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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- The following is last month's contribution format income statement: Sales (12 000 units) ................ R1 200 000 Less variable expenses .............. 700 000 Contribution margin ................. 500 000 Less fixed expenses ................. 300 000 Net income .......................... R 200 000 What is the company's margin of safety percentage to the nearest whole percent? A. 42% B. 17% C. 20% D. 40%Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Fairchild Co. for March:Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $80,000Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,000Gross profi t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $38,000Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,000Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000Based 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. Calculate…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…
- The following is last month's contribution format income statement: Sales (8 000 units) ................ R800 000 Less variable expenses ............. 500 000 Contribution margin ................. 300 000 Less fixed expenses ................. 200 000 Net income .......................... R100 000 What is the company's degree of operating leverage? A. 0.125 B. 8.0 C. 3.0 D. 0.333The following is Arkadia Corporation's contribution format income statement for last month:Sales.............................................. P1,200,000Variable expenses......................... 800,000Contribution margin ....................... 400,000Fixed expenses ............................. 300,000Net operating income .................... P 100,000The company has no beginning or ending inventories and produced and sold 20,000 units during the month.Required:a. What is the company's contribution margin ratio?b. What is the company's break-even in units?c. If sales increase by 100 units, by how much should net operating income increase?d. How many units would the company have to sell to attain target profits of P125,000?e. What is the company's margin of safety in pesos?f. What is the company's degree of operating leverage?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…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 15,000 units:Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $105,000Cost of goods sold ($8,000 1 $3.60/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62,000Gross profi t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 43,000Operating expenses:Selling ($1,500 1 $0.80/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,500Administration ($4,000 1 $0.50/unit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,500Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18,000Required:a. Prepare an income statement in the contribution margin format.b. Calculate the…Slowhand Corporation has provided its contribution format income statement for April. Sales…………………………………………….. $280,000 Variable Expenses……………………….. $105,000 Contribution Margin……………………. $ 175,000 Fixed Expenses……………………………. $ 125,000 Net Operating Income………………… $ 50,000 Required: Compute the degree of operating leverage to two decimal place. Using the degree of operating leverage, estimate the percentage change to two decimal places in net operating income that should result from a 9% increase in sales.
- 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…Based on the following information, complete the problems listed below on the Osprey Helicopters Company. Baseline Financial Results [In $ Dollars 000] Sales…………………..…………………………….$75,000 Basic Manufacturing Costs……………………$30,000 General & Administrative Expense………..$12,000 # Units shipped…………………………………...15 Your task is to create a set of pro-forma forecasts based on the following baseline assumptions on key business drivers and specific assumptions for each of the two scenarios. For the Baseline results shown above, the assumptions are (1) Basic Mfr. Costs and General & Administrative Expenses arising from the summary financial data above are treated as Fixed Costs, and (2) Contribution Margin Percentage is 60%. Helpful hint when doing scenario analysis: start by calculating the operating profit [and its underlying cost structure] arising from the information provided above. After doing this, then solve Scenarios 1 and 2. Scenario 1: Assume Osprey ships 20 helicopters…
