Reference no: EM13912807
Licuado Juice Company has four product lines; Orange, Tomato, Carrot, and Grape. Shown below is last year's income statement segmented by product line: Orange Tomato Carrot Grape Sales $60,000 $32,000 $24,000 $44,000 Variable expenses 22,800 11,200 12,000 17,600 Contribution Margin $37,200 $20,800 $12,000 $26,400 Traceable fixed expenses 12,000 8,000 9,000 6,600 Segment margin $25,200 $12,800 $3,000 $19,800 Net operating income last year for Licuado Company as a whole was $24,800. If the Carrot product line would have been dropped at the beginning of last year, how would this have changed the net operating income of Licuado Company as a whole?
a.) $2,400 increase
b.) $3,000 decrease
c.) $5,400 increase
d.) $12,000 decrease
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Decision making model
: Millie Hardy lives in the Clare Valley and is looking for a way to make as much profit as possible by working part time whilst she is studying at university. Decision Making Model , explain which system Millie should purchase. Show any supporting cal..
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Fixed selling and administrative
: Fixed manufacturing overhead $106,800 Fixed selling and administrative $68,000 The total gross margin for the month under the absorption costing approach is:
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Operating income
: Direct labor $30 Variable manufacturing overhead $7 Variable selling and administrative $11 Fixed costs: Fixed manufacturing overhead $65,700 Fixed selling and administrative $21,000 What is the net operating income for the month under variable costi..
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Inventory balance
: Calculate the December 31st ending inventory balance.
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Net operating income
: Net operating income last year for Licuado Company as a whole was $24,800. If the Carrot product line would have been dropped at the beginning of last year, how would this have changed the net operating income of Licuado Company as a whole?
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Contribution format income statement
: Brees Inc., a company that produces and sells a single product, has provided its contribution format income statement for April. Sales (6,200 units) $136,400 Variable expenses 80,600 Contribution margin $55,800 Fixed expenses 48,700 Net operating inc..
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Transactions but losses
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Organization budgets
: An organization's budgets will often be prepared to cover:
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Adjusted trial balance
: the adjusted trial balance of wedge company shows these data pertaining to sales at he end of its fiscal year
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