Last year, Jasper Company earned an operating income of $22,300 with with a contribution margin ratio of 0.25. Actual revenue was $223,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.
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- Last year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio of 0.30. Actual revenue was $250,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.Accurate answerUltrasonic Company manufactures ultrasound equipment. Based on past experience, Ultrasonic has found that total annual repair and maintenance cost can be represented by the following formula: Total annual repair and maintenance cost = $205,000 + $7.50x, where x = machine hours. Last year, Ultrasonic incurred 145,000 machine hours. A. What was the total repair and maintenance cost incurred by Ultrasonic last year?fill in the blank 1 of 6$ B. What was the total fixed repair and maintenance cost incurred by Ultrasonic last year?fill in the blank 2 of 6$ C. What was the total variable repair and maintenance cost incurred by Ultrasonic last year?fill in the blank 3 of 6$ D. What was the total repair and maintenance cost per machine hour last year? (Round answer to two decimal places.)fill in the blank 4 of 6$ E. What was the fixed repair and maintenance cost per machine hour last year? (Round answer to two decimal places.)fill in the blank 5 of 6$ F. What was the variable repair…
- Calculate the total fixed cost?Hello tutor please provide correct answer general AccountingThe cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express the companys maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs. Predict the maintenance costs i190,000 gallons of paint are produced. Predict the maintenance costs if 81,000 gallons of paint are produced. Using Excel, create a scatter graph of the cost data and explain the relationship between gallons of paint produced and equipment maintenance expenses.
- Using the information in the previous exercises about Marleys Manufacturing, determine the operating income for department B, assuming department A sold department B 1,000 units during the month and department A reduces the selling price to the market price.Consider the following Information for the business Harry's Vintage Records. Actuals from the year ended 31st December 2021; Total Sales Revenue Total Fixed Costs $380,000 $90,000 0.20 Contribution Margin Ratio Calculate Harry's profit or loss in 2021 Select one: O a. (13,000) O b. 11,000 c. 12,000 d. (14,000)Rongon Company manufactures twotypes of product. Selected information is given below:FantasyJoySelling price per unit$25$150Variable expenses per unit$15$35Number of units sold annually20,0005,000Fixed expenses total $480,800 per year. Required: i.Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. b. Compute the break-even point in dollars for the company as awhole and the margin of safety in both dollars and percent.ii.The company has developed a new product to be called Delight. Assume that the company could sell 10,000 units at $65each. The variable expenses would be $58each. The company’s fixed expenses would not change. a. Prepare another contribution format income statement, including sales of the Samoan Delight (sales of the other two products would not change). b. Compute the company’s new break-even point in dollars and the new margin…
- a) Compute the selling price per unit in 2019, using the equation method. b) Given the sales of 3,000 units and the selling price calculated in (a), prepare a contribution marginincome statement for the year ended December 31, 2019, detailing the components of total fixed costsand clearly showing contribution and net income. c) Calculate Benoit’s break-even point in units and in sales dollars.Sheridan Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 80% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 20% of its sales and provides a 40% contribution margin ratio. The company's fixed costs are $15,580,800 (that is, $77,904 per service outlet). Sales mix is determined based upon total sales dollars.None
