The following data are for Trendy Fashion Apparel: NorthSouthSales volume (units): Blouses5,2294,701 Skirts3,2407,832Sales price per unit: Blouses$22$17 Skirts$16$19Variable cost per unit Blouses$7$7 Skirts$10$10a. Determine the contribution margin for Skirts. b. Determine the contribution margin for the South Region.$ [input box]

Contribution margin per unit = Sales price per unit - Variable cost per unit Total Contribution…

Answered: The following data are for Trendy…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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4. The following information is related to Amy's clothing business: Total variable Output (unit) 0 100 200 300 400 Fixed cost (RM) 1,000 1,000 1,000 1,000 1,000 1,000 cost (RM) 300 600 900 Total cost (RM) 1,000 1,300 1,600 1,900 2,200 Sales revenue (RM) 2,500 800 1,600 2,400 3,200 4,000 Profit (loss) (RM) (1,000) (500) 500 1,000 1,500 1,200 500 1,500 Based on the above information, answer the following questions: a) Describe what is break-even point. b) Prepare a graph of the break-even point. From the graph, determine the break-even point in units and revenue. c) Explain when the company is making a profit and when it is suffering a loss?
Dress Designers, Inc., a clothing retailer, had the following total costs categorized by the value chain concept: Research and development Design Purchases Marketing Distribution Customer service What were the company's period costs? OA. $207,500 B. $101,000 C. $136,700 D. $279,700 $53,000 $17,800 $72,200 $42,300 $58,700 $35,700 ...
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A firm sell a single product for $6. Its variable cost per unit is $4 and fixed costs are $50. Ignoring income taxes, the amount of sales revenue needed for $20 profit is Select one: a. $210. b. $150. c. $35. d. $25.
What is the cost price variance? * O Bulldogs Inc. sells the following products. The following were obtained from the records: 2022 Cost of Sales Gross Profit 2,000.00 Units sold Products Dog Food Sales 12,000.00 10,000.00 500.00 Dog Treats 10,000.00 9,000.00 1,000.00 250.00 22,000.00 19,000.00 3,000.00 750.00 2021 Products Dog Food Cost of Sales 10,000.00 Gross Profit 1,000.00 Sales Units 11,000.00 250.00 Dog Treats 10,000.00 8,000.00 2,000.00 250.00 21,000.00 18,000.00 3,000.00 500.00 O 7,500U O 6,000F O 8,000U O 9,000U
es A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $290 per pair and cost $182.70 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair. Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: = Contribution Margin Ratio Contribution margin ratio = G Check n
Tike Industries is an apparel company that makes and sells both casual wear and sportswear. Here are data for the current year: Sales revenue Variable costs Contribution margin Traceable fixed costs Segment margin Common fixed costs Operating income Total $ 1,000,000 745,000 $255.000 (80,000) $175,000 (90,000) $85,000 Casual wear $ 450,000 388,000 $62,000 (25,000) $37,000 (42,000) S(5,000) Sportswear 5 pts $ 550,000 357,000 $193,000 (55,000) $138,000 (48,000) $90,000 Tike's accountant allocated the common fixed costs between the product lines based on sales revenue. Tike plans to discontinue the production of casual wear and use the freed-up capacity to triple the production and sale of sportswear. Although this will eliminate the traceable fixed costs for casual wear, the traceable fixed costs for sportswear will double. If Tike discontinues the casual wear product line, what would be the amount of the increase in Tike's operating income? Round to the nearest whole dollar and do not…
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	North	South
Sales volume (units):
Blouses	5,229	4,701
Skirts	3,240	7,832
Sales price per unit:
Blouses	$22	$17
Skirts	$16	$19
Variable cost per unit
Blouses	$7	$7
Skirts	$10	$10

The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,229 4,701 Skirts 3,240 7,832 Sales price per unit: Blouses $22 $17 Skirts $16 $19 Variable cost per unit Blouses $7 $7 Skirts $10 $10 a. Determine the contribution margin for Skirts.