Homework Answers
5) Contribution margin per unit = 73500/7000 = 10.50
Required unit sales = (Fixed cost+Desired profit)/Contribution margin per unit = (67200+31500)/10.50 = 9400 Units
3) Net operating income
| Sales (1050*40) | 42000 |
| variable cost (1050*31) | 32550 |
| Contribution margin | 9450 |
| Fixed cost | 9000 |
| Net operating income | 450 |
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5) Cassius Corporation has provided the following contribution format income statement. Assume that the following information...
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answer with details or by law
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Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units) $40,000 Variable expenses 30,000 Contribution margin 10,000 Fixed expenses 7,000 3,000 Net operating income If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
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Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $320,000 192,000 128,000 121,600 $ 6,400 The margin of safety in dollars is closest to: Multiple Choice $6,400 $16,000 $121,600
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answer with details or by law
4. Yerkey Corporation makes one product and has provided the following information to help prepare the master budget: 10,700 units 2.00 per unit sold $ 60,000 per month Budgeted unit sales, February Variable selling and administrative expense Fixed selling and administrative expense The estimated selling and administrative expense for February is closest to: A) S81,400 B) $21,400 C) $54,270 D) $60,000 5. Cassius Corporation has provided the following contribution format income statement. Assume that...
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