onLast year, Terrific Copying had total revenue of $475 000, whileoperating at 60% of capacity. The total of its variable cost is $150000. Fixed costs were $180 000. If the current selling price, variablecosts, and fixed costs are the same as last year, what net income canbe expected from revenue of $500 000 in the current yearSelect one:OA. $1 184 210OB. $346 260OC. $381 388O D. $394 737OE. $1 418 216

Income earned from the business or services after deducting the variable cost, fixed cost and…

Answered: Last year, Terrific Copying had total…

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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Last month when Holiday shane, Inc., sold 42,000 units, total sales were $400,000, total variable expenses were $244,000, and fixed expenses were $39,700. 20 questions left-Renews M Required: Enter question 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.)
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 272,000 152, 000 120, 000 54,700 $ 65,300 Required: (Consider each case independently): Per Unit $34.00 19.00 $15.00 1. What would be the revised net operating income per month if the sales volume increases by 70 units? 2. What would be the revised net operating income per montii if the sales volume decreases by 70 units? 3. What would be the revised net operating income per month if the sales volume is 7.000 units?
Whirly Corporation's contribution format income statement for the most recent month is shown below: Total $ 308,000 Per Unit $ 35.00 176,000 20.00 $15.00 Sales (8,800 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): 132,000 54,400 $ 77,600 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 7,800 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income
Last month when Holiday Creations, Incorporated, sold 36,000 units, total sales were $144,000, totai variable expenses were $109,440, and fixed expenses were $38,500. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 450 units and total sales by $1,800? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income
Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723
Dejounte Corp had a margin of safety of $136950 last month, with sales revenue of $801211 and fixed costs of $228644. What is the contribution margin ratio? Percentage Round your answer 2 decimals. For example, if your answer is .1012, answer 10.12
S=1
A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?
Following is the last year data of X company: Selling price Variable expenses per unit $40 unit $80 per Fixed expenses for the year $180,000 The company sold 45,000-unit last year. Managers of X company believes that the sales can be doubled when expenditure on advertising is increased by $1.50 per unit, keeping the selling price same as last year. Determine the amount by which advertising can be increased with profits remaining unchanged? a. $1,665,000 b. $1,800,000 c. $1,500,000 d. $1,660,000
Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total variable expenses were $147,840, and fixed expenses were $39,300. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase sales volume by 375 units and total sales by $1,500? (Do not round intermediate calculations.)
Calculate amount of sales when variable costs are equal to 2/5th of sales and fixed costs are equal to 150,000. Ans: 250000. ABC Enterprises Corporation's single product appear below: Selling Price Per Unit Rs. 150 Variable Expense Per Unit 90 Fixed Expenses for the month 424,840 The unit sales to attain the company's monthly target profit of Rs. 50,000 is closest to

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