Wight Corporation has provided itscontribution format income statement forJune. The company produces and sells asingle product.Sales (4,400 units) $ 162,800Variable expenses 79,200Contribution margin 83,600Fixed expenses 44,800Net operating income $ 38,800If the company sells 4,500 units, its totalcontribution margin should be closest to:(Do not round intermediate calculations.)Multiple Choice$39,682$85,500$83,600$87,300

In marginal costing variable cost change with change in output in same proportion. Accordingly…

Answered: Wight Corporation has pr contribution…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 112,000 34,600 $77,400 Makeover $ 56,000 7,400 $ 48,600 Total $ 168,000 42,000 126,000 86,400 $ 39,600 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 11 Required 21 Required 3 Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. (Do not round intermediate calculations, Round your…
Subject: accounting
Help Save & Exit Submit Below is the contribution format income statement for a company based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin $ 55,000 33,000 22,000 14,960 $ 7,040 Fixed expenses Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $1,450, and unit sales increase by 190 units, what would be the new net operating income? (All answers are whole numbers 1000 for one thousand. Negative numbers should be added with a minus sign, e.g., -1000 for a decrease or loss of one thousand.) unless specified otherwise. You should NOT include the $ sign or a comma. E.g., you should type Net operating income after the changes %24
A company reports the following contribution margin income statement. Contribution Margin Income Statement For Year Ended December 31 Sales (19,200 units at $22.50 each) Variable costs (19,200 units at $18.00 each) Contribution margin. Fixed costs Income The manager believes the company can increase sales volume to 22,000 total units by increasing advertising costs by $16,200. Required A Required B Complete this question by entering your answers in the tabs below. Contribution Margin Income Statement For Year Ended December 31 $ 432,000 345,600 Prepare a contribution margin income statement assuming the company incurs the additional advertising costs and sales volume increases to 22,000 units. Sales Variable costs Contribution margin 86,400 64,800 $ 21,600 Fixed costs Income
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Company XYZ made total contribution margin of $ 300,000 and a net income of $ 140,000. The company also made a total gross margin of $ 270,000. Assume that the variable selling and administrative expenses were $ 80,000, how much is the fixed manufacturing cost ($)? O a. None of the given answers O b. 160,000 Oc 130,000 O d. 50,000 O e 110,000
Whirly Corporation's contribution format income statement for the most recent month is shown below: Per Unit $ 32.00 19.00 $13.00 Sales (8,300 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 265,600 157,700 Required: (Consider each case independently): 1. Revised net operating income 2. Revised net operating income 3. Revised net operating income 8 $ 107,900 55,200 $ 52,700 1. What would be the revised net operating income per month if the sales volume increases by 80 units? 2. What would be the revised net operating income per month if the sales volume decreases by 80 units? 3. What would be the revised net operating income per month if the sales volume is 7,300 units?

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Wight Corporation has pr contribution format incon June. The company prod single product. Sales (4,400 units) $ Variable expenses 7 Contribution margin 8 Fixed expenses 4