Cost-Volume-Profit, Margin of Safety Abraham Company had revenues of $830,000 last year with total variable costs of $647,400 and fixed costs of $110,000. Required: 1. What is the variable cost ratio for Abraham? What is the contribution margin ratio? 2. What is the break-even point in sales revenue? 3. What was the margin of safety for Abraham last year? 4. Conceptual Connection: Abraham is considering starting a multimedia advertising campaign that is supposed to increase sales by $12,000 per year. The campaign will cost $4,500. Is the advertising campaign a good idea? Explain.

REQUIRED Answer each of the following questions independently. As far as possible use the expanded contribution margin model to present your answers. Calculate the total Contribution Margin and Operating Profit (Loss) if all 30 000 pallets are Sold.                                                                                                                                           .calculate the margin of safety (as a percentage) for 2022 Use the contribution margin ratio to calculate the sales value required to achieve an operating profit of R6 000 000.                                                                                                       Suppose an additional R300 000 is spent on advertising in order to increase the sales by 3 000 Calculate the number of pallets that need to be produced and sold to break even.                                                                                                                        Suppose the management team of…

Concord Corporation recorded operating data for its auto accessories division for the year. Sales Contribution margin Total direct fixed costs Average total operating assets $750000 12.0% 38.0% 56.0% 32.0% 250000 90000 500000 How much is ROI for the year if management is able to identify a way to improve the contribution margin by $30000, assuming fixed costs are held constant?

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As CEO of SeaSpray Marine, Rachel Souve knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When IDG Consulting proposes that SeaSpray Marine invest in an ERP system, she forms a team to evaluate the proposal: the plant engineer, the plant foreman, the systems specialist, the human resources director, the marketing director, and the management accountant. A month later, management accountant Mike Chumura reports that the team and IDG estimate that if SeaSpray Marine implements the ERP system, it will incur the following costs: i (Click the icon to view SeaSpray's anticipated project costs.) The team estimates that the ERP system should provide several benefits: i (Click the icon to view SeaSpray's anticipated project benefits.) Read the requirements. Requirement 1. If the ERP installation succeeds, what is the dollar amount of the benefits? If the ERP installation succeeds, the dollar amount of the benefits is…

Assume a retailing company has two departments-Department A and Department B. The company's most recent contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Multiple Choice O The company says that $110,000 of the fixed expenses being charged to Department B are sunk costs or allocated costs that will continue if the segment is discontinued. However, if Department B is discontinued the sales in Department A will drop by 12%. What is the financial advantage (disadvantage) of discontinuing Department B? O O O $(148,000) $(152,000) $(147,600) Total $ 800,000 320,000 $(127,600) 480,000 400,000 $ 80,000 Department A Department B $ 350,000 $ 450,000 120,000 200,000 230,000 250,000 260,000 140,000 $ 90,000 $ (10,000)

The following is yearly information on two main sources for the company profit: Row material Labor cost Unit made Demand price cost PRODUCT A $30 $100 3000 1850 250 PRODUCT B $45 $78 2500 2100 170 The fixed cost is estimated to be $1000 annually. Based on the above information find the following: 1- The company yearly profit 2- Use goal seek to find the following a. At what PRODUCT B demand both products will generate the same revenuc? b. How much they should produce from each Product A and B, to reach a profit of $500,00, if the demand of them is equal to .75 of the production and Product A should be 50% of Product B. 3- If the company will sell the same amount from Product A and Product B which represents 65% for Product A and 76% for Production B, how much they should produce from both the get profit of $750,000

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Subject :- Accounting