Last month fixed costs and contribution were $50,000 and $75,000 respectively. What is the profit this month if both increase by 10%?
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- During March, a firm expects its total sales to be $162,000, its total variable costs to be $95,200, and its total fixed costs to be $25,200. What would the contribution margin for March be?Iverson, Inc. has $1,292,000 of sales revenue, $693,000 of variable costs, and $673,000 of fixed costs in 2023. Assuming the contribution margin percentage stays the same in 2024, what will the break even point (in sales dollars) be?If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000
- A company requires $1400000 is sales to meet its net income target. Its contribution margin is 50% and fixed costs are $300000. What is the company's target net income?A company requires $1305600 in sales to meet its operating income target. Its contribution margin is 30%, and fixed costs are $230400. What is the target operating income?I Need Answer
- A product sells for $30 per unit and has a contribution margin ratio of 45%. Fixed expenses total $130,000 annually. How many units must be sold to yield a profit of $40,000?Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 40%. If fixed expenses increase by $10,000 next year, what amount of sales will be necessary in order for the company to earn a profit of $80,000?Need help with this question
- Variable cost is 5 per unit and Fixed cost is 10,000 per month. In Calendar Year 2023, the company produced 3,000 units. Compute the total cost.Miller Company’s contribution format income statement for the most recent month is shown below: Required:(Consider each case independently):1. What is the revised net operating income if unit sales increase by 15%?2. 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 25%?3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $20,000, 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 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%?The contribution margin ratio is 25% and contribution margin at break even point is $200,000. What is total sales revenue at a target net operating income of $60,000?
