Please do not give solution in image format.. thanku The following income statements illustrate different cost structures for two competing companies:Income StatementsNumber of customers (a)Sales revenue (a × $240)Variable cost (a * $180)Variable cost (a × $0)Contribution marginFixed costNet incomeWALTON COMPANYIncome StatementCompany NameSales revenueVariable costContribution margin $Fixed costNet income (loss) $Zachary83$ 19,920N/ARequireda. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton bylowering the sales price to $140 per customer.b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary bylowering the sales price to $140 per customer.0Walton83$ 19,920Complete this question by entering your answers in the tabs below.0(14,940)N/A4,9800Required A Required BReconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away fromZachary by lowering the sales price to $140 per customer.19,920(14,940)$ 4,980 $ 4,980< Required ARequired B > The following income statements illustrate different cost structures for two competing companies:Income StatementsNumber of customers (a)Sales revenue (a × $240)Variable cost (a x $180)Variable cost (a × $0)Contribution marginFixed costNet incomeRequired A Required BRequireda. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton bylowering the sales price to $140 per customer.b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary bylowering the sales price to $140 per customer.Complete this question by entering your answers in the tabs below.ZACHARY COMPANYIncome StatementCompany NameSales revenueVariable costContribution margin $Fixed costNet income (loss) $Zachary83$ 19,920N/A019,920(14,940)$ 4,980Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away fromWalton by lowering the sales price to $140 per customer.0Walton83$ 19,920(14,940)N/A4,9800$ 4,9800Required ARequired P

Net income is the amount of money earned by the entity after deducting all the expenses from the…

The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a × $240) Variable cost (a * $180) Variable cost (a × $0) Contribution margin Fixed cost Net income Company Name Zachary 83 $ 19,920 N/A 0 Walton 83 $ 19,920 (14,940) N/A 4,980 0 19,920 (14,940) $ 4,980 $ 4,980 Required a. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton by lowering the sales price to $140 per customer. b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary by lowering the sales price to $140 per customer.

The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a × $240) Variable cost (a * $180) Variable cost (a × $0) Contribution margin Fixed cost Net income Company Name Zachary 83 $ 19,920 N/A 0 Walton 83 $ 19,920 (14,940) N/A 4,980 0 19,920 (14,940) $ 4,980 $ 4,980 Required a. Reconstruct Zachary's income statement, assuming that it serves 166 customers when it lures 83 customers away from Walton by lowering the sales price to $140 per customer. b. Reconstruct Walton's income statement, assuming that it serves 166 customers when it lures 83 customers away from Zachary by lowering the sales price to $140 per customer.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 20BEA

