Morse Company reports a total contribution margin of $48,000 and pretax net income of $12,000 for the current month. The degree of operating leverage is: a) 4.0 b) 0.25 c) 1.25 d) 2.5 e) 250%
Q: What is the average cost per unit
A: Explanation of Average Cost per Unit:The average cost per unit is the total production cost divided…
Q: help me to solve this questions
A: To calculate the predetermined overhead rate, you need to divide the total estimated indirect…
Q: general accounting
A: Step 1: Definition of Contribution Margin Analysis:The contribution margin analysis for a firm…
Q: Tutor please provide answer
A: Explanation of Profit Margin Ratio:The profit margin ratio is a financial metric that measures the…
Q: Accounting
A: Step 1: Define Variable CostThe total cost consists of the variable cost and the fixed cost where…
Q: correct answer please
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: What is Narus opereting leverage? General accounting
A: Degree of operating leverage = Contribution margin / Operating incomeDegree of operating leverage =…
Q: Chapter 15 Homework i 10 0.83 points Saved Help Save & Exit Submit Check my work QS 15-8 (Algo)…
A: The predetermined overhead rate is a rate used to apply manufacturing overhead to jobs that are in…
Q: What is the equity at the end of the year? General accounting
A: The accounting equation states that:Assets = Liabilities + Equity Hence,Equity = Assets -…
Q: abc general accounting
A: To determine the standard overhead rate, we use the preset formula, which is based on estimated…
Q: can you please solve this
A: We have given, ROA = 6.6% =0.066Profit margin = 11.55% = 0.1155Sales =$20 millions Calculate Net…
Q: Provide correct solution and accounting question
A: Step 1: Define Projected net IncomeProjected net income is the estimated profit a company will be…
Q: ans
A: The margin is calculated by dividing net operating income by sales.Margin = Net Operating Income /…
Q: ! Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time [LO6-8,…
A: YearRevenue RecognizedGross Profit (Loss)2024$2,800,000$784,0002025$2,998,000($892,000)…
Q: correct answer is financial accounting
A: Step 1: Recall the general format of an income statement.Utilizing the given accounts in the…
Q: Financial Accounting
A: Step 1: Define Equivalent Whole UnitsEquivalent whole units represent the number of fully completed…
Q: Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required…
A: First, we need to calculate the overhead costs for each job. The overhead is applied based on a…
Q: General accounting question
A: The capital gains yield (CGY) is calculated as:CGY=Selling Price−Purchase Price/Purchase…
Q: none managerial accounting
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis helps…
Q: Please provide problem with correct answer accounting
A: Step 1: Define Operating Cash FlowOperating cash flow is generated as a result of the business…
Q: Equipment was acquired at the beginning of the year at a cost of $957,500. The equipment was…
A: Concept of Cost of EquipmentThe Cost of Equipment refers to the total amount paid to acquire an…
Q: Ajani Company has variable costs equal to 35% of sales. The company is considering a proposal that…
A: Step 1: Definition of Net Income IncreaseNet income is the company's profit after deducting variable…
Q: Answer this Accounting problem
A: Concept of Variable CostingVariable costing is a cost accounting method that includes only variable…
Q: Abc
A: Step 1: Define Accounting EquationIn every business, the accounting equation is always applicable to…
Q: General accounting
A: Step 1: Define Capital GainWhen a capital asset is sold by its owner at its market value that is…
Q: General accounting
A: To calculate the total amount of overhead applied to the plantwide overhead account for the year, we…
Q: Gordon Company was recently formed with a $7,000 investment in the company by shareholders. The…
A: Concept of Total AssetsThe total assets of a company represent everything it owns or controls that…
Q: What is the net income for the year?
A: Explanation of Net Income:Net income is the total earnings of a business after deducting all…
Q: What is the effective annual rate on this loan for this financial accounting question?
A: To calculate the effective annual rate (EAR) for Horizon Technologies' loan, let's go step by…
Q: What is the beginning inventory?
A: Explanation of Beginning Inventory: Beginning inventory represents the value of merchandise…
Q: Need help
A: 1. Understanding the Regression FormulaThe relationship between total overhead costs and direct…
Q: provide general accounting
A: Step 1: Definition of Gross Profit Margin RatioThe Gross Profit Margin Ratio measures how…
Q: What amount should it be reported on the consolidated statement ?
