Question 1 of 4 < > Required sales $ -/1 ||| View Policies Current Attempt in Progress For Sheridan Company, variable costs are 67% of sales, and fixed costs are $195,000. Management's net income goal is $93,750. Compute the required sales in dollars needed to achieve management's target net income of $93,750. (Use the contribution margin approach.) :
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- Product Blue Product Red £ £ Selling £12.00 £24 variable cost £4.00 £8 contribution margin £ 8.00 £16Fixed costs apportioned £200,000 £400,000 Budgeted Sales Units 140,000 60,000 a.Calculate the breakeven points, for each product and the company as a whole and comment on your findings. b. Discuss the merits and demerits of the cost volume profit analysis (CVP)es Bloom Company management predicts that it will incur fixed costs of $259,000 and earn pretax income of $493,100 in the next period. Its expected contribution margin ratio is 69%. Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of total dollar sales. Dollar Sales Choose Numerator: Choose Denominator: * Heimil = Total Dollar Sales Total dollar sales = Required 2 >20 Sales Contribution margin Fixed costs (1) Compute the degree of operating leverage (DOL) for each company. (2) Which company is expected to produce a greater percent increase in income from a 10% increase in sales? Required 1 Required 2 $ 7,825,600 6,375,600 4,989,600 Complete this question by entering your answers in the tabs below. Skittles's DOL Starburst's DOL Compute the degree of operating leverage (DOL) for each company. Degree of Operating Leverage $ Contribution margin $ Numerator: $ 3,828,000 1,428,000 918,000 Answer is complete but not entirely correct. 6,375,600 1,428,000 I $ 1 $ Denominator: Income II 2,910,000 = = 2,836,000 = Ratio Degree of Operating Leverage 2.25 0.49
- We sell two products: Product #1 Product #2 Total Sales $200,000 $400,000 $600,000| Variable Expenses 120,000 350,000 470,000 Contribution Margin 80,000 50,000 130,000 CM Ratio 40% 12.5% 21.67% Fixed Expenses total $30,000. What is the breakeven point based on the current sales mix? A. $600,000 B. $75,000 C. $138,440 D. $240,000 4.'C QUESTION 8 Sales revenue (30,000 units) Variable costs Contribution margin Fixed costs Operating income At the breakeven point: Sales are equal to total fixed costs. Contribution margin in equal to sales. Contribution margin is equal to total fixed costs. O Sales are equal to total variable costs. Click Save and Submit to save and submit. Click Save All Answers to save all answers. * 구 $ G # % Total $750,000 450,000 300,000 150,000 $150,000 MacBook Pro ^ Per unit 25 15 ? &QUESTION 19 Total Sales revenue (30,000 units) $750,000 Variable costs 450,000 Contribution margin 300,000 ? Fixed costs 150,000 Operating income $150,000 Now assume that this company's selling price per unit and variable cost per unit stay the same while total fixed costs increases by $100,000 per year. This company's breakeven point will: O increase O decrease O remain the same Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro * C # G ff. % )) & Per unit 25 15
- Question 2 Style photo sells only one product. The statement of comprehensive income for 2021 is provided below: Sales 60,000 Less variable expenses -30,000 Contribution margini 30,000 Less fixed expenses -22,500 Net income 7,500 Required: Calculate with workings: a. The contribution margin ratio in percentage. b. Three breakeven point in total sales ringgits.ions --/1 Question 12 ences View Policies orations Current Attempt in Progress PLUS Support Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $39, direct labor $28, variable manufacturing overhead $12, fixed manufacturing overhead $40, variable selling and administrative expenses $13, and fixed selling and administrative expenses $28. Its desired ROI per unit is $28.80. Compute its markup percentage using a total- cost approach. (Round answer to 2 decimal places, e-g. 10.50 %.) Central ce 365 ges Zza Markup percentage 8:46 PM शी 11/18/2019 hp ins prt sc ho ll 12 home end m to 44 delete backspace lock 7 homeQuestion Content Area If sales are $808,000, variable costs are 74% of sales, and operating income is $266,000, the contribution margin ratio is a. 74% b. 30% c. 70% d. 26%
- point for each or products? ECTIVE 1 2 45 Exercise 7-50 Break-Even Units, Contribution Margin Ratio, Multiple-Product Break-even, Margin of Safety, Degree of Operating Leverage Jellico Inc's projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $11,700,000 Total variable cost 8,190,000 Contribution margin $ 3,510,000 Total fixed cost 2,254,200 Operating income $ 1,255,800 Required: 1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c) contribution margin ratio, (d) break-even point in units, and (e) break-even point in sales dollars. 2. How many units must be sold to earn operating income of $296,400? 3. Compute the additional operating income that Jellico would earn if sales were $50,000 more than expected. 4. For the projected level of sales, compute the margin of safety in units, and then in sales dollars. 5. Compute the degree of operating leverage. (Note: Round answer to two decimal places.) 6. Compute…Variable costing income statement and contribution margin analysis for a service company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour 120 135 Credit hours 60,450 43,200 Registration, records, and marketing cost per enrolled student 275 275 Instructional costs per credit hour 64 60 Depreciation on classrooms and equipment 825,600 825,600 Registration, records, and marketing costs vary by the number of enrolled .students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. A. Prepare a variable costing income statement showing the contribution margin and income from operations for the Fall term. B. Prepare a contribution margin analysis report comparing planned with actual performance for the Fall term.Exercise 9: You are given the following data: Fixed expenses OMR. 4,000 Break-even point OMR. 10,000 Calculate-- (i) P/V ratio (ii) Profit when sales are OMR. 20,000 (iii) New break-even point if sales are reduced by 20% Exercise 10: Given the following information: Units of output 500,000 Fixed cost OMR 750,000 Variable cost per unit OMR 2 Selling price per unit OMR 5 You are required to determine: (i) The break-even point (ii) The sales needed for a profit of OMR 600,000 and (iii) The profit if 400,000 units are sold at OMR 6 per unit Exercise 11: The following data is given: OMR. Selling price 20 per unit Variable manufacturing costs 11 per unit Variable selling costs 3 per unit Fixed factory overheads 540,000 per year Fixed selling costs 252,000 per year You are required to compute: (i) Contribution (ii) Break-even point expressed in amount of sales in rials; (iii) Number of units that must be sold to earn a profit of OMR. 60,000 per year;…
