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Homework Answers
7.
Variable cost per unit = ($33,000 / 1,000) + $1 = $34
Contribution margin = ($55,000 / 1,000) - $34 = $21
Fixed cost = $14,960 + $1,450 = $16,410
Unit sales = 1,000 + 190 = 1,190
Net operating income = (1,190 X $21) - $16,410
= $8,580
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Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following...
[The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format...
[The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 55,000 Variable expenses 33,000 Contribution margin 22,000 Fixed expenses 14,960 Net operating income $ 7,040 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?
Required information The following information applies to the questions displayed below.) Oslo Company prepared the following...
Required information The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses 15,000 9,000 6, 000 3,120 2,880 Net operating income 2. What is the contribution margin ratio? in ratio Required information The following information applies to the questions displayed below] Oslo Company prepared the following...
! Required information 5 [The following information applies to the questions displayed below.) Oslo Company prepared...
! Required information 5 [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 35,000 21,000 14,000 8,400 $ 5,600 3. What is the variable expense ratio? Variable expense ratio % ! Required information (The following information applies to the questions displayed...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 55,000 Variable expenses 33,000 Contribution margin 22,000 Fixed expenses 14,960 Net operating income $ 7,040 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,450, and unit sales increase by 190 units, what would be the net operating income?
! Required information [The following information applies to the questions displayed below.) Oslo Company prepared the...
! Required information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 15,000 9,000 6,000 3,120 $ 2,880 7. If the variable cost per unit increases by $1. spending on advertising increases by $1,050, and unit sales increase by 110 units,...
Required Information [The following information applies to the questions displayed below.) Oslo Company prepared the following...
Required Information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $80,000 52,000 28,000 21,840 $ 6,160 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,700, and unit sales Increase by 240 units, what would...
Required information (The following information applies to the questions displayed below.) Oslo Company prepared the following...
Required information (The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): $ 10,000 5.500 Sales Variable expenses Contribution margin Fixed expenses Net operating income 4,500 2.250 7. If the variable cost per unit increases by $1, spending on advertising increases by $1.000, and unit sales increase by 100 units, what would be...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 40,000 26,000 14.000 8.680 $ 5,320 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information [The following information applies...
Required information [The following information applies to the questions displayed below) Oslo Company prepared the following...
Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1.500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,500 Net operating income $ 4,200 7. If the variable cost per unit increases by $ 50. spending on advertising increases by $1,000, and unit sales increase by 250 units,...
Required information (The following information applies to the questions displayed below.] Oslo Company prepared the following...
Required information (The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,000 45,500 19,500 14,840 $ 5,460 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,550, and unit sales increase by 210 units, what...
Required information The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses 15,000 9,000 6, 000 3,120 2,880 Net operating income 2. What is the contribution margin ratio? in ratio Required information The following information applies to the questions displayed below] Oslo Company prepared the following...
! Required information 5 [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 35,000 21,000 14,000 8,400 $ 5,600 3. What is the variable expense ratio? Variable expense ratio % ! Required information (The following information applies to the questions displayed...
! Required information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 15,000 9,000 6,000 3,120 $ 2,880 7. If the variable cost per unit increases by $1. spending on advertising increases by $1,050, and unit sales increase by 110 units,...
Required Information [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $80,000 52,000 28,000 21,840 $ 6,160 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,700, and unit sales Increase by 240 units, what would...
Required information (The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): $ 10,000 5.500 Sales Variable expenses Contribution margin Fixed expenses Net operating income 4,500 2.250 7. If the variable cost per unit increases by $1, spending on advertising increases by $1.000, and unit sales increase by 100 units, what would be...
(The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 40,000 26,000 14.000 8.680 $ 5,320 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit Required information [The following information applies...
Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1.500 units): Sales Variable expenses $ 26,000 14,000 Contribution margin Fixed expenses 12,000 7,500 Net operating income $ 4,200 7. If the variable cost per unit increases by $ 50. spending on advertising increases by $1,000, and unit sales increase by 250 units,...
Required information (The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 65,000 45,500 19,500 14,840 $ 5,460 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,550, and unit sales increase by 210 units, what...
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