Please do not give solution in image format thanku Total salesVariable cost:Sales commissionsAdvertising expenseMiscellaneous selling expenseOffice supplies expenseMiscellaneous administrative expenseTotal variable costFixed cost:Miscellaneous selling expenseOffice salaries expenseAgent BlazeFlexible Selling and Administrative Expenses BudgetFor the Month Ending January 31, 2012Miscellaneous administrative expenseTotal fixed cost$$Total selling and administrative expenses $$110,000$40-4040-$$140,000II40-40$4.040-$$165,000 Agent Blaze uses flexible budgets that are based on the followingdata:6% of salesAdvertising expense .20% of salesMiscellaneous selling expense . . . . . . $2,500 plus 2% of salesOffice salaries expense .$17,000 per monthOffice supplies expense ..3% of salesMiscellaneous administrative expense . . . $1,750 per month plus1% of salesSales commissions..Prepare a flexible selling and administrative expenses budget forJanuary 2012, for sales volumes of $110,000, $140,000, and$165,000. Enter all amounts as positive numbers.

The flexible selling and administrative budget represents the total selling and administrative…

Agent Blaze uses flexible budgets that are based on the following data: Sales commissions .... ....6% of sales Advertising expense . .... 20% of sales Miscellaneous selling expense . . . . . . $2,500 plus 2% of sales Office salaries expense.... . $17,000 per month Office supplies expense .3% of sales Miscellaneous administrative expense ... $1,750 per month plus 1% of sales Prepare a flexible selling and administrative expenses budget for

Agent Blaze uses flexible budgets that are based on the following data: Sales commissions .... ....6% of sales Advertising expense . .... 20% of sales Miscellaneous selling expense . . . . . . $2,500 plus 2% of sales Office salaries expense.... . $17,000 per month Office supplies expense .3% of sales Miscellaneous administrative expense ... $1,750 per month plus 1% of sales Prepare a flexible selling and administrative expenses budget for

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 42E: Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller...

See similar textbooks

Similar questions

F Sales Variable Costs Cost of goods sold Selling Expenses Total Variable costs Contribution Margin Fixed Costs Admin Expenses Net Profit Total $3,599,100 $1,619,156 $41,500 $1,660,656 $1,938,444 $70,000 Department Department a $1,000,000 $597,600 $12,000 $609,600 $390,400 b $678,000 $224,100 $8,000 $232,100 Department C $921,000 $382,311 $9,000 $391,311 Department d $1,000,100 $415,145 $12,500 $427,645 a. Using contribution margin accounting cost analysis, what is the contribution margin for Department b? b. Contribution margin for Department c? C. Department d? d. What is your net profit for the total organization? 0
Amazin' 69 Corp. Income Statement For Month Ending May 31, 20XX Fixed Cost of Goods Sold Fixed Selling and Administrative Costs Sales Revenue Variable Cost of Goods Sold Variable Selling and Administrative Costs Operating Income Calculate the contribution margin and operating income for May Amazin' 69 Corp. Contribution Margin Income Statement For Month Ending May 31 20XX
Customers balance December 31, 2023 om customers e balance, March 31, 2024: cted in 2nd Ot 2024 Data table Total sales Budgeted purchases of direct matenal Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salaries expense Rent expense Insurance experese Depreciation experie Supples expense Print Done 208.000 40,900 37,500 1,100 1.200 6,700 4,000 1,000 1,400 6.240
% X O The estimated operating income will be $ 66,120. Requirement 5. Prove your answer to Requirement 4 by preparing a contribution margin income statement with a 40% increase in total sales. (The sales mix remains unchanged.) Sweet Pea Donuts Contribution Margin Income Statement Month Ended August 31, 2016 Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income
Quality Cost Report Loring Company had total sales of 2,400,000 for fiscal 20X1. The costs of quality-related activities are given below. Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. What message does the cost report provide? 2. Prepare a bar graph and pie chart that illustrate each categorys contribution to total quality costs. Comment on the significance of the distribution.
Quality Cost Report Whitley Company had total sales of 1,000,000 for the year ending 20X1. The costs of quality are given below. Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. What message does the cost report provide? 2. Prepare a bar graph and pie chart that illustrate each categorys contribution to total quality costs. Comment on the significance of the distribution.
Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller prepared the following budgeted income statement for the coming year: Required: 1. What is Arbergs variable cost ratio? What is its contribution margin ratio? 2. Suppose Arbergs actual revenues are 30,000 more than budgeted. By how much will operating income increase? Give the answer without preparing a new income statement 3. How much sales revenue must Arberg earn to break even? Prepare a contribution margin income statement to verify the accuracy of your answer. 4. What is Arbergs expected margin of safety? 5. What is Arbergs margin of safety if sales revenue is 380,000?
Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.
Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. $ 450,000 $ 30,000 $ 300,000 $ 15,000 ? $ 18,000 $ 22,500 ? $ 90,000 $ 27,000 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimati operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost…
Blossom Company has the following information available for September 2022. Unit selling price of video game consoles Unit variable costs Total fixed costs Units sold $400 $320 $24,000 600
Using the following information, determine the activity rate for the purchasing activity. Activity Estimated Activity Cost Estimated Activity-Base Usage Setup $80,000 1,000 Purchasing 130,000 10,000 Inspecting 50,000 2,000 a.$2.00 b.$8.00 c.$130.00 d.$13.00
Number of units sold. Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July. Complete this question by entering your answers in the tabs below. 6,400 $ 600 $416 $ 56 $ 125,900 $ 24 $ 207,800