Homework Answers
Fill missing amount
| Sales revenue | Variable expense | Total contribution margin | Fixed expense | Net income | Break even sales revenue | |
| 1. | 100000*100/25 = 400000 | 100000 | 400000-100000 = 300000 | 75000 | 300000-75000 = 225000 | 100000 |
| 2 | 235000 | 235000-50000 = 185000 | 50000 | 50000 | 0 | 235000 |
| 3 | 150000+300000 = 450000 | 150000 | 300000 | 300000-220000 = 80000 | 220000 | 80000/.6667 = 120000 |
| 4 | 50000 | 12500 | 50000-12500 = 37500 | 37500-21000 = 16500 | 21000 | 16500/0.75 = 22000 |
a) Contribution margin ratio = 75000/100000 = 75%; Variable ratio = 100-75 = 25%
b) Sales revenue and break even sales is equal then fixed is equal to total contribution margin
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Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data...
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data...
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round Intermediate calculations. Total Sales Revenue Variable Expenses Fixed Expenses Contribution Margin Break Even Sales Net Income $ 97,000 77,600 97.000 220,000 220,000 47.000 345,000 138,000 15,000 190,000 20,700 60,000
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data...
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 91,000 72,800 $ 91,000 190,000 190,000 41,000 340,000 136,000 15,000 180,000 20,100 60,000
Help Save & Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Che Fill...
Help Save & Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Che Fill in the missing data for each of the following independent cases (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank.be certain to enter"" wherever required.) Skoped Sales Revenue Variable danse Total Contribution Margin Fixed Expenses Not Income B reak Even Sales Revenue S 83 000 150 000 66,4001 33,000 210.000 3.000 150.000 126 000 11.000 55.000 160 000 19,300
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of...
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for cach case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net...
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of...
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for cach case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net...
Exercise 2-11 (Static) Missing Data; Basic CVP Concepts [LO2-1, LO2-9] Fill in the missing amounts in...
Exercise 2-11 (Static) Missing Data; Basic CVP Concepts [LO2-1, LO2-9] Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume...
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Fill...
Fill in the missing data for each of the following independent
cases. (Ignore income taxes.)
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 1. $ 96,000 76,800 $ 96,000 215,000 215,000 46,000 270,000 180,000 10,000 210,000 20,600 50,000
342 Chapter 7 Cost-Volume-Profit Analysis Exercises All applicable Exercises are available with McGraw-Hill's Connect Accounting. Cornect...
342 Chapter 7 Cost-Volume-Profit Analysis Exercises All applicable Exercises are available with McGraw-Hill's Connect Accounting. Cornect JACCOUNTING Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 1,2) Fill in the missing data for each of the following independent cases. Sales Variable Total Fixed Operating Income Break-Even Sales Revenue Revenue Expenses Contribution Margin Expenses 1. $40,000 ? $30,000 ? $40,000 $ 80,000 ? $15,000 80,000 3. 40,000 80,000 $50,000 38,000 ? 4. 110,000 22,000 ? Exercise 7-24 Pizza Delivery Business, Basic...
342 Chapter 7 Cost-Volume-Profit Analysis All applicable Exercises are available with McGraw-Hill's Connect Accounting C C...
342 Chapter 7 Cost-Volume-Profit Analysis All applicable Exercises are available with McGraw-Hill's Connect Accounting C C CL ACCOUNTING Exercises Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 1,2) Fill in the missing data for each of the following independent cases. Sales Revenue Total Contribution Margin Operating Income - Not Variable Expenses $40,000 ? 40,000 22,000 Fixed Expenses $30,000 ? $ 80,000 Break-Even Sales Revenue $40,000 80,000 $15,000 80,000 ? $50,000 38,000 ? 110,000 ? Exercise 7-24 Pizza Delivery Business...
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do...
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 66,400 83,000 150,000 150,000 83,000 117,000 126,000 11,000 33,000 210,000 160,000 19,300 55,000
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round Intermediate calculations. Total Sales Revenue Variable Expenses Fixed Expenses Contribution Margin Break Even Sales Net Income $ 97,000 77,600 97.000 220,000 220,000 47.000 345,000 138,000 15,000 190,000 20,700 60,000
Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 91,000 72,800 $ 91,000 190,000 190,000 41,000 340,000 136,000 15,000 180,000 20,100 60,000
Help Save & Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Che Fill in the missing data for each of the following independent cases (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank.be certain to enter"" wherever required.) Skoped Sales Revenue Variable danse Total Contribution Margin Fixed Expenses Not Income B reak Even Sales Revenue S 83 000 150 000 66,4001 33,000 210.000 3.000 150.000 126 000 11.000 55.000 160 000 19,300
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for cach case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net...
EXERCISE 5-11 Missing Data; Basic CVP Concepts L05-10.LO5-9 Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for cach case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net...
Exercise 2-11 (Static) Missing Data; Basic CVP Concepts [LO2-1, LO2-9] Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume...
Fill in the missing data for each of the following independent
cases. (Ignore income taxes.)
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 1. $ 96,000 76,800 $ 96,000 215,000 215,000 46,000 270,000 180,000 10,000 210,000 20,600 50,000
342 Chapter 7 Cost-Volume-Profit Analysis Exercises All applicable Exercises are available with McGraw-Hill's Connect Accounting. Cornect JACCOUNTING Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 1,2) Fill in the missing data for each of the following independent cases. Sales Variable Total Fixed Operating Income Break-Even Sales Revenue Revenue Expenses Contribution Margin Expenses 1. $40,000 ? $30,000 ? $40,000 $ 80,000 ? $15,000 80,000 3. 40,000 80,000 $50,000 38,000 ? 4. 110,000 22,000 ? Exercise 7-24 Pizza Delivery Business, Basic...
342 Chapter 7 Cost-Volume-Profit Analysis All applicable Exercises are available with McGraw-Hill's Connect Accounting C C CL ACCOUNTING Exercises Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 1,2) Fill in the missing data for each of the following independent cases. Sales Revenue Total Contribution Margin Operating Income - Not Variable Expenses $40,000 ? 40,000 22,000 Fixed Expenses $30,000 ? $ 80,000 Break-Even Sales Revenue $40,000 80,000 $15,000 80,000 ? $50,000 38,000 ? 110,000 ? Exercise 7-24 Pizza Delivery Business...
Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses Net Income Break-Even Sales Revenue 66,400 83,000 150,000 150,000 83,000 117,000 126,000 11,000 33,000 210,000 160,000 19,300 55,000
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