The following monthly data are available for Tugg, Inc. which produces only one product: Selling price per unit, P42; Unit variable expenses, P14; Total fixed expenses, P70,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?
Q: Whirly Corporation’s contribution format income statement for the most recent month is shown below:…
A: Contribution margin is defined as Net sales minus total variable costs. Fixed cost remains constant…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: Contribution margin: The difference between the sales and the variable costs is called the…
Q: Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total…
A: units sold = 37,000 units Total sales = $148,000Variable cost = $115,440Fixed cost = $36,500
Q: Last month when Holiday Creations, Incorporated, sold 44,000 units, total sales were $176,000, total…
A: The contribution margin ratio is a percentage that represents how much of each sales dollar…
Q: ixed expenses were $36,900. Required: 1. What is the company's contribution margin (CM) ratio? 2.…
A: Contribution Margin Ratio is percentage difference between corporate revenues and variable costs.…
Q: Required information [The following information applies to the questions displayed below.] Data for…
A: Contribution margin = Sales - Variable costs Variable costs = Sales*70%
Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: Cost volume profit analysis is the technique used by management for decision making. The methods…
Q: Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin…
A: Cost volume profit analysis is the technique used by management for decision making. The methods…
Q: Pultz Corporation produces and sells a single product. Data concerning that product appear below:…
A: The question is related to Marginal Costing. The Contribution Margin is calculated with the help of…
Q: Publix sold 1,000 units last month which yielded the income statement below. Sales…
A: Break even point :— It is the point of production where total cost is equal to total revenue. At…
Q: Data concerning Celenza Corporation's single product appear below: selling price per unit- $230…
A: Formula: Dollar sales to attain that target profit = (Fixed expense + Target profit) / Contribution…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: The objective of the question is to calculate the revised net operating income for Whirly…
Q: Mauro Products distributes a single product, a woven basket whose selling price is $27 per unit and…
A: The break even sales are calculated as fixed costs divided by contribution Margin Ratio. The…
Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow:…
A: ‘’Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: A company reports the following for this year. Units sold 1,800 units Sales price per unit $ 36…
A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…
Q: Last month when Holiday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total…
A: Lets understand the basics.Contribution margin ratio indicates contribution margin generated on…
Q: HWGMOF373 Corp has the following data: Unit selling price Unit variable expenses (ID#72095) Total…
A: The margin of safety is the excess value of sales over the break-even sales. It can be calculated by…
Q: Frymire Corporation produces and sells a single product. Data concerning that product appear below:…
A: Contribution margin per unit = sales - variable costs = $240-79.20 = $160.80 Contribution margin…
Q: Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $148,000, total…
A: MARGINAL COSTING INCOME STATEMENT In an Marginal Costing Income Statement One of the Important Cost…
Q: Margin of Safety Yellow Sticker Company’s variable expenses are 40% of sales. The company has…
A: The margin of safety is a tool of cost volume profit analysis. It can be calculated by deducting…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: With the Increase or Decrease in the sales units, the Fixed Cost will Remain the Same, but the total…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: Cost volume profit analysis is an important technique in the hands of the management for…
Q: Oriole Industries produces and sells a cell phone-operated home security control systems.…
A: Marginal Costing Income Statement is One of the Important Cost Management Accounting Techniques.…
Q: Last month when Holiday Creations, Incorporated, sold 43,000 units, total sales were $172,000, total…
A: The contribution margin ratio represents the portion of each sales dollar that contributes to…
Q: The BX68490 company has provided its contribution format income statement for a given month. Sales…
A: general points to remember - 1) fixed cost will remain constant irrespective of the level of…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: The method for calculating the profitability of a given investment is known in the real estate…
Q: Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total…
A: Contribution margin ratio is calculated by dividing contribution margin by sales revenue of company.…
Q: White Lake Inc. produces and sells a single product. Data concerning that product appear below:…
A: 1. BREAK EVEN SALES : = (FIXED COST X SALES) / CONTRIBUTION PER UNIT 2. UNITS TO SELL TO ATTAIN…
Q: he monthly break-even point in unit sales and
A: Breakeven point means a Level when company earned no profit or no loss.
