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Target net profit/Contribution margin ratio. Fixed expenses/Contribution margin per unit. There are 2 steps to solve this one. Solution. 100% (17 ratings) Step 1. (Fixed expenses + Target net profit)/Contribution margin ratio. View the full answer Step 2. Unlock.
Given these three assumptions, the unit sales needed to achieve a target profit of $11,400 is: Multiple Choice 3,750 units. 15,150 units. 60,150 units. 45,000 units. ssume the following (1) sales =$200,000, (2) unit sales = 10,000, (3) the contribution margin ratio =28%, and (4) net operating income =$10,000. Given these four assumptions, which ...
The contribution margin ratio is: a) the percent of each sales dollar that remains to cover the variable and fixed costs. b) the percent of each sales dollar that remains after deducting the total unit variable cost. c) all of these. d) the same as the gross margin ratio. A firm forecasts the following information: Sales $250,000.
Break-Even Units, Contribution Margin Ratio, Multiple-Product Breakeven, Margin of Safety, Degree of Operating Leverage Jellico Inc,'s projected operating income (based on sales of 450,000 units) for the coming year is as follows: Required: 1(a). Compute variable cost per unit. Enter your answer to the nearest cent. 1 per unit 1(b).
Here’s the best way to solve it. Working notes :- Contribution margin = Sales - variable cost Sales = variable cost + contribution margin Contribution margin ratio = (contribution margin / sales) …. M6-2 (Algo) Calculating Contribution Margin, Contribution Margin Ratio (LO 6-1, 6-2 Determine the missing amounts in the following table (Round ...
Accounting questions and answers. Westerville Company reported the following results from last year’s operations: Sales $ 1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income $ 200,000. Your solution’s ready to go!
Question: Problem 18-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,400 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $290 each. $ 110,000 395,000 149,600 101,200 Variable costs Plastic for ...
a. b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent.) First identify the formula, then compute the contribution margin ratio. = Contribution margin ratio c. Use the unit contribution margin to project operating income if monthly sales total 14,000 passengers. The operating income is $ d. Use the ...
Question: Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: $88,000 23,760 $64,240 43,800 $20,440 Total variable cost Contribution margin Total fixed cost Operating income Required: 1. Calculate the contribution margin ratio.
There are 3 steps to solve this one. Required information [The following information applies to the questions displayed below.) Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,000 units at $300 each) Variable costs (10,000 units ...
