Cost - volume - profit analysisarrange contribution margin

Assignment Help Taxation

Reference no: EM13370382

Cost - Volume - Profit Analysis

Arrange Contribution margin income statements.

Western Travel uses contribution margin income statement inside. Western's first-quarter results are as given:

Western Travel
Contribution Margin Income Statement
Three months Ended March 31

Sales Revenue.................................................. $500,000
Less Variable expenses................................... $100,000
____________

Contribution margin....................................... $400,000
Less: Fixed expenses...................................... $174,000
____________
Operating income........................................... $226,000

Western's relevant range is sales of between $100,000 and $700,000.

Requirements:
1. Create contribution margin income statements at sales level of $255,000 and $363,000.
2. Calculate breakeven sales in dollars

Reference no: EM13370382

Questions Cloud

Total 2008 gift of life insurance policy is 72000 annual : total 2008 gift of life insurance policy is 72000. annual exclusions are 24000 2 domes at 1200. present taxable gifts

Evaluate unit contribution margin and contribution margin : evaluate unit contribution margin and contribution margin ratiouse the subsequent data for problems 12349 amp10 luxury

At end of 2011 tatum co has accounts receivable of 700000 : at end of 2011 tatum co. has accounts receivable of 700000 and an allowance for doubtful accounts of 28000. on 24th

Evaluate breakeven and target profit volumeowner lei wong : evaluate breakeven and target profit volumeowner lei wong is consider franchising her global chopsticks restaurant

Cost - volume - profit analysisarrange contribution margin : cost - volume - profit analysisarrange contribution margin income statements.western travel uses contribution margin

A companys income statement reported total income of 80000 : a companys income statement reported total income of 80000 during 2010. the income tax return excluded a revenue item

Bonita places a coupon in every box of its product : bonita places a coupon in every box of its product. customers may send in five coupons and 3 and the company will send

Hydra company has 2 locations downtown and at a suburban : hydra company has 2 locations downtown and at a suburban mall. through march the company reported total net income of

Some years ago polar inc acquired an 80 interest in icecap : some years ago polar inc. acquired an 80 interest in icecap co. the book values of icecaps liability and asset accounts

User Account

All Pages