Whirly Corporation's contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,700 units) $ 246, 400 $ 32.00Variable expenses 138, 600 18.00 Contribution margin 107,800 $ 14.00 Fixed expenses 54, 500 Net operating income $ 53,300 Required: (Consider each caseindependently): What would be the revised net operating income per month if the sales volume increases by 60 units? What would be the revised net operatingincome per month if the sales volume decreases by 60 units? What would be the revised net operating income per month if the sales volume is 6, 700 units?

1.Income statement - 60 units increases:ParticularsAmount ($)Sales ((7,700 + 60) * $32)$248,320Less:…

Answered: ndependently): What would be the…

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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Revenue (£k) 200 175 150 125 100 75 50 25 0 73 96 130 149 Jan Feb 152 Mar Apr May 133 Jun Jul 140 Aug 145 Sep Oct Nov 150 Dec 155 Your manager has provided you with the revenue figures for last year. He has informed you that the target is to increase amount of products you sold in January last year by 50%. Based on the data provided, what would be your estimated target figure for this January? 178 200
Which will create the most favorable effect in gross profit? A. 10% increase in selling price B. 10% decrease in cost price C. 10% increase in both selling price and cost price D. 20% decrease in selling and administrative expenses
Data for XYZ Co.• Expected sales volume: 2,250 units in the first quarter,with 250-unit increases in each succeeding quarter.• Sales price: $50 per unit. What was the total sales for each quarter?
Determine the percentage increase in annual operating income if Pharoah Corporation increases its selling price by 20% and all other factors (including demand) remain constant. ( Round answer to 2 decimal places, e.g. 15.25% .) Percent increase in profit %
using the projected monthly income figure calculated above, how many unitswould the company need to sell to meet the initial monthly income figure?
1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,100 and monthly sales increase by $14,400?
Assume the average vehicle selling price in the United States last year was $36,420. The average price ten years earlier was $27.208. What was the annual increase in the selling price over this time period? Multiple Choice 2.96% 3.22% 2.45% 3.71%
Question 5 ) Answer with Formulas
= $ 15, Assume that D = 5,000, k = $ 186, c = and five setups (orders) are required per year. What is the percentage per unit per year of the implicit cost of holding inventory? (result in percentage)
9. An entity's accounting year ends on December 31, and it is currently preparing interim financial statements for the half year to June 30, 2010. The price of its product tends to vary. At June 30, 2010, it has inventories of 100,000 units, at a cost per unit of PI4. The net realizable at June 30, 2010 is P12 per unit. The expected net realizable value of these inventories at December 31, 2010 is P15.50 per unit. At what amount should these inventories be presented in the interim statement of financial position at June 30, 2010? a. P1,200,000 b. P1,375,000 c. P1,400,000 d. P1,550,000
Break-Even Units and Sales Revenue: Margin of Safety Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,890,000 pages at a price of $0.06 each in the coming year. Product costs include: Direct materials Direct labor Variable overhead Total fixed overhead $0.009 $0.003 $0.001 $84,320 There is no variable selling expense; fixed selling and administrative expenses total $36,000.
54) For the current year ending April 30, MJW Company expects fixed costs of $70,000, a unit variable cost of $60, and a unit selling price of $95. (a) Compute the anticipated break-even sales (units). (b) Compute the sales (units) required to realize an operating profit of $8,000. (a) (b)

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