Tyson Company reported the following income statement information for June: Sales revenue Variable costs Fixed costs. ... $250,000 $ 27,500 $ 70,000 Currently, the sales clerks receive a fixed salary of $5,500 per month. In July, Tyson Company discontinued this fixed salary and instead paid the sales clerks a commission of 3% of sales. Tyson Company reported sales revenue of $271,000 for the month of July. Calculate Tyson Company's margin of safety for July.

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit costs: Fixed overhead per unit = 280,000/40,000 units produced = 7. Total fixed factory overhead is 280,000 per month. During October, 38,400 units were sold at a price of 24, and fixed marketing and administrative expenses were 130,500. Required: 1. Calculate the cost of each unit using absorption costing. 2. How many units remain in ending inventory? What is the cost of ending inventory using absorption costing? 3. Prepare an absorption-costing income statement for Pattison Products, Inc., for the month of October. 4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?

Use the following information for Brief Exercise: Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers and sold 8,000 coffee makers during the month of March at a total cost of 612,500. Each coffee maker sold at a price of 100. Morning Smiles also incurred two types of selling costs: commissions equal to 5% of the sales price and other selling expense of 45,000. Administrative expense totaled 47,500. 2-33 Income Statement Percentages Refer to the information for Morning Smiles Coffee Company on the previous page. Required: Prepare an income statement for Morning Smiles for the month of March and calculate the percentage of sales revenue represented by each line of the income statement. (Note: Round answers to one decimal place.)

Presented here is the income statement for Fairchild Co. for March:          Sales $ 81,500   Cost of goods sold   43,000   Gross profit $ 38,500   Operating expenses   31,000   Operating income $ 7,500     Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 34%.Required:  Rearrange the preceding income statement to the contribution margin format. Calculate operating income if sales volume increases by 10%. Calculate the amount of revenue required for Fairchild to break even.       rev: 10_17_2020_QC_CS-236193

Presented here is the income statement for Big Sky Incorporated for the month of February: Sales $ 60,000 Cost of goods sold 51,900 Gross profit $ 8, 100 Operating expenses 15,200 Operating loss $ (7,100) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 19%. Required: Rearrange the preceding income statement to the contribution margin format. If sales increase by 10%, what will be the firm's operating income (or loss)? Calculate the amount of revenue required for Big Sky to break even.

General accounting

During August, Tyson Company sold 5,400 units and reported the following income statement: Sales revenue Variable costs Fixed costs Net income $216,000 $ 70,200 $ 86,400 $ 59,400 Calculate the number of units that Tyson Company needed to sell during August in order to earn a target profit equal to 30% of sales. 5,760

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Find the correct answer general accounting

What is the net operating income on these general accounting question?