I need correct answer this question answer accounting You have been provided with the following information.Per Unit TotalSales$5$15,000Less variable expenses 39,000Contribution margin26,000Less fixed expenses3,000Operating profit$3,000If sales decrease by 300 units, how much will fixed costs haveto be reduced by to maintain the current operating profit of$3,000?

Step 1: Define Cost-Volume-Profit AnalysisThe cost-volume-profit (CVP) analysis is used to figure…

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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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You have been provided with the following information: ere to search Multiple Choice Sales Less variable expenses Contribution margin Less fixed expenses Operating profit If unit sales decrease by 10%, how much will fixed costs have to be reduced by to maintain the current operating profit? $8,250 $11,000 Per Unit $25 14 $11 E Total $ 75,000 42,000 33,000 22,000 $ 11,000 N 4 37°F Mostly
Given the following data: Per Unit TotalSales $ 15 $ 45,000Less variable expenses 9 27,000Contribution margin 6 18,000Less fixed expenses 12,000Operating profit $ 6,000If sales decrease by 500 units, by what percent would fixed costs have to be reduced by to maintain current operating profit? 25.0%.16.7%.50.0%.33.3%.
You have the following data for product X: sales revenue $12,000, variable costs $8,000, allocated fixed costs $2,000. If you drop product X in the long term, total profit will: increase by $2,000 remain the same decrease by $2,000 O increase by $4,000 decrease by $4,000
Answer Questions #11,12, and 13 using the information below: Projected Sales: 25,000 Average Sales Price per Unit: $ 56.00 Average Variable Cost per Unit: $ 38.00 Total Fixed Costs: $ $ 342,000 11) Which of the following statements is true? A) Profit in the amount of $108,000 and total costs equal $950,000 B) Loss in the amount of $108,000 and total costs equal $950,000 C) Profit in the amount of $108,000 and total costs equal $1,292,000 D) Loss in the amount of $108,000 and total costs equal $1,292,000 12) Break-even Units equals: A) 6,000 B) 14,000 C) 19,000 D) 22,000 13) If Budgeted Sales were $1,300,000, then the Margin of Safety in dollars is: A) $100,000 B) $236,000 C) $350,000 D) $578,000
Find the missing values in the table below with different amount of sales and change in variable expense accordingly. From the given below data find the Contribution ratio. What will be impact on Breakeven if sales increases. Items Current Sales in additional sales in Percentage dollars for 600 dollars with 720 of Sales units units Sales 1,54,000 1,76,000 ? Variable 36,000 10 percent increase ? Expenses in previous expense Contribution ? Margin Fixed Expenses 25,000 25000 Net Income or ? Loss
Find the missing values in the table below with different amount of sales and change in variable expense accordingly. From the given below data find the Contribution ratio. What will be impact on Breakeven if sales increases. Items Current Sales in additional sales in Percentage dollars for 600 dollars with 720 of Sales units units Sales 1,54,000 1,76,000 ? Variable 36,000 10 percent increase ? Expenses in previous expense Contribution ? Margin Fixed Expenses 25,000 25000 Net Income or ? ? ? Los b) Harsha Ltd. Corporation wants to know about the variance in production cost it is noted that mostly variance is related to labor variance. Actual labor hours consumed are 28 hours at the rate of 12 dollars per hour. While standard hours was 41 hours with standard rate of 20 per hour. You are required to find the Labor Efficiency Variance, Labor rate Variance. Interpret your results.
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Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 300,000 120,000 180,000 60,000 $ 120,000 Per Unit $40 16 $24 If unit sales increase by 21%, then the best of estimate of the new net operating income is: Note: Do not round your intermediate calculations.
Assume the following information: Sales Variable expenses Contribution margin Fixed expenses $87,600. $152,600. $94,500. Net operating income Multiple Choice $84,000. Amount $ 300,000 120,000 180,000 105,000 $ 75,000 Per Unit $ 40 If the selling price per unit increases by 10% and unit sales drop by 5%, then the best of estimate of the new net operating income is: 16 $24
please step by step solution.
Compute for what is being asked1. Unit selling price P800 unit variable cost P350 annual sales volume, 620 units, fixed costs and expenses P200,000 per year. Compute the following.a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salee. Operating income (BIT)using the break even salef. Operating income (EBIT) using the annual sales volume
If the selling price per unit is $80, the variable expense per unit is $40, and total fixed expenses are $250,000, what are the breakeven sales in dollars? A. $3,125 B. $125,000 c. $500,000 D. $166,667

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