Answered: ryce Co. sales are $895,000, variable…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Company XYZ made total contribution margin of $700,000 and a net income of $100,000. The company also made a total gross margin of $510,000. Assume that the variable selling and administrative expenses were $240,000, how much is the fixed manufacturing cost ($)? O a. 170,000 O b. None of the given answers O c. 600,000 O d. 410,000 O e. 430,000
The company shows a contribution margin ratio of 25%. The company desires to earn a profit of $15,000 and has fixed costs of $25,000. Determine the sales revenue that would have to be generated in order to earn the desired profit. $340,000 None $240,000 $106,250 $160,000
kk. Subject :- Accounting
Ma3. Nike Corp. recorded operating data for its shoe division for the year as follows: Sales - $12160000 Contribution margin - 380000 Controllable fixed costs - 120000 Average total operating assets - 760000 What is the controllable margin for the year? A.$260000 B.32% C.$380000 D.50%
Company XYZ made total sales revenue of $ 300,000 . The variable manufacturing costs were $ 95,000 while the fixed manufacturing costs were $ 20,000 . The variable selling and administrative expenses were $ 47,000 while the fixed selling and administrative expenses were $ 10,000 How much was the total contribution margin ( $ ) ? O a . 243,000 O b . None of the given answers C. 205,000 O d . 158,000 O e . 185,000
Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $374,700 $1,056,000 Variable costs 150,300 633,600 Contribution margin $224,400 $422,400 Fixed costs 158,400 246,400 Income from operations $66,000 $176,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. Bryant Inc. b. How much would income from operations increase for each company if the sales of each increased by 20%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $ % Bryant Inc. $ %
Oriole Corp. had total variable costs of $151,250, total fixed costs of $130,500, and total revenues of $275,000. (a1) X Your answer is incorrect. Calculate contribution margin ratio. Contribution margin ratio 81.8 do %
Company XYZ made total contribution margin of $400,000 and a net income of $130,000. The company also made a total gross margin of $330,000. Assume that the variable selling and administrative expenses were $120,000, how much is the fixed manufacturing cost ($)? O a. 270,000 Ob. 80,000 O c. 200,000 O d. None of the given answers O e. 190,000
4 Womack Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units) Variable expenses Contribution margin Fixed expenses Net operating income The margin of safety percentage is closest to: O 75% 1% O 6% O 24% $ 270,000 202,500 67,500 63,750 $3,750
pls help
Bryce Co. sales are $897,000, variable costs are $468,500, and operating income is $276,000. The contribution margin ratio is Oa. $2.2% Ob. 57.4% Oc. 47.8% Od. 43.5%
The Tom Company reports the following data. Sales $181,203 Variable costs 94,503 Fixed costs 35,700 Determine Tom Company's operating leverage. Round your answer to one decimal place.

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

ryce Co. sales are $895,000, variable costs are $469,200, and operating income is $236,000. The contribution margin ratio is a.47.6% b.52.4% c.57.6% d.43.3%