Please answer the accounting question need experts answer only Rovinsky Corporation, a company that produces and sells a singleproduct, has provided its contribution format income statementfor November.Sales (7,800 units)$413,400Variable expenses257,400Contribution margin156,000Fixed expenses103,500Net operating income $52,500If the company sells 7,700 units, its net operating income shouldbe:A. $51,979B. $50,500C. $52,500D. $48,000

Step 1: Define Contribution Margin By measuring the contribution margin, we may determine how much a…

Answered: Rovinsky Corporation, a company that…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?
Zulfiqar Incorporation produces and sells a single product, has provided its contribution format income statement for April. Sales (1,500 units Rs. 1,500,0 Variable Expens 1,102,5 Contribution Marg 397,5 Fixed Co 272,9 Net Prof 124,5 Calculate the Break Even Sales in Rs. for Zulfiqar 50it50st00in00es00) a 50it50st00in00es00) I 50it50st00in00es00) n 50it50st00in00es00) c 50it50st00in00es00) o 50it50st00in00es00) r 50it50st00in00es00) p 50it50st00in00es00) o 50it50st00in00es00) r 50it50st00in00es00) a 50it50st00in00es00) t 50it50st00in00es00) i 50it50st00in00es00) o 50it50st00in00es00) n 50it50st00in00es00) or Zulfiqar Incorporation?
Rongon Company manufactures twotypes of product. Selected information is given below:FantasyJoySelling price per unit$25$150Variable expenses per unit$15$35Number of units sold annually20,0005,000Fixed expenses total $480,800 per year. Required: i.Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. b. Compute the break-even point in dollars for the company as awhole and the margin of safety in both dollars and percent.ii.The company has developed a new product to be called Delight. Assume that the company could sell 10,000 units at $65each. The variable expenses would be $58each. The company’s fixed expenses would not change. a. Prepare another contribution format income statement, including sales of the Samoan Delight (sales of the other two products would not change). b. Compute the company’s new break-even point in dollars and the new margin…
Rovinsky corporation, a company...Accounting question
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (8,200 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 8,100 units, its net operating income should be closes to: (Do not round intermediate calculations.) Multiple Choice $ 467,400 303,400 164,000. 103,500 $ 60,500 $59.979
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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,800 units) Variable expenses $ 413,400 257,400 156,000 103,500 Contribution margin $ 52,500 Fixed expenses Net operating income If the company sells 7,700 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $50,500 $48,000 O $51,979 $52,500
Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (6,700 units) $ 368,500 Variable expenses 268,000 Contribution margin 100,500 Fixed expenses 88,000 Net operating income $ 12,500 If the company sells 6,900 units, its net operating income should be closest to: (Do not round intermediate calculations.) Garrison 16e Rechecks 2018-06-19 Multiple Choice $15,500 $23,500 $12,500 $12,873
14. Micky2, Inc. sells two products X and Y. Data concerning the company for July follow: Product X: sales - P200,000; variable expense - P50,000; and traceable fixed expenses - P80,000. For Product Y: sales - P300,000, variable expenses - P100,000 and traceable fixed expenses - P150,000. In addition there were common fixed expenses of P70,000 in July. What was the entire company's net income ? P50,000 P70,000 P150,000 P120,000
Subject - account Please help me. Thankyou.
1. Pantok Manufacturing, most recent income statement follows: Total P208,000 144,000 Sales (8,000 units) Variable expenses.... Contribution margin.. Fixed expenses....... Net operating Income..... Per unit P 26.00 18.00 64,000 P 8.00 .56,000 ..P 8,000 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): a. The sales volume increases by 50 units. b. The sales volume declines by 50 units. c. The sales volume is 7,000 units.
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