Oslo company prepared the following contribution format

Assignment Help Accounting Basics
Reference no: EM13482521

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):   




  Sales $ 21,200    
  Variable expenses
12,400    



  Contribution margin
8,800    
  Fixed expenses
6,952    



  Net operating income $ 1,848    






   
Required:

If the variable cost per unit increases by $1.40, spending on advertising increases by $1,900, and unit sales increase by 250 units, what would be the net operating income? (Do not round intermediate calculations.)

Reference no: EM13482521

Questions Cloud

From the following bank statement please 1 complete the : from the following bank statement please 1 complete the bank reconciliation for ricks deli and 2 do not provide
Kaizen costing is a method that many japanese companies : kaizen costing is a method that many japanese companies have found effective in reducing costs. from a behavioral point
Net present value of the investment in this machinery : flights inc. is considering buying some specialized machinerythat would enable the company to obtain a six-year
Determine the amount of the annual lease payments as : each of the three independent situations below describes a capital lease in which annual lease payments are payable at
Oslo company prepared the following contribution format : oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
One company purchases all of the outstanding shares of : one company purchases all of the outstanding shares of another company. the acquiring company incurs the following
Prepare statements of cash receipts and disbursements : on janurary 2 2007 the s.h. park company installed a brandnew 87000 special molding machine for producing a new
B-mart sells 5000 of blue jeans the customer later tells : b-mart sells 5000 of blue jeans. the customer later tells b-mart that 200 of them are defective. the sale of the 5000
The it corporation produces and markets two types of : the it corporation produces and markets two types of electronic calculators model 11 and model 12. the following data

Reviews

Write a Review

Accounting Basics Questions & Answers

  Apollo long term liabilities

What are the options for an entity trying to invest in its growth? How does Apollo finance its business? Did you identify any errors or findings in Apollo's long term liabilities? Do the activities of Apollo require any additional or particular di..

  Jim taylor wants taylor company to use cvp analysis to

jim taylor wants taylor company to use cvp analysis to study the effects of changes in costs and volume on the company.

  Tax return for the current year

How much income must Barry report on his tax return for the current year? What is the character of income?

  What was finney net income for the year

Finney Company began the year by issuing $20,000 of common stock for cash. The company recorded revenues of $185,000, expenses of $160,000, and paid dividends of $10,000. What was Finney's net income for the year?

  Determining bad debt expense

Oddessy consulting has the following for year ended 12-31-09 before adjustments. Oddessy uses the net credit sales method of estimating bad debt expense. The journal entry for estimating bad debt expense at year end is:

  Ku inc operates a store featuring school merchandise it

ku inc. operates a store featuring school merchandise. it uses an eoq decision model to make inventory decisions. it is

  Changes in prices of inputs and outputs

Which of the following comparisons best isolates the impact that changes in prices of inputs and outputs have on performance?

  Land recorded in the purchaser books

A parcel of land is: offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at:

  Validate why revenue is often recognized as earned

Create a situation or scenario in which it may be appropriate to recognize revenue as the productive activity takes place. State whether or not there are any other times appropriate for recognizing revenue. Provide a rationale with your response.

  Earnings per share assuming bond conversion

During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. Calculate 1. Earnings per share 2. Earnings per share assuming bond conversion

  What was net income for specific period

Net cash flow from operations for a period was $30,000; Noncash revenues for the period were $11,000. Noncash expenses forthe period were $13,200. What was net income for the period?

  Analyze the punishment or consequence

Analyze the punishment or consequence that was given to the CPA and determine whether you are in agreement the punishment fit the violation.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd