Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Crane sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows:
Total
Per Unit
Sales revenue
$765,000
$51
Variable expenses
306,000
20.40
Contribution margin
459,000
$30.60
Fixed expenses
312,000
Operating income
$147,000
Required -
(a) What is Crane's contribution margin ratio? Its variable cost ratio?
(b1) Compute breakeven sales.
(b2) What is Crane's margin of safety?
(c) If Crane's sales were to increase by $100,000 with no change in fixed expenses, by how much would operating income increase?
(d) Crane's managers have determined that variable costs per unit will increase by 20% beginning next month. To offset this increase in costs, they are considering a 10% increase in the sales price. Market research indicates that the price increase will result in a 2% decrease in the number of learning systems Crane sells. What will be Crane's expected operating income if the price increase is implemented?
The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. What would the adjusted cost of goods sold
What are the main differences between the financial ratios that are used to evaluate the performance of manufacturing vs. service companies?
What is the Financial advantage (disadvantage) from further processing? Should each of the intermediate products, A and B, be sold as is
Prepare Nesarab's necessary journal entries for January 1, 2018, and December 31, 2018. On February 10, 2019 2000 options were exercised
What could happen in terms of changes in price and quantity. You have learned that there has been bad weather in the fields, so fewer fresh fruits.
What was the total amount of manufacturing costs assigned to the units that were completed and transferred out of the process in July?
Explain what is a balanced scorecard? State its three strategies to outperform competitors. State the 5 steps to implement ABC system
Production costs chargeable to the Sanding Department in July for Recycled Art are $30,000 for materials, Compute the unit costs for conversion costs.
RM Enterprises,The selling price is $12 and CM percentage is 20. The total of fixed costs is $21,000. What is RM's operating income for 20xx?
ZZ Tire Company, Briefly describe each type of ratio. Then figure out which type of financial ratios you would use to look at ZZ Tires debt issues.
How do Describe the process it would use to make a master budget. How would the budget process for the service company differ from a manufacturing company?
If jobs in the work in process inventory on 1/31/20 contain $38,000 of materials, how much labor cost is in the work in process inventory on 1/31/20?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd