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!
Menlo Company distributes a single product. The company’s sales and expenses for last month follow:
Total
Per Unit
Sales
$
632,000
40
Variable expenses
442,400
28
Contribution margin
189,600
12
Fixed expenses
147,600
Net operating income
42,000
Required:
1.
What is the monthly break-even point in unit sales and in dollar sales?
2.
Without resorting to computations, what is the total contribution margin at the break-even point?
3-a.
How many units would have to be sold each month to earn a target profit of $60,000? Use the formula method.
3-b.
Verify your answer by preparing a contribution format income statement at the target sales level.
4.
Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34).
5.
What is the company’s CM ratio? If monthly sales increase by $99,000 and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?
which of the following costs is most likely to be the largest expense reported on the income statement of a
Nova Corporation hired a new product manager and agreed to provide her a $ 20,000 relocation loan on a six-month, 7 percent note. Prepare journal entries to record the following transactions for Nova Corporation. Rather than use letters to reference ..
for eckert inc. variable manufacturing overhead costs are expected to be 20000 in the first quarter of 2011 with 4000
clopack company manufactures one product that goes through one processing department called mixing. all raw materials
LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuan..
Compute and reconcile the sales volume variance for August. Indicate whether the variance is favorable or unfavorable.
arcia corporation purchased a truck by issuing an 108000 4-year zero-interest-bearing note to equinox inc. the market
Prepare the journal entries to record the mortgage loan and the first two installment payments.
In the current year, Andrew received a gift of property from his uncle. At the time of the gift, the property had a FMV of $114,000 and an adjusted basis to his uncle of $70,000. After deducting the annual exclusion, the amount of the gift was $10..
A) calucate the basic earrings per share of common stock for the year ended Jan 31,2011
On April 1, 10,000 shares of $5 par common stock were issued at $22, and on April 7, 5,000 shares of $50 par preferred stock were issued at $104.
Dana La Fontsee opened Pro Window Washing Inc. on July 1, 2012. During July the following transactions were completed. July 1 Issued 12,000 shares of common stock for $12,000 cash.
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