provide answer Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable costs of $60 per unit, and fixedcosts of $44,000. Net income is$200,000.$80,000.$76,000.$36,000.

Hello student! Net Income is simply the difference between total revenue and total costs. Total…

Answered: Buerhrle's CVP income statement…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Arm’s CVP income statement included sales of 4,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $88,000. Net income is $400,000. $160,000. $152,000. $72,000.
Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Net income is $14000. $76000. $310000. $124000.
Simmons Corp. has a selling price of $11, variable costs of $2 per unit, and fixed costs of $24,852. Simmons net income is $44,370. How many units did Simmons sell? Round your units to nearest whole number
Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per ?unit is $6, and fixed expenses are $1,500. How much is the profit $13,500 a O $8,500 .b O $16,000 .c O $11,000 .d O $6,000 .e O
Swifty’s CVP income statement included sales of 6600 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is $264000. $660000. $154000. $396000.
Bramble Corp. sells 100000 units for $12 a unit. Fixed costs are $350000 and net income is $150000. What should be reported as variable expenses in the CVP income statement? $500000. $1050000. $700000. $850000.
Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is $14000. $186000. $310000. $124000.
Cottonwoods cvp income statement included sales of 5,000units , a selling price of $100 , variable expenses of $60per unit ,and fixed expenses of $110,000. net income is
Sheffield Corp. sells 200000 units for $14 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? $2200000. $2550000. $600000. $2450000.
P Company has provided the following data: Sales Price per unit: $50. Variable Cost per unit: $30; Fixed Cost: $135,000 Expected Sales: 20,000 units. d. Determine the margin of safety in dollars. e. If the company wants to have net income of $70,000, how many units must they sell.
Assume the following (1) selling price per unit = $25, (2) variable expense per unit = $13, (3) unit sales = 2,640, and (4) total fixed expenses = $25,000. Given these four assumptions, net operating income must be: Multiple Choice $9,320. $6,680. $41,000. $27,640.
The following information is extracted from the income statement of Al Shams Private Ltd. The Price (P) per unit of product is OMR 12 and Variable cost (VC) per unit is OMR 7 and fixed operating cost is OMR 8,000.Answer the following question after analyzing the given table. YEAR 1 YEAR 2 Sales (in units) 5,000 9,500 Sales Revenue (in OMR) ? ? Less: Variable operating costs ? ? Less: Fixed operating costs 8,000 ? Earnings before interest and taxes (EBIT) ? ? Complete the table Calculate the Degree of Operating Leverage (DOL). Interpret your answer (DOL).

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Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable costs of $60 per unit, and fixed costs of $44,000. Net income is $200,000. $80,000. $76,000. $36,000.