Omni Co. Manufactures I Phones. The selling price per unit is $240, the variable cost ratio is 65% and fixed costs are $40,000. Omni is currently selling 600 units during the month of January Calculate operating income
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Omni Co. Manufactures I Phones. The selling price per unit is $240, the variable cost ratio is 65% and fixed costs are $40,000. Omni is currently selling 600 units during the month of January
Calculate operating income
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- Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry estimates the following costs for the next month: Cost Formula COGS $28/pair Sales Commission 4% of sales Employees' Salaries $87,000 per month Depreciation $300 per month Shipping $32,000 per month + $3/pair Presuming both use the same costing system, what is the difference between the net operating income calculated on traditional format income statement and that on a contribution format income statement for the next month (in dollars)?Gabriel Company sells a product for $90 per unit. Variable costs are $40 per unit and fixed costs are $630 per month. The company expects to sell 650 units in September. Calculate the contribution margin per unit, in total, and as a ratio.Bux Corporation produces and sells one product. In November it expects to sell 10,600 units of this product. The company's variable selling and administrative expense is $3.70 per unit sold and its fixed selling and administrative expense is $50,000 per month. The estimated selling and administrative expense for November is closest to: Multiple Choice О $39,220 $50,000 ○ $89.220 ○ $59,480
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