King Mattresses sells both mattress sets and bed frames. Last quarter, total sales were $50,000 formattress sets and $25,000 for bed frames. Return on investment (ROI) was 10% for both divisions,while asset turnover (AT) was 5 for mattress sets and 2 for bed frames. What was the amount ofoperating profit for each division?

Q: Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80…

A:

Q: Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total…

A: units sold = 37,000 units Total sales = $148,000Variable cost = $115,440Fixed cost = $36,500

Q: Jaffre Enterprises distributes a single product whose selling price is $16 and whose variable…

A:

Q: If a company's cost of sales divided by total sales results in 70 percent, how much does the company…

A: Income statement is a type of financial statement that shows profitability, total revenue and total…

Q: Trez Company began operations this year. During this year, the company produced 100,000 units and…

A: The income statement includes all the revenue and expenses. The resulting amount after deducting…

Q: Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $289,000, total…

A: Contribution Margin Ratio: The contribution margin ratio is the percent change between a company's…

Q: The following annual information is for Bressler Corporation:   Product X Revenue per unit: $10.00…

A: Desired units = (Fixed cost + Net income /(1-tax rate))/Contribution margin per unit Total fixed…

Q: Sunshine Company’s single product has a selling price of P25 per unit. Last year the company…

A: Required sales in units can be calculated by dividing sum of fixed cost and profit with contribution…

Q: Mark's small business can produce up to 1,200 units. He looks at his profit information from the…

A: Margin of safety is the difference between total sales and break even sales. Brek even point is the…

Q: A company sells one product and its contribution margin ratio is 20%. The company provides the…

A: The contribution margin is calculated as difference between sales and variable costs. The net income…

Q: Coney Adventures Inc. sells one product for $5. The variable cost per item is $3, and the fixed…

A: A Break-even point is a situation where the company earns no profit and faces no loss.

Q: Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total…

A: Contribution margin is the difference between total sales revenue and total variable expenses,…

Q: Dean Company has sales of $240,000, and the break-even point in sales dollars is $127,200. Determine…

A: Margin of safety = [(Current sales - Break-Even sales)/Current sales]×100

Q: Last year Minden Company introduced a new product and sold 25, 500 units of it at a price of $90 per…

A: CVP analysis, or cost-volume-profit analysis, is a management accounting technique used to analyze…

Q: Assume a  company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What…

A: Units sold means the number of goods sold by the entity in the market during a particular period.…

Q: Most businesses sell several products at varying prices. The products often have different unit…

A: Breakeven Point is that level of sales at which there is no profit no loss. In other words iat…

Q: Compute Total fixed expenses for Waymire.

A: Particulars  Division A   Working   Division B   Working   Total  Sales   1,20,000.00 60% of Total…

Q: A company sells one product and its contribution margin ratio is 10%. The company provides the…

A: Net operating income is the income earned by the company from its operations. It is reported in the…

Q: Last year Minden Company introduced a new product and sold 14,000 units at a price of $72 per unit.…

A: The question is based on the concept of Cost Accounting.Net operating profit or loss is the…

Q: Sanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000…

A: ($130,000 / 20,000 units) - ($60,000 / 20,000 units) = $6.5 - $3 = $3.50

Q: BR Company has a contribution margin of 15%. Sales are $633,000, net operating income is $94,950,…

A: ROI = Net operating income / Average operating assets

Q: Pharoah Corp. has annual sales totaling $1218000 and an average gross profit of 20% of cost. What is…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: If a company, sold 37,000 units, total sales were $148,000, total variable expenses were $105,080,…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income statement is one of the important Cost…

Q: Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense…

A: 1. UNIT SALES TO TARGET PROFIT : = (FIXED COST + TARGET PROFIT) / (SALES - VARIABLE EXPENSE)  2…

Q: Last month when Holiday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total…

A: Contribution margin is the difference between the sales and the variable cost. The contribution…

Q: Jaffre Enterprises distributes a single product whose selling price is $16 and whose variable…

A: Break even is the point of no profit and no loss. In this, revenue is equal to expense.

Q: Northenscold Company sells several products. Information of average revenue and costs are as…

A: Number units to be sold to attain a certain profit =  Fixed cost+Desired profitContribution per unit…

Q: Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $…

A: The objective of this question is to rearrange the traditional income statement into a contribution…

Q: The Rachel Company has sales of $450,000, and the break-even point in sales dollars is $292,500.…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total…

A: Step 1: Step 2: Step 3: Step 4:

Q: Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total…

A: The contribution margin ratio is calculated as the difference between the sales and variable costs.…

Q: Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total…

A: Contribution margin ratio is ascertained by dividing contribution margin by total sales of company.…