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- Ivanhoe Trivia Co. manufactures and sells two trivia products, the Square Trivia Game and the Round Trivia Game. Last quarter's operating profits, by product, and for the company as a whole, were as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Square $12,800 $6,670 4,980 2,930 3,740 2,810 4,200 $5,010 $(460) 7,820 Round Operating income without round $ Total $19,470 7,910 11,560 7,010 $4,550 Forty percent of the Round Game's fixed costs could have been avoided if the game had not been produced or sold. If the Round Game had been discontinued before the last quarter, what would operating income have been for the company as a whole?Ivanhoe Trivia Co. manufactures and sells two trivia products, the Square Trivia Game and the Round Trivia Game. Last quarter’s operating profits, by product, and for the company as a whole, were as follows: Square Round Total Sales revenue $12,800 $6,670 $19,470 Variable expenses 4,980 2,930 7,910 Contribution margin 7,820 3,740 11,560 Fixed expenses 2,810 4,200 7,010 Operating income $ 5,010 $(460 ) $ 4,550 Forty percent of the Round Game’s fixed costs could have been avoided if the game had not been produced or sold.If the Round Game had been discontinued before the last quarter, what would operating income have been for the company as a whole? Operating income without round $ _______Kingsbury Manufacturing has net sales revenue of $800,000, cost of goods sold of $343,600, and all other expenses of $327,800. The net profit margin is: Multiple Choice 0.37 0.16 0.57 0.84 < Prev Next im 39 of 50
- Oriole Corporation's Ambulance division reported net operating profits of $1516000 during the year. The division absorbed common fixed corporate expenses of $916000. The division's segment margin is O $2432000. O $600000. O $916000. O $(600000).Kingsbury Manufacturing has net sales revenue of $940,000, cost of goods sold of $346,400, and all other expenses of $329,200. The net profit margin is: Multiple Choice 0.76 0.72 0.63 0.28Tyler Company has the following information pertaining to its two product lines for last year: Variable selling and admin. expenses Direct fixed expenses Sales Direct fixed selling and admin. expenses Variable expenses Operating income Common expenses are $105,000 for the year. What is the income for Tyler Company? $102,500 $120,500 $99,000 $101,000 Product A $38,000 19,500 250,000 38,000 42,000 $112,500 " Product B $31,000 34,500 210,000 22,000 31,000 $91,500
- YKQOUC251 Corporation has two departments, Toys and Candy. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution Margin Fixed Expenses Net operating income (loss) Total Candy. $4,200,000 $3,000,000 $1,200,000 2,000,000 1,500,000 500,000 2,200,000 1,500,000 700,000 2,200,000 1,300,000 900,000 200,000 (200,000) 0 Department Toys A YKQOUC251's study indicates that $300,000 of the fixed expenses being charged to the Candy Department are sunk costs or allocated costs that will continue even if the Cand is dropped. In addition, the elimination of the Candy Department will result in a 20% decrease in the sales of the Toys Department. Q: If the Candy Department is dropped, what will be the effect on the net operating income of the YKQOUC251 Corporation as a whole?Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format incomestatement for a recent month for the two games appears below:Claimjumper Makeover TotalSales ............................................ $30,000 $70,000 $100,000Variable expenses ...................... 20,000 50,000 70,000Contribution margin ..................... $10,000 $20,000 30,000Fixed expenses .......................... 24,000Net operating income .................. $ 6,000Required:1. Compute the overall contribution margin (CM) ratio for the company.2. Compute the overall break-even point for the company in sales dollars.3. Verify the overall break-even point for the company by constructing a contribution format incomestatement showing the appropriate levels of sales for the two products.GIGO Computers has two divisions that manufacture computing devices. Below are the results from last year. Sales Revenue Variable Cost of Goods Sold Fixed Cost of Goods Sold Gross Profit Laptop Tablet Total $ 14,500,000.00 $ 36,000,000.00 $ 50,500,000.00 $9,500,000.00 $ 23,400,000.00 $ 32,900,000.00 $ 1,400,000.00 $ 1,880,000.00 $ 3,280,000.00 3,600,000.00 $ 10,720,000.00 $ 14,320,000.00 1,850,000.00 $ 5,760,000.00 $ 7,610,000.00 840,000.00 $ 1,740,000.00 1,300,000.00 $ 2,500,000.00 2,820,000.00 $ 2,470,000.00 Variable Operating Expenses $ bed Operating Expenses $ Common Fixed Costs $ Operating Income -$ 900,000.00 $ 1,200,000.00 $ 350,000.00 $ G MED Meng Wanzhou, the President of GIGO is not happy that the laptop division is losing money. a) Prepare a segment margin income statement. Fixed cost of goods sold, and fixed operating expenses can be traced to each division. (6 marks) b) Should Meng keep or close the laptop division? (1 mark)
- Pedaci Corporation produces and sells a single product. Data concerning that product appear below: Assume the company's monthly target profit is $15,000. The unit sales to attain that target profit is closest to: 3,212B. 5,265C. 8,235D. 5,571 Assume the company's monthly target profit is $17,000. The dollar sales to attain that target profit is closest to: $387,392B. $635,069C. $671,925D. $993,313Carlos's Bike Company produces two lines of cycles, Trikes and Bikes. At the end of last year, the income statement was as follows: Trikes $135,000 102,250 32,750 15,000 20,000 $(2,250) Sales revenue Variable expenses Contribution margin Direct expenses Allocated expenses Segment margin What was the company's total operating income? O $29,750 O $25,250 O $2,250 O $27,500 Bikes $250,000 162.500 87,500 35,000 25,000 $27,500PDF Advisory and Tax Services provides primarily two lines of service: Advisory and Tax. Advisory services represent 0.60 of its revenue and provide a contribution margin ratio of 0.30 Tax services represent 0.40 of its revenue and provide a 0.40 contribution margin ratio. The company’s fixed costs are $4,250,000. Required Compute the weighted average contribution margin ratio. Compute the total revenue required to break even. Calculate the revenue from each type of service that the company must achieve to break even.