i need the answer quickly Sandhill Corporation sells a single product for $50. Its management estimates the following revenues and costs for theyear 2022:Net sales$490,000Selling expenses-variable$19,600Direct materials88,200Selling expenses-fixed19,600Direct labour58,800Administrative expenses-variable9,800Manufacturing overhead-variable19,600Administrative expenses-fixed9,800Manufacturing overhead-fixed29,400(a)(b)Your answer is correct.Assuming fixed costs and net sales are spread evenly throughout the year, determine Sandhill's monthly break-even point in units and dollars. (Round answers to O decimal places, e.g. 5,275.)Monthly break-even in units163 unitsMonthly break-even in dollars$8,167eTextbook and MediaAttempts: 2 of 3 usedCalculate the contribution margin ratio, the annual margin of safety ratio, and the annual operating income.(Round answers to O decimal places, e.g. 15 or 15%.)Contribution margin ratio%Annual margin of safety ratioAnnual operating Income$eTextbook and MediaSave for Later%Attempts: 0 of 3 used Submit Answer

The contribution margin is the difference between the sales and the variable expense. The…

Sandhill Corporation sells a single product for $58. It year 2022: Net sales $490,000 Selling expenses-variable $19,600 Direct materials 88,200 Selling expenses-fixed 19,600 Direct labour 58,800 Administrative expenses-variable 9,800 Manufacturing overhead-variable 19,600 Administrative expenses-fixed 9,800 Manufacturing overhead-fixed 29,400

Sandhill Corporation sells a single product for $58. It year 2022: Net sales $490,000 Selling expenses-variable $19,600 Direct materials 88,200 Selling expenses-fixed 19,600 Direct labour 58,800 Administrative expenses-variable 9,800 Manufacturing overhead-variable 19,600 Administrative expenses-fixed 9,800 Manufacturing overhead-fixed 29,400

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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