Determine the contribution margin for the following: a.  Skirts $ b.  The South Region $

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Tike Industries is an apparel company that makes and sells both casual wear and sportswear. Here are data for the current year: Sales revenue Variable costs Contribution margin Traceable fixed costs Segment margin Common fixed costs Operating income Total $ 1,000,000 745,000 $255.000 (80,000) $175,000 (90,000) $85,000 Casual wear $ 450,000 388,000 $62,000 (25,000) $37,000 (42,000) S(5,000) Sportswear 5 pts $ 550,000 357,000 $193,000 (55,000) $138,000 (48,000) $90,000 Tike's accountant allocated the common fixed costs between the product lines based on sales revenue. Tike plans to discontinue the production of casual wear and use the freed-up capacity to triple the production and sale of sportswear. Although this will eliminate the traceable fixed costs for casual wear, the traceable fixed costs for sportswear will double. If Tike discontinues the casual wear product line, what would be the amount of the increase in Tike's operating income? Round to the nearest whole dollar and do not…

A7

The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Demand Next Selling Price year (units) per Unit 61,000 $ 20.00 53,000 46,000 Direct Materials $ 5.40 $2.20 $ 8.09 $ 3.10 $ 6.50 $33.50 44,400 $14.00 336,000 $ 9.10 $ 4.30 Product Debbie Trish Sarah Mike Sewing kit The following additional information is available: a. The company's plant has a capacity of 113,140 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pa rate will be $9 per hour. c. Fixed manufacturing costs total $630,000 per year. Variable overhead costs are $2 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead…

Variable Cost, Fixed Cost, Contribution Margin Income Statement Chillmax Company plans to sell 3,500 pairs of casual shoes at $60 each in the coming year. Product costs include: Direct materials per pair $ 12 Direct labor per pair 4 Variable factory overhead per pair Total fixed factory overhead 30,000 Variable selling expense is a commission of $3 per pair; fixed selling and administrative expense totals $48,000. Required: 1. Calculate the total variable cost per unit. $ 2. Calculate the total fixed expense for the year. $ 3. Prepare a contribution margin income statement for Chillmax Company for the coming year. Enter all amounts as a positive number. Chillmax Company Contribution Margin Income Statement For the Coming Year Total Per Unit Sales 2$ Total variable cost Total contribution margin $ Total fixed cost Operating income

Claudia wants to perform a break-even analysis on her very busy casual-dining operation. She has obtained the following operating results from last month's income statement and POS system sales records: Guests served: Sales: Variable costs: Fixed costs: Total costs: Profit: 25,000 $210,000 $75,000 $110,000 $185,000 $25,000

estion 2: vin Question 1: a. Explain the meaning of breakeven point and the benefit of using it in businesses. b. Given the following information for SAMAR Company, answer the following questions: Selling price (per unit) Number of units sold Variable cost (per unit) Fixed cost i.Calculate contribution margin ratio ii.Find Breakeven Point in amount iii.Find Breakeven Point in units 240 R.O 700 R.O 130 R.O 560,000 R.O