A: Explanation of Patent: A patent is an intangible asset that represents the exclusive right granted…
Q: variable costing ans
A: Step 1: Definition of Variable CostingVariable costing is a costing method where only variable…
Q: ACP Manufacturing has budgeted a total overhead cost of $850,000 and budgeted machine hours of…
A: Explanation of Budgeted Overhead: Budgeted overhead represents the total estimated manufacturing…
Q: What was their parent return for the past year ? General Accounting question
A: The investor initially purchased Pacific Energy shares at $80 per share one year ago. Over the year,…
Q: General Accounting Question please answer
A: Maximum Sales= Current Sales / Current Fixed Asset UtilizationGiven:Current Sales =…
Q: General Accounting
A: Step 1: Define Full Capacity Sales CalculationFull capacity sales refer to the maximum potential…
Q: General accounting
A: Step 1: Define Return on AssetReturn on asset (ROA) is a company profitability ratio which measures…
Q: Bartlett's Pears has a profit margin of 8.20 percent on sales of $24,300,000. If the firm has a debt…
A: To determine the Return on Assets (ROA) for Bartlett's Pears, we use the following formula:ROA=…
Q: Hello, please find the correct answer this general accounting question
A: Step 1: Define Flexible Budget and Spending VarianceA flexible budget adjusts for actual output…
Q: expert of general account answer
A: Step 1: Definition of Residual IncomeResidual income (RI) is the amount of net income earned by a…
Q: On the factory overhead budget for the month
A: Mosco Industries follows a Just-In-Time (JIT) inventory policy, meaning the ending inventory of each…
Q: General Accounting
A: Step 1: Define Taxable Income for CorporationsTaxable Income is the amount of income subject to tax…
Q: Answer please
A: The gross margin ratio measures a company's profitability by showing the percentage of revenue that…
Q: discus extensivery source of bussines finances requaments not less than 4 pages font size 12…
A: Business finance refers to the money and credit employed in a business. It involves the procurement…
Q: General accounting
A: Step 1: Definition of the High-Low MethodThe High-Low Method is a cost estimation technique that…
Q: given correct solution General accounting
A: Step 1: DefinitionInterest income refers to the earnings a company receives from lending money,…
Q: Financial accounting question
A: Step 1: Define Operating CycleThe Operating Cycle measures the time a company takes to convert…
Q: Provide answer
A: High-Low Method Explanation with Solution The high-low method is used to estimate fixed and variable…
Help me this question solution
Step by step
Solved in 2 steps
- Jellico Inc.’s projected operating income (based on sales of 450,000 units) for the coming year isas follows:TotalSales $11,700,000Total variable cost 8,190,000Contribution margin $ 3,510,000Total fixed cost 2,254,200Operating income $ 1,255,800Required:1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c) contribution margin ratio, (d) break-even point in units, and (e) break-even point in sales dollars.2. How many units must be sold to earn operating income of $296,400?3. Compute the additional operating income that Jellico would earn if sales were $50,000 morethan expected.4. For the projected level of sales, compute the margin of safety in units, and then in salesdollars.5. Compute the degree of operating leverage. (Note: Round answer to two decimal places.)6. Compute the new operating income if sales are 10% higher than expected.Operating leverage Haywood Co. reports the following data: Line Item Description Amount Sales $6,160,000 Variable costs (4,620,000) Contribution margin $1,540,000 Fixed costs (440,000) Operating income $1,100,000 Determine Haywood Co.’s operating leverage. Round your answer to one decimal place.If the contribution margin ratio for France Company is 32%, sales are $488,000, and fixed costs are $110,000, the operating income is Oa. S110,000 Ob. $46,160 Oc. $36,928 Od. S156,160 Previous Submit Te Reflector-3.2.1.dmg
- The February contribution format income statement of Mcabier Corporation appears below: Sales $ 211,200 Variable expenses 96,000 Contribution margin 115,200 Fixed expenses 84,100 Net operating income $ 31,100 The degree of operating leverage is closest to: a/ 0.27 b/ 6.79 c/ 3.70 d/ 0.15Opereting leverage?Operating Leverage Haywood Co. reports the following data: Sales $6,160,000 Variable costs (4,620,000) Contribution margin $1,540,000 Fixed costs (440,000) Operating income $1,100,000 Determine Haywood Co.’s operating leverage. Round your answer to one decimal place.