Wildhorse Company has the following information available for September 2022:- **Unit selling price of video game consoles**: $470- **Unit variable costs**: $329- **Total fixed costs**: $50,760- **Units sold**: 600 **WILDHORSE COMPANY: CVP Income Statement***For the Month Ended September 30, 2022*| **Category** | **Total ($)** | **Per Unit ($)** | **Percent of Sales (%)** ||---------------------------|---------------|------------------|--------------------------|| **Sales** | 282,000 | 470 | || **Variable Costs** | 197,400 | 329 | || **Contribution Margin** | 84,600 | 141 | || **Fixed Costs** | 50,760 | | || **Net Income/(Loss)** | 33,840 | | |This income statement shows the financial performance of Wildhorse Company for September 2022, highlighting key figures such as sales, variable costs, contribution margin, fixed costs, and net income. The figures are presented in total and on a per-unit basis, with spaces allocated for calculating percentages relative to sales.

Cost volume profit analysis is the technique used by management for decision-making. The methods…

Answered: Wildhorse Company has the following…

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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Price and Cost Information Amount Selling Price per Unit $500 Variable Cost per Unit $350 Total Fixed Cost $50,000 For the upcoming period, the company projects that it will sell 5,000 units. Considering that the company has a unit break-even point of 333.33 units, what is the margin of safety in terms of both units and sales revenue? Round your answers to two decimal places, if necessary. Margin of Safety in Sales Revenue = $_ %24
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Elmer's Electronics has the following information for the first three years of business: 2019 10,000 2020 11,000 3,000 $600,000 2021 12,000 8,000 S600,000 S 100 S 220 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling & administrative expense 25,000 $600,000 $ 100 $ 200 $200,000 100 $ 210 $200,000 $200,000 Calculate income under both full costing and variable costing. What is the cost of ending inventory under full costing and under variable costing (assume FIFO)?
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G 1. Compute the companys deg X Connect tent A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l Saved napter 05 Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $2,160,000 1,728,000 $432,000 324,000 Pretax income $ 108,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. Degree of operating leverage 3.0 ост 20 W

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Wildhorse Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $470 $329 $50,760 600