FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are
$116 per unit. The company expects sales of 10,000 units. Prepare a contribution margin income statement
for the year ended December 31, 2019.
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- Zachary Company makes a product that sells for $32 per unit. The company pays $23 per unit for the variable costs of the product and incurs annual fixed costs of $76,500. Zachary expects to sell 22,100 units of product. Required Determine Zachary’s margin of safety expressed as a percentagearrow_forwardEstrada Corporation produced 200,000 watches that it sold for $20 each during 2019. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,200,000 gross margin on its 2019 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin.arrow_forwardsaarrow_forward
- I need help with question is answerarrow_forwardWhirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,000 units) $ 240,000 $ 30.00 Variable expenses 152,000 19.00 Contribution margin 88,000 $ 11.00 Fixed expenses 55,000 Net operating income $ 33,000 Can you please help me solve for the following: A. What would be the revised net operating income per month if the sales volume increases by 60 units? B. What would be the revised net operating income per month if the sales volume decreases by 60 units? C. What would be the revised net operating income per month if the sales volume is 7,000 units?arrow_forward
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