The Northern Co. manufactures office chairs. The following information is available for June: Selling price per...
The Northern Co. manufactures office chairs. The following information is available for June: Selling price per chair $150 Variable cost per chair 90 Total fixed costs 99,000 If the company sells 1,500 chairs in the month of June, the margin of safety in units is _____. (Round-off the answer to the nearest whole number.)
a.-179 chairs b.-150 chairs c.-159 chairs d.-169 chairs
Homework Answers
Contribution margin=Sales-Variable cost
=150-90
=$60 per chair
Breakeven=Fixed expenses/Contribution margin
=99000/60
=1650 chairs
Margin of safety=Total sales-Breakeven sales
=1500-1650
=-150 chairs
Add Answer to:
The Northern Co. manufactures office chairs. The following
information is available for June: Selling price per...
please answer all 4 multiple choice questions In a cost-volume-profit graph, the total cost line meets...
please
answer all 4 multiple choice questions
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Corporation manufactures inexpensive office chairs. The selling price is $125 per unit, and variable costs amount...
Corporation manufactures inexpensive office chairs. The selling price is $125 per unit, and variable costs amount to $75 per unit. The fixed costs are $300,000 per month. Currently, the company is selling 8,000 chairs per month. Answer each of the following questions, rounding any units to the next higher full unit, if necessary. [The Handout on CVP relationships may help] (a) What are the contribution margin per chair and the contribution margin ratio? (b) What is the current monthly operating...
1.Nevada Company manufactures and sells office chairs in two models: Executive and Deluxe. Product information is...
1.Nevada Company manufactures and sells office chairs in two models: Executive and Deluxe. Product information is provided below. Deluxe Executive Unit selling price $150 $500 Unit variable costs 90 250 Unit contribution margin $ 60 $250 Machine hours required per unit 2 10 Nevada has 10,000 machine hours available each month for producing these two products. The demand for both products is such that Nevada can sell as...
The following monthly data are available for Crane Company which produces only one product: Selling price...
The following monthly data are available for Crane Company which produces only one product: Selling price per unit, $44; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 7000 units. How much is the margin of safety for the company for June?
Multiple Choice 49.80%. 34.10%. 36.90%. 35.90%. 90.90%. Staley Co. manufactures computer monitors. The following is a...
Multiple Choice
49.80%.
34.10%.
36.90%.
35.90%.
90.90%.
Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data Sales price Variable costs Unit contribution margin Per Unit $450 232 $218 Percent 100.00 51.56 48.44 Assume that Staley Co. is currently selling 580 computer monitors per month and monthly fixed costs are $79,600. Staley Co.'s margin of safety ratio (MOS%) if 580 units are sold would be (round intermediate calculation up to nearest whole number...
4. When the selling price per unit and variable costs per unit remain constant, if total...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
m With Password Saved Lamar has the following data: Selling price Variable manufacturing cost Fixed manufacturing...
m With Password Saved Lamar has the following data: Selling price Variable manufacturing cost Fixed manufacturing cost Variable selling & administrative costs $ Fixed selling & administrative costs 40 24 22 $189, 000 per month $159, 000 per month If Lamar produces and sells 69,000 units, what is the margin of safety in units? Multiple Choice 14,833 units. 40,000 units. < Prev 11 of 31 Next > SAMSUNG
Vista Seating Company is currently selling 3,000 oversized bean bag chairs a month at a price...
Vista Seating Company is currently selling 3,000 oversized bean
bag chairs a month at a price of $90 per chair. The variable cost
of each chair sold includes $35 to purchase the bean bag chairs
from suppliers and a $44 sales commission. Fixed costs are $11,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
Requirements 1. Prepare the company's current contribution margin income statement 2. Calculate...
Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.81...
Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.81 Variable cost per cake Ingredients 2.21 Direct labor 1.19 Overhead (box, etc.) 0.27 Fixed cost per month $ 4,765.80 Required: 1. Determine Cove’s break-even point in units and sales dollars. (Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places.) 2. Determine the bakery’s margin of safety if it currently...
Exercise 1. Fantasy Corporation manufactures a single product. The selling price is $125 per unit, and...
Exercise 1. Fantasy Corporation manufactures a single product. The selling price is $125 per unit, and variable costs amount to $81 per unit. The fixed costs are $28,500 per month. (a) What is the contribution margin per unit $_ per unit (b) What is the contribution margin ratio? _% (Rounded to 1 decimal place) (c) What is the monthly sales volume (in dollars) at the break-even point? $_ (d) How many units must be sold each month to earn a...
please
answer all 4 multiple choice questions
In a cost-volume-profit graph, the total cost line meets the Y (vertical) axis at the: a. variable cost per unit point. b. total sales revenues point. c. total fixed costs point. d. total mixed costs point. Which of the following equations is used to calculate the degree of operating leverage? a. Degree of Operating Leverage = Operating Income / Total Contribution Margin b. Degree of Operating Leverage = Total Fixed Cost / Operating...
Multiple Choice
49.80%.
34.10%.
36.90%.
35.90%.
90.90%.
Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data Sales price Variable costs Unit contribution margin Per Unit $450 232 $218 Percent 100.00 51.56 48.44 Assume that Staley Co. is currently selling 580 computer monitors per month and monthly fixed costs are $79,600. Staley Co.'s margin of safety ratio (MOS%) if 580 units are sold would be (round intermediate calculation up to nearest whole number...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
m With Password Saved Lamar has the following data: Selling price Variable manufacturing cost Fixed manufacturing cost Variable selling & administrative costs $ Fixed selling & administrative costs 40 24 22 $189, 000 per month $159, 000 per month If Lamar produces and sells 69,000 units, what is the margin of safety in units? Multiple Choice 14,833 units. 40,000 units. < Prev 11 of 31 Next > SAMSUNG
Vista Seating Company is currently selling 3,000 oversized bean
bag chairs a month at a price of $90 per chair. The variable cost
of each chair sold includes $35 to purchase the bean bag chairs
from suppliers and a $44 sales commission. Fixed costs are $11,000
per month. The company is considering making several operational
changes and wants to know how the change will impact its operating
income.
Requirements 1. Prepare the company's current contribution margin income statement 2. Calculate...
Exercise 1. Fantasy Corporation manufactures a single product. The selling price is $125 per unit, and variable costs amount to $81 per unit. The fixed costs are $28,500 per month. (a) What is the contribution margin per unit $_ per unit (b) What is the contribution margin ratio? _% (Rounded to 1 decimal place) (c) What is the monthly sales volume (in dollars) at the break-even point? $_ (d) How many units must be sold each month to earn a...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago