Total Total Variable Fixed Sales cost cost July 58,000 11,600 50,000 August 54,000 10,800 50,000 September 62,500 12,500 50,000 October 65,000 13,000 50,000 November 76,000 15,200 50,000 December 70,000 14,000 50,000 What is contribution margin in percentage?

Total Total Variable Fixed Sales cost cost July 58,000 11,600 50,000 August 54,000 10,800 50,000 September 62,500 12,500 50,000 October 65,000 13,000 50,000 November 76,000 15,200 50,000 December 70,000 14,000 50,000 What is contribution margin in percentage?

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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Concept explainers

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.

Question

Total
Total
Variable
Fixed
Sales
cost
cost
July
58,000
11,600
50,000
August
54,000
10,800
50,000
September
62,500
12,500
50,000
October
65,000
13,000
50,000
November
76,000
15,200
50,000
December
70,000
14,000
50,000
What is contribution margin in percentage?

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Question 6, Part 3
Contribution Margin Analysis—Sales The following data for Romero Products Inc. are available: For the Year Ended December 31 Actual Planned Difference—Increase or (Decrease) Sales $1,958,400 $1,764,000 $194,400 Variable costs: Variable cost of goods sold $1,040,400 $940,800 $99,600 Variable selling and administrative expenses 204,000 196,000 8,000 Total variable costs $1,244,400 $1,136,800 $107,600 Contribution margin $714,000 $627,200 $86,800 Number of units sold 20,400 19,600 Per unit: Sales price $96 $90 Variable cost of goods sold 51 48 Variable selling and administrative expenses 10 10 Prepare an analysis of the sales quantity and unit price factors. Romero Products Inc. Contribution Margin Analysis—Sales For the Year Ended December 31 Effect of changes in sales: Sales quantity factor $ Unit price factor Total effect of changes in sales $
Here's the second part of the milestone if you could verify these numbers to being accurate?
If sales are $817,000, variable costs are 79% of sales, and operating income is $240,000, what is the contribution margin ratio? 21% 79% 25% 75%
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In the cost-volume- profit graph (above), what is represented by the point marked "A"? Question 1 options: Breakeven point Fixed expenses Operating income area Operating loss area