General Accounting Sunrise Industries produced and sold 50,000 units of a singleproduct last year. The following data pertain to the year's incomestatement:ItemAmountSales revenue$1,600,000Manufacturing costs:- Variable$640,000- Fixed$300,000Selling costs:- Variable$50,000- Fixed$60,000Administrative costs:- Variable$200,000- Fixed$120,000Assume sales revenue increases by 20 percent. What will be thepercentage increase in profits before income taxes?

Step 1: Prepare the contribution margin income statement to compute the contribution margin and the…

Answered: Sunrise Industries produced and sold…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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The HASF Ink Ltd income statement for the preceding year is presented below except as noted the cost / revenue relationship for the coming year is expected to follow the same pattern as in the preceding year income statement for the year ending March 31 is as follows: Sales (200,000 units @ 2.5 Each) Rs. 5, 00,000 Variable cost 3, 00,000 Contribution margin 2, 00,000 Less Fixed cost 100,000 Profit before tax 100,000 Less tax 35,000 Profit after tax 65,000 Required: 1- The company management feels that it should earn at least Rs.10000 pre taxes per annum on…
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (7,600 unita) Variable expenses Total $ 243,200 136, 800 Per Unit $32.00 18.00 Contribution nargin 106,400 $ 14.00 ried expenses 55,000 5 51,400 et operating Lncone Required: (Consider each case independently): 1 What would be the revised net operating income per month if the sales volume increases by 50 units? 2 What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 6,600 units? 1. Revined net operating income 2. Revised net operating income 3. Revised net operating income
Net opreting income for the year?
Prairie Corporation has sales of $7,000,000 in its first year of operation. During this first year of operations its variable costs of goods sold were $2,500,000 of sales. Fixed cost of goods sold were $400,000. Selling and administrative cost were $1,400,000 and taxes were $700,000. Please calculate Prairie Corporation's after-tax income.
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For the past year, LaPrade Company had fixed costs of $70,000, a unit variable costs of $32, and a unit selling price of $40. For the coming year, no changes are expected in revenues and costs except that property taxes are expected to increase by $10,000. a. Determine the break-even sales (in units) for the past year.fill in the blank 1 units b. Determine the break-even sales (in units) for the coming year.fill in the blank 2 units
Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (7,400 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 236,800 140,600 96,200 54,300 $ 41,900 Per Unit $32.00 19.00 $13.00 Required: (Consider each case independently): 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 1. What would be the revised net operating income per month if the sales volume increases by 80 units? 2. What would be the revised net operating income per month if the sales volume decreases by 80 units? 3. What would be the revised net operating income per month if the sales volume is 6,400 units?
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Westerville Company reported the following results from last year's operations: please give me answer this general accounting question
de bne In previous year, Seventy Up, Inc. operated at 250,000 units. The following income ement was provided for you to plan your next year's operation: Sales Cost of goods sold Gross profit Operating expenses, variable costs is P125,000 Net income before income tax eleo P2,000,000d 1,500,000 it P 500,000 ns mh 225,000 P 275,000 29 adeo baud The fixed manufacturing cost in the cost of goods sold is P3.00 Instructions: Revise the income statement to reflect a variable costing method. lad
Anheuser-Busch InBev SA/NV (BUD) reported the following operatinginformation for a recent year (in millions) In addition, assume that Anheuser-Busch InBev sold 500 million barrelsof beer during the year. Assume that variable costs were 75% of the costof goods sold and 50% of selling, general, and administrative expenses.Assume that the remaining costs are fixed. For the following year,assume that Anheuser-Busch InBev expects pricing, variable costs perbarrel, and fixed costs to remain constant, except that new distributionand general office facilities are expected to increase fixed costs by $400million.a. Compute the break-even number of barrels for the current year.In computing variable and fixed costs and per-barrel amounts,round to two decimal places. Round the break-even number ofbarrels to one decimal place.b. Compute the anticipated break-even number of barrels for thefollowing year. Round to one decimal place in millions of barrels.

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