What is the contribution margin of this financial accounting question? Polka Electronics, a merchandising company, reported the following results forNovember:.Sales: $600,000Cost of Goods Sold (all variable): $210,000Total Variable Selling Expense: $30,000••Total Fixed Selling Expense: $25,000•Total Variable Administrative Expense: $18,000⚫ Total Fixed Administrative Expense: $40,000What is Polka Electronics' contribution margin for November?

Step 1: Definition of Contribution MarginThe contribution margin (CM) is the amount remaining from…

Answered: Polka Electronics, a merchandising…

Principles of Accounting Volume 2

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ISBN:9781947172609

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Chapter3: Cost-volume-profit Analysis

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Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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Bolka Corporation, a merchandising company, reported the following results for October: Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense The contribution margin for October is: $ 411,000 $ 174,300 $ 26,200 $ 23,800 $ 15,700 $ 38,700
Anu’s Amusement Center has collected the following data for operations for the year. Total revenues $ 2,016,000 Total fixed costs $ 694,400 Total variable costs $ 1,134,000 Total tickets sold 63,000 Required: a. What is the average selling price for a ticket? b. What is the average variable cost per ticket? c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) d. What is the break-even point? (Do not round intermediate calculations.) e. Anu has decided that unless the operation can earn at least $222,600 in operating profits, she will close it down. What number of tickets must be sold for Anu’s Amusements to make a $222,600 operating profit for the year on ticket sales? (Do not round intermediate calculations.)
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses. Contribution margin Fixed expenses Net operating income Total $ 624,000 436,800 187,200 146,400 $ 40,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Req 1 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $61,200? Req 2 Per Unit 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $64,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? $ 40 28 $ 12 Complete this…
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The following monthly data are available for Sunland Company. which produces only one product: Selling price per unit, $49; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 5000 units. How much is the margin of safety for the company for June? A. $84000 B. $1200 C. $186200 D. $42000
Compute the contribution margin.
Geneva Company reports the following information for July: Sales Variable cost of goods sold Fixed cost of goods sold Calculate the contribution margin for July. $ 795,000 240,000 115,000 Multiple Choice O $440,000 $680,000 О $795,000 О $555,000
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