Green and White Company reported the following monthly data:3,600 units$ 27 per unit$ 2 per unit$ 3 per unit$ 3.50 per unit$ 14,400 in total$0.50 per unitUnits producedSales priceDirect materialsDirect laborVariable overheadFixed overheadVariable selling andadministrative expensesFixed selling and administrativeexpensesWhat is Green and White's contribution margin for this month if 1,140 units were sold?Multiple ChoiceO $64,800O $20,520$30,780$97,200$3,600 in total$25,080

Name: Green and White Company reported the following monthly data:3,600 uni
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Green and White Company reported the following monthly data:3,600 units$ 27 per unit$ 2 per unit$ 3 per unit$ 3.50 per unit$ 14,400 in total$0.50 per unitUnits producedSales priceDirect materialsDirect laborVariable overheadFixed overheadVariable se

Contribution Margin = Sale Revenue - Variable Expenses

Business

Accounting

Green and White Company reported the following monthly data: Units produced Sales price 3,600 units $ 27 per unit $ 2 per unit $3 per unit Direct materials Direct labor Variable overhead $ 3.50 per unit $14,400 in total Fixed overhead Variable selling and $0.50 per unit administrative expenses Fixed selling and administrative expenses What is Green and White's contribution margin for this month if 1,140 units were sold? Multiple Choice O $64,800 $20,520 $30,780 $97,200 $3,600 in total $25,080

Green and White Company reported the following monthly data: Units produced Sales price 3,600 units $ 27 per unit $ 2 per unit $3 per unit Direct materials Direct labor Variable overhead $ 3.50 per unit $14,400 in total Fixed overhead Variable selling and $0.50 per unit administrative expenses Fixed selling and administrative expenses What is Green and White's contribution margin for this month if 1,140 units were sold? Multiple Choice O $64,800 $20,520 $30,780 $97,200 $3,600 in total $25,080

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

In the last reporting period, Global Tech Company recorded 140,000 units sold for the first time in the history of the company. The price per unit was $85.63 and variable costs per unit at $35.07. Compute the contribution margin. Next, compute the fixed costs if the operating income is $3,810,000. OA. $4,909,800; $4,528,800 OB. $7,078,400; $3,268,400 OC. $4,909,800; $5,290,800 OD. $11,988,200; $11,607,200
The Abigail Company produces and sell two products, X and Y. Cost and revenue data on the products follow: Product X Product Y P24 Selling price per unit Variable cost per unit Contribution margin per unit P20 12 6. P8 P18 In the most recent month, the company sold 400 units of Product X and 800 units of Product Y. Fixed expenses are P10,000 per month. REQUIRED: 1. Prepare a comparative income statement for both products on the most recent monthly projections. 2. Compute the company's overall monthly break-even point in peso sales.
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
The following monthly data in contribution format are available for the Ross Company and its only product. Product SD: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ $ $ $ $ 224.000 177.800 46,200 34.500 11,700 Per Unit $ 160 127 33 $ company produced and sold 1.400 units during the month and had no beginning or ending inventories, a) What is the current operating leverage? b) Projections indicate that the market will contract by 15% next month. What is the projected net operating income given this increase?
Miller Company's contribution format income statement for the most recent month is shown below: Total Per Unit Sales (25, 800 units) $ 232,200 $ 9.00 Variable expenses 139,320 5.40 Contribution margin 92,880 $ 3.60 Fixed expenses 54,180 Net operating income $ 38,700 Required: (Consider each of the four requirements independently): Assume the sales volume increases by 4, 128 units: What is the revised net operating income? What is the percent increase in unit sales? Using the most recent month's degree of operating leverage, what is the percent increase in net operating income? 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 23 % ? What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7 % ? What is the revised net operating income if the selling price per unit increases by 20%, variable…
None
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
McDaniel Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) Variable expenses Contribution margin H Fixed expenses Net operating income $54,600 $59,800 $69,400 $ O $13,362 $ 155,400 100,800 If the company sells 4,600 units, its total contribution margin should be closest to: 54,600 42,400 12,200
A company reports the following contribution margin income statement. Contribution Margin Income Statement For Year Ended December 31 Sales (19,200 units at $22.50 each) Variable costs (19,200 units at $18.00 each) Contribution margin. Fixed costs Income The manager believes the company can increase sales volume to 22,000 total units by increasing advertising costs by $16,200. Required A Required B Complete this question by entering your answers in the tabs below. Contribution Margin Income Statement For Year Ended December 31 $ 432,000 345,600 Prepare a contribution margin income statement assuming the company incurs the additional advertising costs and sales volume increases to 22,000 units. Sales Variable costs Contribution margin 86,400 64,800 $ 21,600 Fixed costs Income
Vala
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $319,200 Variable expenses 188,100 Contribution margin 131,100 Fixed expenses 106,500 Net operating income $24,600 If the company sells 5,300 units, its net operating income should be closest to: Group of answer choices $24,600 $2,200 $22,874 $15,400
Gadubhai