(Hold all decimals in interim calculations. Round all final answers to the nearest whole number.)UnitUnitVariable NumberSellingOperating of UnitsPriceCostsSold$ 70 $ 2066Casea.b.C.d.280140TotalContributionMargin$ 875,00011,00030,000 5,000,00020,000 1,720,000TotalFixedCosts235,0001,500,000OperatingIncome$210,000117,500920,000 Data tableUnitSellingCase Pricea.b.C.d.GAUnitVariableOperatingCosts70 $2801402066Numberof UnitsSold11,00030,00020,000TotalContributionMargin875,0005,000,0001,720,000TotalFixedCosts235,0001,500,000OperatingIncome$ 210,000117,500920,000

Operating income is an entity's net income before any financial activity or taxes are deducted. The…

Answered: Hold all decimals in interim…

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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Determine the missing amounts. 1. 2. 3. $ Unit Selling Price $600 $250 (e) $ $ Unit Variable Costs $300 (c) (f) $ Unit Contribution Margin $70 $750 (a) C₁ M
HWGMOF373 Corp has the following data: Unit selling price Unit variable expenses (ID#15257) Total fixed expenses $200 $125 $300,000 39,300 units Actual sales in June Q: What was HWGMOF373's margin of safety in dollars for June? A: $ < Prev 12 of 25
31) Beta has three products, A, B, and C. The following information is available: C $24,000 9,000 Product A Product B $18,000 $90,000 Variable costs 36,000 48,000 15,000 Contribution margin 24,000 42,000 Sales $60,000 Fixed costs: Avoidable 6,000 Unavoidable 7,000 Product Operating income $ (400) 15,000 4,000 9,000 5.400 $ 11,000 Beta is thinking of dropping Product C because it is reporting a loss. Assuming it drops Product C and does NOT replace it, what will be the effect on operating income? (please list dollar value and the direction of the change in operating income)
Unit-level costs Fixed costs Total cost (a) Markup (a x 0.25) $276,000 60,000 336,000 84,000 Total sales (b) $420,000 Sales price per unit (b +12,000) $ 35 Required a. Gibson has excess capacity and receives a special order for 7,000 clocks for $28 each. Calculate the contribution margin per unit. Based on this, should Gibson accept the special order? b. Prepare a contribution margin income statement for the special order. Complete this question by entering your answers in the tabs below. Required A Required B Gibson has excess capacity and receives a special order for 7,000 clocks for $28 each. Calculate the contribution margin per unit. Based on this, should Gibson accept the special order? Contribution margin per unit Should Gibson accept the special order? 13
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Product: Complan Revenue per unit Total Variable Costs of Goods Sold Total Fixed Costs of Goods Sold B D ASSUMPTIONS Denver Santa Fe $30 $900,000 $30 $2,520,000 $1,650,000 $0 $150,000 $200,000 $320,000 $300,000 2 Total Variable Selling and Administration Expenses Total Fixed Selling and Administration Expenses Quarterly volume of units sold in the fourth quarter 20Y3 200,000 200,000 Projected Contribution Margin based Income Statement For Fourth quarter 20Y2 Sales Total Variable costs Contribution margin Denver $ Santa Fe $ An $6,000,000 $6,000,000 Co $1,050,000 $2,720,000 Co $4,950,000 $3,280,000 Co $1,970,000 $300,000 Cor $2,980,000 $2,980,000 Cor Total Fixed costs Net income 3 Calculate the followings: Variable Cost per unit Contribution Margin per unit Break Even units (use Roundup formula) Break Even sales (Break even units x Selling price per unit) Margin of Safety percentage Operating Leverage Denver Santa Fe $5.25 $24.75 79,596.00 $2,387,880 60.20% 1.66 Project Description Part…
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
Selling price $215 $230 Direct materials (pounds) 23,000 25,000 Direct materials costs per pound $30 $32 Manufacturing capacity for CM5 (units) 11,000 11,000 Conversion costs (fixed costs) $770,000 $803,000 Conversion costs per unit of capacity $70 $73 Manufacturing conversion costs in each year depend on production capacity defined in terms of CM5 units that can be produced. Required: What is the net effect on operating income as a result of the growth component? $51,000 $116,800 $112,000 $166,000
Sales (22,200 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 199,800 119,880 79,920 46, 620 $ 33,300 Per Unit $9.00 5.40 $ 3.60 Required: (Consider each of the four requirements independently): 1. Assume the sales volume increases by 3,330 units: a. What is the revised net operating income? b. What is the percent increase in unit sales? c. Using the most recent month's degree of operating leverage, what is the percent increase in net operating income? 2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 23%? 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 5%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 7%?…
3.19 Franz began business at the start of this year and had the following costs: variable manufacturing cost per unit, P9 (DM is P5); fixed manufacturing costs, P60,000; variable selling and administrative costs per unit, P2; and fixed selling and administrative costs, P220.000, The company sells its units for P45 each. Additional data follow: Planned production in units Actual production in units Number of units sold 10,000 10,000 8,000 Compute for the net income/(loss) under absorption, variable and throughput costine
k nces Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $100,000 65,000 35,000 30,100 $ 4,900 Required: 8. What is the break-even point in unit sales? Note: Round intermediate calculations to 2 decimal places.

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