Jilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=falseeBookShow Me HowContribution Margin Ratioa. Young Company budgets sales of $1,280,000, fixed costs of $66,200, and variable costs of $294,400. What is the contribution margin ratio for Young Company?%b. If the contribution margin ratio for Martinez Company is 52%, sales were $682,000, and fixed costs were $262,430, what was the operating income?Check My Work 2 more Check My Work uses remaining,BPreviousNext

Answer Formula = Contribution margin = Sales - variable cost / sales

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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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take Assignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How Support Department 1 cost allocation k My Work 2 more Check My Work uses remaining. Production Department 1 Production Department 2 $ 142 × 320 Support Department Cost Allocation-Direct Method Yo-Down Inc. produces yogurt. Information related to the company's yogurt production follows: Production Production Production Department 1 Department 2 Department 3 Support Department 1 cost driver 3,600 600 1,800 Support Department 1's costs total $130,000. Using the direct method of support department cost allocation, determine the costs from Support Department 1 that should be allocated to each production department. Production Department 3 $ tA KC ✰✰4 = 0 B + Updat
Problem 6-58 (Static) Predetermined Rates and Product Profitability: Two Stage Cost Allocation (LO 6-3, 4, 5) Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 9,000 15,000 24,000 Revenues $ 1,200,000 $ 800,000 $ 2,000,000 Engineering hours 10,000 6,000 16,000 Engineering cost $ 240,000 $ 360,000 $ 600,000 Administrative costs $ 480,000 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 10,000…
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01:09:21 ook nt nces Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Required 1 Required 2 Claimjumper $ 63,900 42,600 $ 21,300 Sales Variable expenses Contribution margin Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Fixed expenses Net operating income (loss) Complete this question by entering your answers in the tabs below. Required 3 Makeover $21,300,000 106,500 42,600 $ Prepare a contribution format income statement at the company's break-even point that sh for the two products. (Do not round intermediate calculations. Round your answers to the r…
on 1 - Case X 9 tps://ezto.mheducation.com/ext/map/index.html?_con=con&external... A Case 1-23/FA MA X Q2. Part 2: Analyze Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Fixed production costs Advertising expense Administrative salaries Total April May Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Standard 2,000 8,000 Req 1A Sales, in units, over the past two months have been as follows: Deluxe 1,000 1,000 Saved Req 1B Per Month $ 124,000 104,000 54,000 $ 282,000 Req 3 X Prepare contribution format incom Standard $ 40.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution…
nework Assignment i Help Submit Saved Save & Exit Check my work ! Required information [The following information applies to the questions displayed below.] Warner Clothing is considering the introduction of a new baseball cap for sales by local vendors. The company has collected the following price and cost characteristics. Sales price Variable costs 15 per unit 3 per unit 42,000 per month Fixed costs Assume that the company plans to sell 5,000 units per month. Consider requirements (b), (c), and (d) independently of each other. Required: a. What will be the operating profit? b. What is the impact on operating profit if the sales price decreases by 10 percent? Increases by 20 percent? c. What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent? d. Suppose that fixed costs for the year are 10 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on…
Home CengageNOWV2| Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=D&inprogress-false Rusty Co. sells two products: X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y Related data are as follows: Unit Selling Unit Variable Unit Contribution Product Price Cost Margin $110 $70 $40 70 50 20 For break-even analysis, the unit contribution margin of E was Oa. $22.50 Ob. $60.00 Oc. $40.00 d. $20.00
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