© 79feuph.instructure.comQuestion 543 ptsGiven the following for Silver Company in 2019: revenues P5,300,000,manufacturing costs P2,200,000 (one-half fixed), and marketing andadministrative costs P 2,700,000 (two-thirds variable). The contribution marginis:1. P 400,0002. P 2,400,0003. Р 3.100,0004. P 3,300,000O 2O 3Question 553 ptsIn the fiscal year just concluded, the University Shop reported net income ofP4,000,000 on sales of P30,000,000. The variable costs as a percentage of feuph.instructure.com ASilverado Company incurred the following costs in the production of 10,000units of its main product X:Selling price per unitP 1,000Direct material150Direct labor120Variable overhead100Variable selling and administrative expense180Total fixed overhead2,200,000Total fixed selling and administrative expense880,000What is the contribution margin ratio?1. 37%2. 45%3. 55%4. 63%O 1O 20 34

Solution-54 Sales Revenue P53,00,000 Variable costs: Variable manufacturing costs…

Answered: Given the following for Silver Company…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Determine the IMU% which will be required to achieve a 5.2% profit with the following figures: • Markdowns 4.0% • Employee discounts • Expenses • Shortages • Cash discounts 0.9% 45.0% 1.2% 1.1% • Alteration costs 0.9% a.) Calculate the IMU% for this department b.) What is the Reduction% for this department
O e. Sales - variable expenses + profit = fixed expenses For XYZ Company, how many units of their product would have to be sold to yield a target operating income of $210,000 for the financial year ending 2021, assuming variable costs are $50 per unit, total fixed costs are $90,000, and the unit selling price is $65? a. 14,000 units Ob. 6,000 units Oc. 20,000 units O d. 6,000 units OUS PAGE NEXT PAGE 16
please show the steps to calculate the DOL, DFL and DCL. please write out the steps
How much is controllable margin? NUBD Manufacturing reported the following items for 2021: Income tax expense P 30,000 Contribution margin 100,000 Controllable fixed costs 60,000 Interest expense 20,000 Total operating assets 325,000
GenoPearls Inc. has the following data for the year 2021:· Margin of safety is P 10,000 · Variable expense of P 8,000· Fixed expense of P 4,000 (all cash)· Margin of safety ratio of 12.50%.· Selling price is P 10 per unit· Degree of operating leverage is 8· Degree of financial leverage is 4.5· EBIT (Earnings before interest and taxes) of P 4,000. · The company has total depreciable assets of P 82,000 with salvage value of P 2,000 and useful life of 20 years. (Straight line method was used in computation of annual depreciation) Compute the cash break even
The actual selling expenses incurred in March 2022 by Sheffield Company are as follows. Variable Expenses Fixed Expenses Sales commissions $12,100 Sales salaries $38,500 Advertising 7,590 Depreciation 7,700 Travel 5,610 Insurance 1,100 Delivery 3,795 Variable costs and their percentage relationship to sales are sales commissions 6%, advertising 4%, travel 3%, and delivery 2%. Fixed selling expenses will consist of sales salaries $38,500, Depreciation on delivery equipment $7,700, and insurance on delivery equipment $1,100.
Or The cost and revenue information of India Company for the last year (2022) is provided below: Sales units - 200 units, Selling price per unit - 1500 dollars, Number of units produced 200 units, DM - $850 per unit, DL - $115 per unit. Var MOH- $20 per unit. Fixed MOH- $45,000, Var Selling and Adm Exp = $15 per unit, Fixed S&A Exp = $15.000, A.) Prepare CVP Income Statement. B.) Calculate BEP in Units and BEP in dollars. C.) What is the margin of safety ratio of India Co.? D.) Calculate the degree of operating leverage and explain what happens to NI if sales increase 10% and decrease 10%.
Please help me figure a-e
1. The following CVP income statements are available for ABC Company and XYZ Company. АВС Сompany XYZ Company CVP I/S for 2020 CVP I/S for 2020 Sales $500,000 300,000 200,000 180,000 $500,000 180,000 320,000 300,000 $ 20,000 Variable costs Contribution margin Fixed costs Operating income $ 20,000 (a) Compute the break-even point in dollars and the margin of safety ratio for each company. (b) Compute the degree of operating leverage for each company. (c) Assuming that sales revenue decreases by 20%, prepare a CVP income statement for each company. (d) Assuming that sales revenue increases by 20%, calculate the operating incomes of the two companies without preparing income statement. (Use DOL)
2019: Sales =5,600,000, Profit/(Loss) =800,000 2018: Sales= 4,400,000, Profit/(Loss) = 500,000 Compute the following: (i) P/V ratio; (ii) Fixed costs; (iii) Break-even sales; (iv) Margin of Safety at a profit of 480,000
The annual FC amounted to P798,000. At present, the contribution margin ratio is 42%. Determine the amount of sales if the desired profit is P173,800 net of the ff. tax rates: For the first P100,000 25% In excess of P100,000 35%
The following information has been taken from the accounting records of Ahmed and Company in first and second period. Period Sales Profit 2019 $ 100,000 $15,000 2020 150,000 25,000 Calculate: 1) Profit volume ratio 2) Fixed cost for two periods 3) Variable cost of two periods. 4) Break Even Point in dollars sales Sales required to earn a profit of $25,000 Profit when sales are $200,000

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Given the following for Silver Company in 2019: revenues P5,300,000, manufacturing costs P2,200,000 (one-half fixed), and marketing and administrative costs P 2,700,000 (two-thirds variable). The contribution margin is: 1. P 400,000 2. P 2,400,000 3. P 3.100,000 4. P 3,300,000