See similar textbooks

Similar questions

The following income statements illustrate different cost structures for two competing companies: Number of customers (a) Sales revenue (ax $250). Variable cost (ax $190) Contribution margin Fixed cost Net income Income Statements Company Name BENSON COMPANY Income Statement Sales revenue Vanable cost Benson 82 $20,500 N/A 20,500 (15,580) $4,920 Required a. Reconstruct Benson's income statement, assuming that it serves 164 customers when it lures 82 customers away from Baird by lowering the sales price to $150 per customer. b. Reconstruct Baird's income statement, assuming that it serves 164 customers when it lures 82 customers away from Benson by lowering the sales price to $150 per customer. Contribution margin Fixed cost Net income (loss) Complete this question by entering your answers in the tabs below. Baird 82 $20,500 (15,580) 4,920 0 $4,920 Required A Required B Reconstruct Benson's income statement, assuming that it serves 164 customers when it lures 82 customers away from…
The following income statements illustrate different cost structures for two competing companies: Number of customers (a) Sales revenue (a × $220) Variable cost (a × $190) Contribution margin Fixed cost Net income Income Statements Required Company Name Jordan 86 $18,920 (16,340) 2,580 0 $2,580 Munoz 86 $18,920 N/A 18,920 (16,340) $2,580 a. Reconstruct Munoz's income statement, assuming that it serves 172 customers when it lures 86 customers away from Jordan by lowering the sales price to $120 per customer. b. Reconstruct Jordan's income statement, assuming that it serves 172 customers when it lures 86 customers away from Munoz by lowering the sales price to $120 per customer.
Please help me
Income Statements. Number of customers (a) Sales revenue (a * $200) Variable cost (ax $140) Contribution margin Fixed cost Net income. HILL COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Company Name Creek Hill Complete this question by entering your answers in the tabs below. $ 200 $40,000 N/A 40,000 (28,000) $12,000 Required A Required B Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. $ $ 200 $40,000 (28,000) 12,000 0 $12,000 200 0 200 200
The following income statements illustrate different cost structures for two competing companies: Income Statements Number of customers (a) Sales revenue (a $200) Variable cost (ax $140) Contribution margin Fixed cost Net income Company Name Hill 200 $40,000 N/A 40,000 (28,000) $12,000 Creek 200 $40,000 (28,000) 12,000 0 $12,000 Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below.
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name Gibson Franklin Number of customers (a) 81 81 Sales revenue (a × $210) $17,010 $17,010 Variable cost (a × $190) N/A (15,390) Contribution margin 17,010 1,620 Fixed cost (15,390) 0 Net income $1,620 $1,620 Required Reconstruct Gibson’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Franklin by lowering the sales price to $110 per customer. Reconstruct Franklin’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Gibson by lowering the sales price to $110 per customer.
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name Baird Adams 88 $ 21,120 (15,840) N/A 88 Number of customers (a) Sales revenue (a X $240) Variable cost (a x $180) Variable cost (a x $0) Contribution margin Fixed cost $ 21,120 N/A 21,120 (15,840) 5,280 Net income $ 5,280 $4 $ 5,280 Required a. Reconstruct Baird's income statement, assuming that it serves 176 customers when it lures 88 customers away from Adams by lowering the sales price to $140 per customer. b. Reconstruct Adams's income statement, assuming that it serves 176 customers when it lures 88 customers away from Baird by lowering the sales price to $140 per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Baird's income statement, assuming that it serves 176 customers when it lures 88 customers away from Adams by lowering the sales price to $140 per customer. BAIRD COMPANY Income…
The following income statements illustrate different cost structures for two competing companies: Income Statements Company Name Perez Munoz Number of customers (a) 81 81 Sales revenue (a × $250) $ 20,250 $ 20,250 Variable cost (a × $175) N/A (14,175 ) Variable cost (a × $0) 0 N/A Contribution margin 20,250 6,075 Fixed cost (14,175 ) 0 Net income $ 6,075 $ 6,075 Required Reconstruct Perez’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Munoz by lowering the sales price to $150 per customer. Reconstruct Munoz’s income statement, assuming that it serves 162 customers when it lures 81 customers away from Perez by lowering the sales price to $150 per customer.
The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Net income (a1) Blanc Company Noir Company $505,000 $505,000 303,000 252,500 252,500 242,400 $10,100 * Your answer is incorrect. Blanc Company 202,000 191,900 $10,100 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Noir Company Contribution Margin Ratio 40% 50%
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)
Cullumber Company makes three models of tasers. Information on the three products is given below. Sales Variable expenses Contribution margin Fixed expenses Net income (a) Net income $ (b) Shocker Net Income Tingler $300,000 $500,000 Tingler Net Income $ Total Net Income (c) Why or why not? Compute current net income for Cullumber Company. ta Net income would 151,400 148,600 $ 119,400 S $29,200 Fixed expenses consist of $298,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (Tingler), $80,800 (Shocker), and $34,300 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out. James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company's net income. Shocker 197,000 303,000 229,800 $73,200 Compute net income by product line and in total for…
Please help fill in the rest of the table on based on Cost-Volume-Profit relationship