Maple Manufacturing has provided its contribution format income statement for March: Sales (8,000 units)..............$240,000 Variable expenses................$144,000 Contribution margin..............$96,000 Fixed expenses...................$72,000 Net operating income...........$24,000 If the company sells 8,500 units, what is the total contribution margin?
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- Menlo Company distributes a single product. The company’s sales and expenses for last month follow: Total Per UnitSales. . . . . . . . . . . . . . . . . . . . . . . . $450,000 $30Variable expenses . . . . . . . . . . . . . 180,000 12Contribution margin . . . . . . . . . . . . 270,000 $18Fixed expenses. . . . . . . . . . . . . . . . 216,000Net operating income . . . . . . . . . . . $ 54,000 Required: 1. What is the monthly break-even point in units sold and in sales dollars? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3. How many units would have to be sold each month to earn a target profi t of $90,000? Use the formula method. Verify your answer by preparing a contribution format income statement at the target sales level.4. Refer to the original data. Compute the company’s margin of safety in both dollar and percentage terms. 5. What is the company’s CM ratio? If sales increase by $50,000 per month and there is no change in fi…Menlo Company distributes a single product. The company’s sales and expenses for last month follow:Total Per UnitSales .................................................... $450,000 $30Variable expenses ............................... 180,000 12Contribution margin ............................. 270,000 $18Fixed expenses ................................... 216,000Net operating income .......................... $ 54,000Required:1. What is the monthly break-even point in units sold and in sales dollars?2. Without resorting to computations, what is the total contribution margin at the break-even point?3. How many units would have to be sold each month to earn a target profit of $90,000? Use the formulamethod. Verify your answer by preparing a contribution format income statement at the target saleslevel.4. Refer to the original data. Compute the company’s margin of safety in both dollar and percentageterms.5. What is the company’s CM ratio? If sales increase by $50,000 per month and there is…Sensabaugh inc, a company that produces and sells a single product, has provided its Contribution format income statement for january: sales (1,800 units).........$91,800 Variable expenses..........54,400 Contribution margin........ 32,400 27,000 Fixed expenses... Net operating income.….…........... 5,400 If the company sells 1,600 units, its total contribution margin should be closest to: 22,200 28,800 4,800 32,400
- Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Big Surf, Inc., for the monthof May:Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 65,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,500Gross profi t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,500Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000Operating loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (2,500)Based on an analysis of cost behavior patterns, it has been determined that the company’s contribution margin ratio is 30%.Required:a. Rearrange the preceding income statement to the contribution margin format.b. If…Oslo Company prepared the following contribution format income statement based on a sales volume of 4,000 units (the relevant range of production is 1,000 units to 5,000 units):Sales....................................................................................$40,000Variable expenses...............................................................28,000Contribution margin..........................................................12,000Fixed expenses......................................................................8,000 Net operating income.........................................................$4,000 Required : (Answer each question independently and always refer to the original data unless instructed otherwise .) 1. What is the contribution margin per unit? 2.What is the contribution margin ratio? 3. What is the variable expense ratio? 4.If sales increase to 1,001 units , what would be the increase in net operating income ? 5. If sales decline to 900 units , what would be…Below is a contribution format income statement for last month when Hill Corp. made and sold 10,000 units. Sales (10,000 units) $1,000,000 Variable Expense.... ....600,000 Contribution Margin............... ..400,000 ..250,000 ...150,000 Fixed Expense...... Net operating income..…...... If sales increase by 100 units, net operating income should increase by: Numeric Response
- Cleary Company manufactures and sells a single product. The company's sales and expenses for last year follow: Total Per Unit % Sales. . . . . . . . . . . . . . . . . . . $100,000 $20 ? Variable expenses. . . . . . . ? ? ? Contribution margin. . . . . . ? ? ? Fixed expenses. . . . . . . . . . 12,000 Operating income. . . . . . . . $28,000 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? b. What is the total variable expense? c. How many units were sold? d. What is the per-unit variable expense? e. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? b. What is the breakeven point in sales dollars? 3. Answer the following questions about target profit analysis and…Prepare a contribution margin format income statement; answer what-ifquestions Shown here is an income statement in the traditional format for a firm with a sales volume of 20,000 units. Cost formulas also are shown:Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $200,000Cost of goods sold ($36,000 1 $5.20/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,000Gross profi t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 60,000Operating expenses:Selling ($9,200 1 $0.30/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,200Administration ($18,800 1 $0.50/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,800Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,000Required:a. Prepare an income statement in the…Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format incomestatement for a recent month for the two games appears below:Claimjumper Makeover TotalSales ............................................ $30,000 $70,000 $100,000Variable expenses ...................... 20,000 50,000 70,000Contribution margin ..................... $10,000 $20,000 30,000Fixed expenses .......................... 24,000Net operating income .................. $ 6,000Required:1. Compute the overall contribution margin (CM) ratio for the company.2. Compute the overall break-even point for the company in sales dollars.3. Verify the overall break-even point for the company by constructing a contribution format incomestatement showing the appropriate levels of sales for the two products.
- Cornet Products, Inc., summarizes the following data for the first year of operations Sales (# of units sold: 100,000 units) ........................................ $7,000,000 Production costs (# of units produced: 102,250 units): Direct materials............................................................................. 1,100,000 Direct labor .................................................................................... 707,500 Manufacturing overhead: Variable............................................................................................. 1,260,000 Fixed.................................................................................................. 1,022,500 Operating expenses: Variable.............................................................................................. 560,000 Fixed................................................................................................... 640,000 Under variable costing, what is Cost…Marissa Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit……………….. $125.00 Variable expense per unit………… $72.50 Fixed expense per month………… $272,448 Required: Assume the company's monthly target profit is $200,000. Determine the units that must be sold to attain that target profit.Mills, Inc. manufactures a cycling bikes. There most recent data for the year are as follows: Sales………………………………....…..….…...$ 20,000 Fixed costs of goods sold………………....2,000 Fixed selling expenses ……………………...2,500 Fixed administrative expenses………..…1,500 Variable cost of goods sold ………...….....1,000 Variable selling expense…………..…....…..1,520 Variable administrative expense………....3,000 Instructions: Prepare a CVP income statement for the quarter ending June 2017. You must show your work.
