content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis75 Tumblers Sora per monthSales RevenueLess: Variable ExpensesContribution MarginLess: Fixed ExpensesOperating IncomeTotalPer Unit$ 2,250$ 301,35018$ 900$ 12250$ 650In order to determine how much contribution margin is earned for each $1 of sales, what is the contributionmargin ratio on your tumbler sales? Round to the nearest whole number.Select an option from the choices below and click Submit.○ 29%○ 40%○ 250%Submit

Contribution Margin Ratio is calculated with the help of following formula Contribution Margin Ratio…

Answered: Sales Revenue Less: Variable Expenses…

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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The question 1 point possible Stancil Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current) revenue and 2) operating income. (Hint First, find the contribution margin ratio; then prepare the contribution margin income statement) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancif's current (1) sales revenue and (2) operating income Begin by computing the contribution margin ratio. (inter the result as a whole number) The contribution margin ratio la Question Viewer Prepare the contribution margin income statement at the calculated sales level. Stancil Drycleaners Contribution Margin Income Statement Submit t
4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: 1 Chapter 6: Applying Excel 2 3 Data 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 8 12,000 units 50 per unit 20 per unit $ $ $ 240,000
Homework Saved Help Stuart Company makes a product that sells for $33 per unit. The company pays $13 per unit for the variable costs of the product and incurs annual fixed costs of $184,000. Stuart expects to sell 22,200 units of product. Required Determine Stuart's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) Margin of safety
gnment i ces Saved Current operating income for Bay Area Cycles Company is $22,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $88,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? 2. How many additional unit sales would be necessary to achieve operating income of $65,000? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Revenue Variable expense Contribution margin Fixed expense Operating income Per Unit Volume $ 100.00 Total Ratio 100 % % 25 % $ (88,000) 22,000 Required 1 Required 2 > H
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If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. 57% O b. 29% O c. 14% O d. None of the given answers O e. 71% US PAGE NEXT PAGE 14:16 e to search a a 40) ENG 15-04-2021 prt sc end Dg up delete home %24 96 & num + backspace 8 9. lock V. P 8 A T home 5 c enter D J K pause N M T shift 11 C end alt ctrl
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Ignore first question and answer only 2
(e) Product Blue Product Red Selling $12.00 $24.00Variable cost $4.00 $8.00Contribution margin $8.00 $16.00Fixed costs apportioned $200,000 $400,00Budgeted Sales Units 140,000 60,000 Calculate the breakeven points, for each product and the company as a whole and comment on your findings f)Discuss the merits and demerits of the cost volume profit analysis (CVP)
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