1,900 82 % а. b. $ 2,900 2$ 400 2$ 1,200 - X Data Table Contribution Variable Fixed Total Operating Income Margin Percentage Case Revenues Costs Costs Costs Case a. $ 500 $ 900 $ 1,900 Case b. $ 2,900 $ 400 2$ 1,200 Case c. $ 1,000 $ 600 $ 1,000 Case d. $ 1,800 $ 400 50% Print Done

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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Island Novelties, Inc., of Palau makes two products-Hawaiian Fantasy and Tahitian Joy. Each product's selling price, variable expense per unit, and annual sales volume are as follows: Selling price per unit Variable expense per unit Number of units sold annually Hawaiian Fantasy 20 9 22,000 $ $ Tahitian Joy $ $ 110 33 6,000 Fixed expenses total $664,000 per year. Required: 1. Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. b. Compute the company's break-even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety percentage. 2. The company has developed a new product called Samoan Delight that sells for $30 each and that has variable expenses of $24 per unit. If the company can sell 22,000 units of Samoan Delight without incurring any additional fixed expenses: a. Prepare a revised contribution format…
Can you please provide calculations and answers to the requirement I would truly appreciate it. Thank you so much for helping me
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Save FNHPCF714 Corporation's info is below: Sales $635,000 VC $127,000 (ID#56554) FC $17,340 NOI $490,660 Q: How much is FNHPCF714's Contribution Margin? A: $ < Prev 20 of 25
As you can see, in the answer it says $1,000 unfavorable. I know how to figure out if it’s favorable or not from drawing a chart. But how do we know it’s unfavorable from this solution right here? Please explain. Thank you