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Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. Sales Contribution Margin ratio The company's fixed expenses total $57,000 per month. Do not enter dollar signs or commas in the input boxes. Round contribution margin ratio to 2 decimal places. Round break-even up to the nearest whole number. a) What is the company's total contribution margin ratio? Style Blue Style Red Sales Less: variable expenses Style Blue Style Red Total $90,000 $78,000 $168,000 51% ? 42% Contribution Margin $90000 $ $78000 $ LA $ $ 168000 $ Total $

Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. Sales Contribution Margin ratio The company's fixed expenses total $57,000 per month. Do not enter dollar signs or commas in the input boxes. Round contribution margin ratio to 2 decimal places. Round break-even up to the nearest whole number. a) What is the company's total contribution margin ratio? Style Blue Style Red Sales Less: variable expenses Style Blue Style Red Total $90,000 $78,000 $168,000 51% ? 42% Contribution Margin $90000 $ $78000 $ LA $ $ 168000 $ Total $

FINANCIAL ACCOUNTING
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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Contribution Margin b) What is the company's total net operating profit? Contribution Margin (Total): $ Less: Fixed Expenses: $ Net Operating Profit: $ c) Calculate the break-even point in total dollar sales for the company based on the current sales mix. Contribution Margin Ratio (Total): % Break-even point in sales dollars: $
Transcribed Image Text:Contribution Margin b) What is the company's total net operating profit? Contribution Margin (Total): $ Less: Fixed Expenses: $ Net Operating Profit: $ c) Calculate the break-even point in total dollar sales for the company based on the current sales mix. Contribution Margin Ratio (Total): % Break-even point in sales dollars: $
ве TOGA Leaming Maps B Sales MindTap - Cengage... Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. AME ENGAGE™ Contribution Margin ratio Sales The company's fixed expenses total $57,000 per month. Do not enter dollar signs or commas in the input boxes. Round contribution margin ratio to 2 decimal places. Round break-even up to the nearest whole number. a) What is the company's total contribution margin ratio? Style Blue Style Red Style Blue Style Red Total $90,000 $78,000 $168,000 51% ? 42% Less: variable expenses Contribution Margin $90000 $78000 +A $ 168000 $ Total $ A Engli
Transcribed Image Text:ве TOGA Leaming Maps B Sales MindTap - Cengage... Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. AME ENGAGE™ Contribution Margin ratio Sales The company's fixed expenses total $57,000 per month. Do not enter dollar signs or commas in the input boxes. Round contribution margin ratio to 2 decimal places. Round break-even up to the nearest whole number. a) What is the company's total contribution margin ratio? Style Blue Style Red Style Blue Style Red Total $90,000 $78,000 $168,000 51% ? 42% Less: variable expenses Contribution Margin $90000 $78000 +A $ 168000 $ Total $ A Engli
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