Whirly has the following information for 2015. They sell Flying Carpets.SalesContribution MarginNet Income1. Complete a table for Whirly.Total$400,000$150,000$15,000CVP and BEPQuantity10,000 Flying CarpetsPer UnitRatio ToSales 2. What is the variable cost per unit?3. What is the sales price per unit?4. Determine CM per unit and CM Ratio.5. Determine the Break-Even-Point in Quantity and Sales Dollars.TotalQuantityPer UnitRatio ToSales☐☐☐☐☐

The break even sales are the sales where business earns no profit no loss during the period. The…

Answered: Whirly has the following information…

Whirly has the following information for 2015. They sell Flying Carpets. Sales Contribution Margin Net Income 1. Complete a table for Whirly. $400,000 $150,000 $15,000 10,000 Flying Carpets

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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igmeniMalh.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Show Me How Print Item eBook Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). million b. What is McDonald's contribution margin ratio? Round to one decimal place. % c. How much would operating income increase if same-store sales increased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the nearest…
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Need detail explanation Test your template for 15,000 units sales volume to see if you get the same income as stated above ** attached image
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