a. Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 40%, sales were $34,800,000, and fixed costs were $1,500,000, what was the operating income?
Q: Beginning of year operating assets $3,220,000 End of year operating assets 3,020,000…
A: GIVEN Wildhorse Corp. reported the following: Beginning of year operating assets…
Q: . Young Company budgets sales of $830,000, fixed costs of $14,900, and variable costs of $66,400.…
A: For Part a.Contribution Margin Ratio = Sales - Variable costsSalesFor Part b.Income from Operations…
Q: Hudson Company reports the following contribution margin income statement. HUDSON COMPANY…
A: Solution 1: Degree of operating leverage = Contribution margin / Income Contribution margin =…
Q: a. Young Company budgets sales of $1,040,000, fixed costs of $53,800, and variable costs of…
A: Contribution margin refers to the amount that the company earned from selling goods more than its…
Q: Westerville Company reported the following results from last year’s operations: Sales $…
A: = Residual income =Operating income– { Avg. operating assets x required rate of return (ROI)}…
Q: Last month when Holiday Creations, Incorporated, sold 41,000 units, total sales were $164,000, total…
A: Formula: Contribution margin ratio = ( Contribution margin / Sales ) x 100
Q: Last period Hartig Corporation sold 40.000 units, total sales were $303,000, total variable expenses…
A: Contribution margin ratio = Contribution margin / Sales where, Contribution margin = Sales -…
Q: Young Company budgets sales of $1,210,000, fixed costs of $68,100, and variable costsof $302,500.…
A: Contribution margin ratio (%)=Contribution marginBudgeted sales×100
Q: A company with a break-even point at $900,000 in sales revenue and had fixed costs of $225,000. When…
A: Margin of safety: It is the sale over and above break even point. Profit is earned on this sale.…
Q: Contribution Margin Ratio a. Imelda Company budgets sales of $1,080,000, fixed costs of $82,600, and…
A: Contribution margin = $1,080,000 - $367,200 = $712,800
Q: Last month when Holiday Creations, Incorporated, sold 41.000 units, total sales were $164,000, total…
A: Formula: Contribution margin ratio = ( Contribution margin / Total sales ) x 100
Q: A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000,…
A: Operating profit can be defined as the profit that is earned from the day-to-day operations.
Q: a. Young Company budgets sales of $1,120,000, fixed costs of $55,400, and variable costs of…
A: Contribution margin = sales - variable costs = $1120000-246400 = $873,600
Q: For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's…
A: Net income = Contribution - Fixed costs $99,000 = Contribution - $193,000…
Q: Westerville Company reported the following results from last year's operations: Sales Variable…
A: Net operating income=Contribution-Fixed cost=$420,000×70%-$252,000=$42,000
Q: Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of…
A: Determine the contribution margin ratio for Young Company.
Q: Given below are two independent scenarios: a. Dream Co. has budgeted sales of $500,000, fixed…
A: Contribution margin = budgeted sales - variable costs = $500,000 - $375,000 = $125,000
Q: Westerville Company reported the following results from last year's open Sales Variable expenses…
A: Turnover = Sales/Average operating assets
Q: A firm operated at 80% of capacity for the past year, during which fixed costs were $190,000,…
A: Operating profit: Operating profits are the profits earned out of the core business operation. Any…
Q: For Blossom Company, variable costs are 70% of sales, and fixed costs are $182,000. Management's net…
A: The Break-even point is the point where the company is able to cover all its costs but does not make…
Q: For the current year, Power Cords Corp. expected to sell 40,400 industrial power cords. Fixed costs…
A: Margin of safety % = [current sales units - Break even sales units]/Current sales in Units
Q: Contribution Margin Ratio a. Young Company budgets sales of $900,000, fixed costs of $44,600, and…
A: The contribution margin is computed by subtracting the variable cost from the sale revenue. The…
Q: Company XYZ made total sales revenue of $300,000. The variable manufacturing costs were $95,000…
A: Contribution = selling price - variable cost
Q: a. Young Company budgets sales of $1,100,000, fixed costs of $37,100, and variable costs of…
A: Contribution margin: Difference between the sales and the variable costs is called contribution…
Q: Hudson Company reports the following contribution margin income statement. HUDSON COMPANY…
A: Decrease in sales ( units ) = 9,600 units x 5% = 480 units New sales ( units ) = 9,600 units - 480…
Q: Company XYZ made total sales revenue of $400,000. The variable manufacturing costs were $115,000…
A: Contribution Margin is difference between net product revenue and variable expenses. It is used to…
Q: Your Company consists of two divisions, A and B. Your Company reported a contribution margin of…
A: Formula: Contribution margin = sales - variable cost Deduction of variable cost from sales derives…
Q: Contribution Margin Ratio a. Imelda Company budgets sales of $1,800,000, fixed costs of $394,000,…
A: Contribution margin = Budgets sales - variable costs = $1,800,000 - $1,116,000 = $684,000
Q: firm operated at 80% of capacity for the past year, during which fixed costs were $201,000, variable…
A: The contribution margin is calculated as difference between sales and variable costs. The operating…
Q: Channing Company has two divisions, S and T. The company's overall contribution margin ratio is 30%…
A: If Contribution margin ratio = 25% Then variable cost = 100-25 = 75%
Q: A firm operated at 80% of capacity for the past year, during which fixed costs were $190,000,…
A: Variable Income Statement - Variable Costing Income Statement shows Sales - Variable Cost =…
Q: a. Yountz Company budgets sales of $1,130,000, fixed costs of $68,600, and variable costs of…
A: A.) Given : Sales-1,130,000 Variable costs- $305,100 Contribution Margin= Sales - Variable Costs…
Q: Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of…
A: Formula: Contribution margin = Sales - variable cost
Q: Contribution Margin Ratio a. Young Company budgets sales of $950,000, fixed costs of $55,600, and…
A: a. Calculation of contribution margin ratio: Therefore, the contribution margin ratio is 74%.…
Q: The contribution format income statement for Huerra Company for last year is given below:…
A: ROI formula in terms of Margin &Turnover is as follows --…
Q: Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total…
A: The calculation of contribution margin has been made as follows: Contribution margin=Sales-Variable…
Q: Below is an income statement for Howell Company: Sales $600,000 Variable costs (150,000)…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: The contribution format income statement for Huerra Company for last year is given below:…
A: Margin = Net operating income (NOI ) / Sales Turnover = ( Sales / Operating assets ) ROI = NOI /…
Q: Bernoulli's business budget included sales of $350 000 and fixed costs of $52 600. If the total…
A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…
Q: Westerville Company reported the following results from last year’s operations: Sales $…
A:
Q: Contribution Margin Ratio a. Young Company budgets sales of $1,030,000, fixed costs of $23,200, and…
A: Contribution Margin: Contribution Margin refers to the margin of profit expected by the company. The…
Q: The following information applies to the questions displayed below.] Westerville Company…
A: Margin is calculated by dividing the net operating profits by the total sales.
Q: Contribution Margin Ratio a. Imelda Company budgets sales of S1,800,000, fixed costs of $394,000,…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Information concerning a company's products is as follows: Sales, $300,000; Variable costs,…
A: Answer) Calculation of Net Operating Income if Sales is $ 375,000 Net operating Income = (Sales X…
Q: Jovovich Corporation produced and sold 80,000 units and reported sales of $4,000,000 during the past…
A: Solution: Contribution margin = Sales - variable costs = 4000000 - 2800000 = $1,200,000
Q: Westerville Company reported the following results from last year’s operations: Sales $…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: The following is last month's contribution format income statement: Total Sales (12,000) $300,000…
A: The Numerical has covered the concept of Margin of Safety. The margin of safety is defined as the…
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- ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales dollars was Oa. $778,800 Ob. $3,115,200 Oc. $7,009,200 Od. $4,672,800ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A F Variable costs as a percentage of sales for Lemon Inc. are 72%, current sales are $610,000. and fixed costs are $191,000. How much will income from operations change if sales increase by $48,900? Oa. $13,692 decrease Ob. $13,692 increase Oc. $35,208 decrease. Od. $35,208 increase D Q 10+* CengageNOWw2| Online teachi M (no subject)- morganmcgrew4@ X n/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress3false Update eBook Show Me How 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 $37,300 Food and packaging $(13,431) Рayroll (9,400) Occupancy (rent, depreciation, etc.) (7,949) General, selling, and administrative expenses (5,400) $(36,180) $1,120 Operating income 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 million. (Give answer in millions of dollars.) 24 12,309 million b. What is McDonald's contribution margin ratio? 33 C. How much would operating income increase if same-store sales increased by $2,200 million for the coming year, with no change in the…
- Jilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How Contribution Margin Ratio a. Young Company budgets sales of $1,280,000, fixed costs of $66,200, and variable costs of $294,400. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 52%, sales were $682,000, and fixed costs were $262,430, what was the operating income? Check My Work 2 more Check My Work uses remaining, B Previous NextengageNOWv2 |Online teachin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inpro... to 田 Accepting Business at a Special Price Power Serve Company expects to operate at 90% of productive capacity during May. The total manufacturing costs for May for the production of 35,100 batteries are budgeted as follows: Direct materials $334,200 Direct labor 122,900 Variable factory overhead 34,300 Fixed factory overhead 69,000 Total manufacturing costs $560,400 The cor pany has an opportunity to submit a bid for 2,000 batteries to be delivered by May 31 to a government agency. If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during May or increase the selling or administrative expenses. What is the unit cost below which Power Serve Company should not go in bidding on the government contract? Round your answer to two decimal places. per unitHRM ASSIGNMENT- MBA II SEM POF Entrepreneurship_MBA II Sem.pd x PDE Financial Management - MBA II X O File | C:/Users/ANIKET%20PATWA/Downloads/Financial%20Management%20-%20MBA%2011%20Sem%20.pdf (D Page view A Read aloud V Draw E Highlight 1 of 2 ++ Erase Profit Rs.10,000 Variable Cost 70% 4. The comparative statement of two companies, namely Radha Co. Ltd and Mohan Co. Ltd. given below: Particulars Radha Co. Mohan Co. Sales 400000 400000 Variable Cost 200000 200000 Contribution Calculate? Calculate? Fixed Cost 100000 EBIT Calculate? Calculate? Interest 1000 EBT Calculate? Calculate? You are required to calculate different leverages, and comment which company is better in financial terms, assuming the rate of taxes is 30% and number of shares is 6000. 5. N O 15:58 O Type here to search a 4)) ENG 25 03-05-2021 +
- The Finance S x Foundationsc X Seafood - Eat x GWakefield, Rho x My Home * CengageNOW X /takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress3-false * *: eBook Show Me How Equivalent Units of Production The Converting Department of Worley Company had 680 units in work in process at the beginning of the period, which were 40% complete. During the period, 14,400 units were completed and transferred to the Packing Department. There were 760 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Worley Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning 680 Started and complețed 13,720 13,720 V 13,720 Transferred to…ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghm Assume the following (1) contribution margin = $150,0000 (2) net operating income $15,000, and (3) sales increase by 14%. Given these three assumptions, net operating income will increase by: Multiple Choice 15 1%. 14%. 116. 140%. < Prev 15 of 50 Next 2 Search for anything> break even point - Search Bb Microsoft Word - Activities and n-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5dfaf8e708673/3382702?X-Blackboard-Expiration=165 Exercise 4: Breakeven and Target Profit: Abner Corporation makes a product that sells for $200 per unit. The variable costs to make this product are $120 per unit. Fixed costs total $500,000 for a year. Abner currently sells 7,500 units each year. 1. Calculate the number of units that Abner must sell to break even. 2. Calculate the number of units that Abner must sell to make $200,000 in profit. 3. Abner can purchase equipment that will automate its production facility. This equipment will raise Abner's fixed costs to $600,000 per year. Automation will cause the product's variable costs to drop to $100 per unit. How many units will Abner need to sell to make a $200,000 profit if the factory is automated? F4 F5 F7 F8 F9 F10 F11 F12 F6 %23 & * 6. 7 E
- CengageNOWv2 | Online teachin x + v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress... A firm operated at 80% of capacity for the past year, during which fixed costs were $194,000, variable costs were 63% of sales, and sales were $1,015,000. Income from operations was Oa. 5145,240 Ob. 5639,450 Oc. 5181,550 Od. 5375,550 8:14 5/2/20 ▬▬ غال الشات لا Op.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe D and P Indeed 6 Monster Jobs w Degree Programs O L02 A Hearn: Student Da.. 6 Consumer Center ework: Assignment 1 i Saved Perez Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Sales Percentage of Sales Year 4 Year 3 Sales 1,077,500 00S'000'L Cost of goods sold 550,275 000 Z09 Gross margin on sales 450,225 475,500 Operating expenses 130,500 149,800 319.725 325,700 Income before taxes 79.700 81,800 Income taxes 240.025 243.900 % Net incomedget and Foreca x + empt.php?attempt=2891395&cmid=866300 LA fr. A Enduring Word Bibl. My Questions | bart. Financial Aid Student Accounts Resources- Campus Store Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 $6,259 (under) Total Profit $4,444 -$4,006 $8.450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage costs? Select one: a. Food and Beverage costs do not need to be adjusted because it will balance out next week. b. Food and Beverage costs need to be reduced by purchasing cheaper products, reducing waste, and/or reducing portion size. O c. Food and Beverage costs need to be increased by purchasing higher quality…