Loega Plc Ltd. sells rocks in Utah. They have supplied the following data:• Units sold: 3,296• Sales revenue: $4,511,592• Variable manufacturing expense: $2,164,549• Fixed manufacturing expense: $1,205,943• Variable selling and administrative expense: $435,645• Fixed selling and administrative expense: $300,051⚫ Net operating income: $405,404Loega's contribution margin ratio is closest to:Select one:O A. 42.4%O B. 9.0%OC. 25.3%O D. 83.7%O E. 66.6%13

Step 1: Calculation of contribution margin ratio.Total variable costs = Variable manufacturing…

Answered: Loega Plc Ltd. sells rocks in Utah.…

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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Shanita Pte Ltd. sells deodorants in Tunisia. They have supplied the following data: Units sold: 3,412 Sales revenue: $5,545,907 Variable manufacturing expense: $2,142,205 Fixed manufacturing expense: $1,007,771 Variable selling and administrative expense: $470,035 Fixed selling and administrative expense: $375,728 Net operating income: $1,550,168 Shanita's contribution margin ratio is closest to: Select one: A. 43.2% B. 28.0% C. 52.9% D. 84.7% E. 75.1%
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: 230,000 $ 934,000 $285,000 $286,000 $ 135,300 $ 84,000 $ 143,700 ○ 38.9% 15.4% ○ 69.4% ○ 55.0%
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: NOTE: The answer is in percentage form, write in this format: 25 NOT 25%. 220,000 $924,000 $297,000 $280,000 $165,000 $82,000 $100,000
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 240,000 Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 944,000 $ 225,000 $ 292,000 $ 105,400 $ 86,000 $ 235,600 The company's contribution margin ratio is closest to:
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立

A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $2.00 per unit $0.32 per unit O $4.30 per unit 235,000 $1,010,500 $ 416,000 $ 275,000 $ 54,000 $ 215,000 $ 50,500 $2.30 per unit
Shock Company manufactures electronic equipment. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $ 450 100.00 Variable costs 232 51.56 Unit contribution margin $ 218 48.44 Assume that Shock Company is currently selling 580 products per month and monthly fixed costs are $79,600. Shock Company's operating income (πB) is calculated to be:
Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows: Alanson Boyne Conway Total Sales revenue $1,280 $185 $330 $1,795 Less: Variable expenses 1,115 45 264 1,424 Contribution margin $165 $140 $66 $371 Less direct fixed expenses: Depreciation 50 15 11 76 Salaries 95 85 116 296 Segment margin $20 $40 $(61) $-1 Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold. Assume that each of the three products has a different supervisor whose position would remain if the associated product were dropped. Required: CONCEPTUAL CONNECTION: Estimate the impact on profit that would result from dropping Conway. Enter amount in full, rather than in thousands. For example, "15000" rather than "15".
The XYZ Company produces and sells two products: The Riffs and The Raffs. Below is revenue and cost information to facilitate the development of a basic segmented income statement. Product Riffs Raffs Sales Price per unit $8.00 6.00 Variable Cost per unit $3.20 3.00 Traceable Fixed Costs $62,000 $44,000 It is expected that the company will incur $21,000 of common fixed expenses and unit sales are expected to be 12,000 of Riffs and 18,000 of Raffs. Required: Construct a Contribution Format Income Statement segmented by product line and company total.
The following information is for LaPlanche Industries Inc.: East West Sales volume (units): Product XX 45,000 38,000 Product YY 60,000 50,000 Sales price: Product XX $700 $660 Product YY $728 $720 Variable cost per unit: Product XX $336 $336 Product YY $360 $360 a. Determine the contribution margin for the Product YY.$ b. Determine the contribution margin for the West Region.
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 260,000 $ 1,118,000 Variable manufacturing expense $ 429,000 Fixed manufacturing expense $ 288,000 $ 91,000 Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 228,000 $82,000 What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $4.30 per unit $0.32 per unit h
Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units) Variable expenses $ 180,000 108.000 72,000 62,400 9,600 Contribution margin Fixed expenses Net operating income 15. What is the contribution margin ratio for Kelchner Corporation? %24

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