plus a small base salary.The following data pertains to Shop 48 and is typical of the company's many outlets:Selling priceVariable expenses:Invoice costSales commissionTotal variable expensesPer Pair ofShoes$ 40.00$ 15.005.00$ 20.00Fixed expenses:AdvertisingRentSalariesTotal fixed expensesAnnual$ 47,00038,000185,000$ 270,000Required:5. Refer to the original data. As an alternative to (4) above, the company is considering paying the Shop 48 store manager 55cents commission on each pair of shoes sold in excess of the break-even point. If this change is made, what will be Shop 48'snet operating income (loss) if 16,100 pairs of shoes are sold?Note: Do not round intermediate calculations.

Part 2: Explanation:Step 1: Calculate the break-even point in pairs of shoes.The break-even point is…

Answered: plus a small base salary. The following…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...

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Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) Less cost of goods sold ($56 per unit) Gross margin Less operating costs: Commissions expense $7 per unit) $ 6.090 Salaries expense Advertising expense Shipping expense ($2 per unit. Operating income 7.800 6.000 $ A S 87.000 48,720 AREN 38,280 21.630 16.650
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igmeniMalh.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Show Me How Print Item eBook Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). million b. What is McDonald's contribution margin ratio? Round to one decimal place. % c. How much would operating income increase if same-store sales increased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest…
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