Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below.Selling price per unitVariable expense per unitFixed expense per monthUnit sales per month$ 28$18$ 8,400990Required:1. What is the company's margin of safety? (Do not round intermediate calculations.)2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34).)

The break even sales are calculated as fixed costs divided by contribution Margin Ratio. The…

Answered: Molander Corporation is a distributor…

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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Carla Vista Company is considering two alternatives. Alternative A will have revenues of $148.000 and costs of $104,200. Alternative Bwill have revenues of $188.000 and costs of $123.800. Compare Alternative A to Alternative B showing incremental revenues. costs, and net income. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (45)) Alternative Alternative B Net Income Increase (Decrease) Revenues Costs Net Income is better than 5 S
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It is due today. Please help! Can you help me find/solve the following? 1. PRIME COST (F+B+LABOR) 2. TOTAL COSTS OF SALES 3. TOTAL GROSS PROFIT 4. TOTAL INCOME 5. TOTAL INCOME LESS CONTROLLABLE 6. TOTAL OCCUPANCY COSTS 7. INCOME BEFORE INT, DEPR & TAX 8. TOTAL INTEREST EXPENSES 9. TOTAL DEPRECIATION EXPENSES 10. NET PROFIT or (LOSS)
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Exercise 19-14 (Algo) Absorption costing and overproduction LO C1 Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. Sales price Direct materials Direct labor Variable overhead Fixed overhead 1. Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced and 76,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 36,000 more units than it sells? $ 57.60 per unit $10.60 per unit $ 8.10 per unit $ 12.60 per unit $ 1,276,800 per year Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced and 76,000 units are sold. Sales Cost of goods sold Gross profit 00 (a) 76,000 Units Produced and 76,000 Units Sold…
Oriole Company is considering two alternatives. Alternative A will have revenues of $147,400 and costs of $103,400. Alternative B will have revenues of $188,200 and costs of $121,600. Compare Alternative A to Alternative B showing incremental revenues, costs, and net income. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues $ Costs Alternative A Net Income $ ▾ is better than +A Alternative B Net Income Increase (Decrease) +A +A
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3. What was the contribution toward fixed expenses and profits for each snowboard sold during the quarter? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Contribution Answer is not complete. per snowboard 4. What would operating income be if only 3,400 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 3,400 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Operating income X Answer is not complete.
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Simple Accounting - CPV. The unit price for towel is $18.59 and the variable cost is $7.11. If the fixed cost for the retailer is $22,853.71 and the targeted operating income is $40,500.00, how many units should be sold (round to the nearest unit)? O a. 5,519 O b. 8,911 O c. 3,408 O d. 2,465
Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000. Determine the company’s margin of safety as a percent of current sales. Enter your answer as a whole number.fill in the blank 1 %

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