Presidio, Inc., produces one model of mountain bike. Partial information for the company follows:Required:1. Complete Presidio's cost data table.2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data tableassuming the company sells each bike for $640.3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.)Bikes Produced and Sold730 Units790 Units1,944 UnitsTotal costsVariable costs$189,800Fixed costs per yearTotal costsCost per unitVariable cost per unitFixed cost per unitTotal cost per unit$549.00Required 1Required 2Required 3Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost datatable assuming the company sells each bike for $640. (Round your Contribution Margin Ratio percentage answers to 2 decimalplaces (i.e. .1234 should be entered as 12.34%.))730 Units790 Units1,944 UnitsTotal Contribution MarginContribution Margin Ratio%%%Required 1Required 2Required 3Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640. (Round your answers to thenearest whole dollar amount.)730 Units790 Units1,944 UnitsNet Operating Income

Contribution margin or gross profit refers to the profit earns by the company for selling goods and…

Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.

Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.

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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Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $630 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $630 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete Presidio's cost data table. Note: Round your Cost per Unit answers to 2 decimal places.) Bikes Produced and Sold 740 Units 8.30 Units 1,938 Units Total costs Variable costs $ 185.000 Fixed costs per year Total costs $ 185,000 $ $ 0 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 000 $ 544.00 $ 0.00 Required Required 2>
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs 460 750 910 Variable costs $110,860 $ ? Fixed costs per year Total costs ? ? Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? $ 522.75 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $690. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced and sold 460 Units 750 Units 910 Units Total costs Variable costs $ 110,860 Fixed costs per year Total costs $ 110,860 $ O $ Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $…
The company has a desired net income of $53,991 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places eg. 0.25 and round final answers to O decimal places, eg. 2,510.) Sales Dollars Needed Per Service Outlet Oil changes Brake repair $
3) Prepare CVP income statements. Olsen Company has the following information available for September 2019. Unit selling price of video game consoles $ 400 Unit variable costs 2$ 275 Total fixed costs $52,000 Units sold 600 Instructions (a) Compute the contribution margin per unit. (b) Prepare a CVP income statement that shows both total and per unit amounts.
Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $630. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $630. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete Presidio's cost data table. Note: Round your Cost per Unit' answers to 2 decimal places. Bikes Produced and Sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 720 Units 890 Units 1,902 Units $ 187,200 187,200 $ 0 $ 0 $ 0.00 Required 1 543.00 $ 0.00 Required 2 >
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Manji
Lucido products markets two computer games: claimjumper and makeover. A contribution format income statement for a recent month for the two games appears in top of picture. prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
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Best Windows is a small company that installs windows. Its cost structure is as follows: Selling price from each window installation Variable cost of each window installation Annual fixed costs $ $ $ 160,000 Use (a) the equation method and (b) the contribution method to calculate operating income if Best installs 4,000 windows. Use (a) the Equation method to calculate operating income if Best installs 4,000 windows. Begin by determining the formula to calculate the operating income using the equation method. Then, calculate the operating income. (Abbreviation used: FC = Fixed costs, SP = Selling price, VCU = Variable cost per unit, Q = Quantity of units sold.) X X )-( )-( X X 700 600 X = Operating income = Next, use (b) the contribution method to calculate operating income if Best installs 4,000 windows. Begin by determining the formula to calculate the operating income using the contribution method. Then, calculate the operating income. = Operating income
Required information [The following information applies to the questions displayed below] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): $ 10,000 5,500 4,500 2,250 Sales Variable expenses Contribution margin Fixed expenses Net operating income 2,250 2. What is the contribution margin ratio? Contribution margin ratio