please answer all with all work Menlo Company distributes a single product. The company's sales and expenses for last month follow:Total$477,000190,800Per Unit$ 3012286,200$18228,960$ 57,240SalesVariable expensesContribution marginFixed expensesOperating incomeRequired:1. What is the monthly break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.)Break-even point in unit salesBreak-even point in sales dollarsunits2. Without resorting to computations, what is the total contribution margin at the break-even point?Total contribution margin3-a. How many units would have to be sold each month to earn a target profit of $95,400? Use the formula method.Units soldunits3-b. Verify your answer by preparing a contribution format income statement at the target sales level.Menlo CompanyContribution Income StatementTotalPer unit

Break Even Point :— It is the point of production where total cost is equal to total revenue. At…

Answered: Menlo Company distributes a single…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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Frisch Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 170.00 $ 83.30 $138,720 Required: Show all calculations and formulas and present your work in good accounting form as illustrated in the lectures. a) Determine the monthly b) Determine the monthly break-even in units? break-even in dollars?
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses. Contribution margin Fixed expenses Net operating income Total $ 624,000 436,800 187,200 146,400 $ 40,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Req 1 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $61,200? Req 2 Per Unit 3-b. 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 the company can sell more units thereby increasing sales by $64,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? $ 40 28 $ 12 Complete this…
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Determine the monthly break-even in total dollar sales.
Zanetti Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit$ 110.00 Variable expense per unit$ 34.10 Fixed expense per month$ 132, 066 The break - even in monthly unit sales is closest to: (Round your intermediate calculations to 2 decimal places.)
The following information pertain to questions 10 through 13. Hoopie Company sells a single product. The company’s sales and expenses for the recent month follow:Total Per unitSales P600,000 P40Less: Variable expenses 420,000_ 28_Contribution margin 180,000 P12Less: Fixed expenses 150,00__Net operating income P30,00010. What is the monthly break-even point in units sold?a. 12, 000 units b. 12,500 units c. 15,200 units d. 11,000 units
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?
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Break-even point in unit sales: Percentage sex 25% 25% 100% Break-even point in sales dollars: Total Fixed expenses. Weighted-average CM per unit Sinks 48% Product Mirrors 20% $264,000 100.00% $110,000 100.00% $176,000 100.00% $550,000 100.00% 80,000 30.30% 72,000 65.45% 82,000 46.59% 219,300 39.87% 53.41% 60.13% $184,000 $ 94,000 330,700 69.70% 38,000 34.55% S 76.00 $ 184.00 $ 188.00 Fixed expenses Overall CM ratio $293,300 $158.00 Vanities 32% $293,300 0.60 1,856.33 units Total 100% 293,300 $ 37,400 = $487,798.61 *($184.00 0.50) + ($76.00 x…
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
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit $486,000 194,400 $ 30 12 Sales Variable expenses $ 18 Contribution margin Fixed expenses 291,600 233,280 Operating income $ 58,320 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? (Do not round intermediate cal Break-even point in unit sales Break-even point in sales dollars units
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