I need requirement 4 and 5 only Menlo Company distributes a single product. The company's sales and expenses for last month follow:SalesVariable expensesContribution marginFixed expensesNet operating incomeTotal$ 312,000218,40093,60072,000$ 21,600PerUnit$ 2014$ 6Required:1. What is the monthly break-even point in unit sales and in dollar sales?2. Without resorting to computations, what is the total contribution margin at the break-even point?3-a. How many units would have to be sold each month to attain a target profit of $38,400?3-b. Verify your answer by preparing a contribution format income statement at the target sales level.4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms.5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $72,000 per month and there is nochange in fixed expenses, by how much would you expect monthly net operating income to increase?

MARGIN OF SAFETYSales Above the Break-Even Point is called Margin of Safety Sales.Margin of Safety…

Answered: Menlo Company distributes a single…

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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A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?
what is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)
Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723
The CVP income statement for Jen Company for 2022 appears below: Jen COMPANY CVP Income Statement For the Year Ended December 31, 2022 Sales (25,000 units) $650,000 Variable expenses 227,500 Contribution margin 422,500 Fixed expenses 456,300 Net income (loss) $(33,800) Instructions: Answer the following independent questions and show computations to support your answers: A) How much additional sales revenue does the company need to break even in 2022? B) If the company is able to reduce variable costs by $1.20 per unit in 2023 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net income of $68,000?
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses. Contribution margin Fixed expenses Net operating income Total $ 624,000 436,800 187,200 146,400 $ 40,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Req 1 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $61,200? Req 2 Per Unit 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $64,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? $ 40 28 $ 12 Complete this…
Menlo Company manufactures and sells a single product. The company’s revenue andexpenses for the last quarter follow:Total Per UnitRevenue £ 450,000 £ 30Less variable cost 180,000 12Contribution margin 270,000 18Less fixed cost 216,000Profit £ 54,000Required(a) What is the quarterly break-even point in units sold and in revenue? (b) Without resorting to computations, what is the total contribution margin at thebreak-even point? (c) How many units would have to be sold each quarter to earn a target profit of£90,000? Use the unit contribution method. Verify your answer by preparing acontribution statement of profit or loss at the target level of revenue. A,B,C - has been answered - https://www.bartleby.com/questions-and-answers/menlo-company-manufactures-and-sells-a-single-product.-the-companys-revenue-and-expenses-for-the-las/6745038f-6bd1-4eb7-9f65-ce799a62eeb2 I need : (d) Refer to the original data. Compute the company’s margin of safety in both poundand percentage terms. (e) What…
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 190.00 $ 94.50 $ 438,790 The unit sales to attain the company's monthly target profit of $25,000 is closest to: (Do not round intermediate calculations.)
A company has provided the following details for a month: Estimated Sales Units 16,500 Variable Selling and Administrative Expense per Unit $4.00 Fixed Selling and Administrative Expenses $95,000 Depreciation Expense included in Fixed Selling and Administrative Expense $27,000 How much is expected cash disbursements for selling and administrative expenses?
A company sells one product and its contribution margin ratio is 20%. The company provides the following data regarding their operation: Current sales revenue Expected sales revenue next year Expected increase in net operating income next year $2,760,000 $2,870,400 20% Assuming that there is no change in total fixed expenses, what is the net operating income for the current year? Answer: $(Click to select)
Menlo Company manufactures and sells a single product. The company’s revenue andexpenses for the last quarter follow: Total Per UnitRevenue £ 450,000 £ 30Less variable cost 180,000 12Contribution margin 270,000 18Less fixed cost 216,000Profit £ 54,000 Required:(a) What is the quarterly break-even point in units sold and in revenue? (b) Without resorting to computations, what is the total contribution margin at the break-even point? (c) How many units would have to be sold each quarter to earn a target profit of £90,000? Use the unit contribution method. Verify your answer by preparing a contribution statement of profit or loss at the target level of revenue.
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Break-even point in unit sales: Percentage sex 25% 25% 100% Break-even point in sales dollars: Total Fixed expenses. Weighted-average CM per unit Sinks 48% Product Mirrors 20% $264,000 100.00% $110,000 100.00% $176,000 100.00% $550,000 100.00% 80,000 30.30% 72,000 65.45% 82,000 46.59% 219,300 39.87% 53.41% 60.13% $184,000 $ 94,000 330,700 69.70% 38,000 34.55% S 76.00 $ 184.00 $ 188.00 Fixed expenses Overall CM ratio $293,300 $158.00 Vanities 32% $293,300 0.60 1,856.33 units Total 100% 293,300 $ 37,400 = $487,798.61 *($184.00 0.50) + ($76.00 x…
Wesley Company manufactures and sells a single product. The company's income statement at sales level of 25,500 units for last quarter follows: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $1,020,000 714,000 106,000 249,084 56,916 Required: 1. What is the monthly break-even point in units sold and in sales dollars? (Round your Intermediate calculations and final answers to the nearest whole number.) Break-even point in units sold Break-even point in sales dollars Break even Point

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