QUESTION 14 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96.000 64,000 30.000 $34.000 Determine the number of units Test Company must sell to earn operating income of $50,000. Note: Give your answer using commas. Do not include the word "units." Example: 12,345

QUESTION 14 THE FOLLOWING INFORMATION IS USED FOS QUESTIONS 13-19. Test Company reported the following income statement for the most recent period. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Operating income $160,000 96.000 64,000 30.000 $34.000 Determine the number of units Test Company must sell to earn operating income of $50,000. Note: Give your answer using commas. Do not include the word "units." Example: 12,345

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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Refer to the table below which information refers to Triple A Corp. who produced and sold 50,000 units during a recent accounting period: How much is the contribution margin per unit? Sales 850,000 Manufacturing costs Fixed 210,000 Variable 140,000 Selling and Administrative costs Fixed 300,000 Variable 45,000 income tax rate 40% 1. P 16.60 2. P 31.00 3. P 7.30 4. P 13.30 Group of answer choices 1 2 3 4
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74. Subject :- Accounting
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Required information A company sold a total of 1,000 units for total sales revenue of $70,000. The company incurred total variable expenses of $38,500 and total fixed expenses of $ 23,310. Based on this, the company reported a total contribution margin of $31,500 and net operating income of $ 8,190. Use this information to answer the following questions. Assume that all units are within the relevant range. Calculate the contribution margin ratio. Contribution margin ratio %
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Take a look at the following company information: Sales (000s) Direct Materials (000s) Direct Labour (000s) Gross Profit (000s) Selling and Admin Expense (000s) Net profit $ 1566 $554 $ 211 $801 Answer: $ 162.5 $ If we decrease the direct materials cost by 2%, what is the new Net Profit? Show your answer to 2 decimals and include the correct unit.
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Subject: acounting