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: It involves calculating how changes in sales volume affect a company's profitability.By subtracting…
Q: Required information [The following information applies to the questions displayed below.] Data for…
A: The objective of the question is to determine the impact on the net operating income if Hermann…
Q: 1. What would be the revised net operating income per month if the sales volume increases by 70…
A: The variable costing method is a cost accounting method which includes only variable cost to…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: The amount a firm has made from its core operations is represented by the profitability metric known…
Q: Holiday Creations, Incorporated, sold 36,000 units, total sales were $144,000, total variable…
A: In Variable Costing we find contribution margin by deducting per unit…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: With the Increase or Decrease in the sales units, the Fixed Cost will Remain the Same, but the total…
Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…
A: Net operating income is the difference between contribution margin and fixed expenses. Contribution…
Q: Menlo Company distributes a single product. The company’s sales and expenses for last month follow:…
A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: ndependently): What would be the revised net operating income per month if the sales volume…
A: 1.Income statement - 60 units increases:ParticularsAmount ($)Sales ((7,700 + 60) * $32)$248,320Less:…
Q: The following monthly data in contribution format are available for the Ross Company and its only…
A: The concept of leverage is associated risk measure . They are different kind of leverage that can…
PLS ANSWER AND SHOW SOLUTION
#10
The following monthly data are available for Tugg, Inc. which produces only one product: Selling price per unit, P42; Unit variable expenses, P14; Total fixed expenses, P70,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (7,800 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 265,200 148, 200 117,000 55,700 $ 61,300 Required: (Consider each case independently): Per Unit $ 34.00 19.00 $15.00 1. What would be the revised net operating income per month if the sales volume increases by 90 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 2. What would be the revised net operating income per month if the sales volume decreases by 90 units? 3. What would be the revised net operating income per month if the sales volume is 6,800 units?Last month when Holiday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total variable expenses were $109,200, and fixed expenses were $38,600. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 300 units and total sales by $1,200? Note: Do not round intermediate calculations. Answer is complete but not entirely correct. 1. Contribution margin ratio 2. Estimated change in net operating income 22 % $ 347 XWhirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $ 33.00 18.00 $ 15.00 Sales (8,800 units) Variable expenses Contribution margin Fixed expenses Net operating income Required: (Consider each case independently): Total $ 290,400 158,400 132,000 54,100 $ 77,900 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume decreases by 40 units? 3. What would be the revised net operating income per month if the sales volume is 7,800 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income
- Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $ 33.00 19.00 $ 14.00 Sales (8,500 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 280,500 161,500 119,000 54,700 $ 64,300 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 70 units? 2. What would be the revised net operating income per month if the sales volume decreases by 70 units? 3. What would be the revised net operating income per month if the sales volume is 7,500 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating incomeCVP Analysis, *What IT?" AnalysisKevin Co. projected contribution-format income statement for the upcoming month is shownBelow Sales (500 units) $10000Variable expenses. 4000Contributions margin. 6000Fixed expenses. 1000Net operating income. 5000Required:a.) Compute the breakeven point in units.b) Compute the breakeven paint in dollars.c.) If the company wishes to earn a monthly target profit of $10,000, how many units must be sold each month?d.) Compute the company's margin of safety. State your answer in both dollar and percentage terms,e.) The company's manager thinks that adding a salaried sales staff member at a cost of 52,000 per month will increase sales by $4,000 per month. If he is correct, what will be the net dollar advantage or disadvantage of making this change?t.) Refer to the original data, the company's manager believes that a new production process will improve profitability. He plans to add new machinery that will cut variable expenses…Whirly Corporation's contribution format income statement for the most recent month is shown below: Total $ 268,600 150, 100 118,500 54,300 Per Unit $ 34.00 19.00 $ 15.00 $ 64,200 Sales (7,900 units) Variable expenses Contribution margin Fixed expenses Net operating income. Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 30 units? 2. What would be the revised net operating income per month if the sales volume decreases by 30 units? 3. What would be the revised net operating income per month if the sales volume is 6,900 units? 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income
- Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution formaet Income statement for the most recent month is given below Sales (12,600 units $30 per unit) Variable expenses Contribution margin Fixed expenses $ 378,000 226,800 151,280 160,200 Net operating loss $ (18,000) Required: 1. Compute the company's CM ratio and its break-even point in unit sales and dollar sales. 2. The president believes that a $6,600 Increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will increase unit sales and the total sales by $82,000 per month. If the president is right, what will be the Increase (decrease) in the company's monthly net operating Income? 3. Refer to the original dets. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase of $39,000 in the monthly advertising…[The following information applies to the questions displayed below.] Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 125 80 $ 45 Fixed expenses are $85,000 per month and the company is selling 2,700 units per month. Req 1A Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $12,500? 1-b. Should the advertising budget be increased? Reg 1B Percent of Sales Complete this question by entering your answers in the tabs below. 100% 64 36% by How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000, the monthly sales volume increases by 100 units, and the total monthly sales increase by $12,500? Note: Do not round intermediate calculations. Net operating income Req 1A Req 1B >The following monthly data are available for the Phelps Company: Product A Product B $150,000 $130,000 Variable expenses $91,000 $104,000 Contribution margin $59,000 $26,000 Fixed expenses Operating income The break-even sales for the month for the company are: Sales Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $203,000 Product C $90,000 $27,000 $63,000 foonnnn. Total $370,000 $222,000 $148,000 $55,000
- Whirly Corporation's contribution format income statement for the most recent month is shown below: Sales (8,400 units) Variable expenses Contribution margin Total $ 260,400 159,600 Per Unit $ 31.00 19.00 $ 12.00 100,800 Fixed expenses Net operating income 55,300 $ 45,500 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units?Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,000 units) $ 240,000 $ 30.00 Variable expenses 152,000 19.00 Contribution margin 88,000 $ 11.00 Fixed expenses 55,000 Net operating income $ 33,000 Can you please help me solve for the following: A. What would be the revised net operating income per month if the sales volume increases by 60 units? B. What would be the revised net operating income per month if the sales volume decreases by 60 units? C. What would be the revised net operating income per month if the sales volume is 7,000 units?Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit Sales $ 608, 000 $ 40 Variable expenses 425, 600 28 Contribution margin 182, 400 $ 12 Fixed expenses 154,800 Net operating income $ 27,600 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3- a. How many units would have to be sold each month to attain a target profit of $ 50, 400? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by S 50,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)