User Account

All Pages

What is june margin of safety in dollars

Assignment Help Managerial Accounting
Reference no: EM132996722

Question - Team Spirit imprints calendars with college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50.

a) Use the contribution margin short cut formula to compute the dollar amount of monthly sales Team Spirit needs in order to earn $285,000 in operating income.

b) prepare Team Spirit contribution margin income statement for June for sales of 450,000 cartons of calenders.

c) What is June's margin of safety in dollars.

Reference no: EM132996722

Questions Cloud

What is the company cash conversion cycle : A company with a 120-day operating cycle determines its cash conversion cycle: Receivable days: 35. What is the company cash conversion cycle
How much property tax payment is each spouse entitled : How much of the $2,600 property tax payment is each spouse entitled to deduct in the current year assuming they pay no other deductible taxes during the year
What the marshall deduction for these expenses : Marshall takes six clients to an MLB game. He purchased all of the tickets online for $910. What the Marshall deduction for these expenses
Discuss your viewpoints : Discuss your viewpoints whether you agree/disagree with the above phrase. Support your discussion with appropriate justifications
What is june margin of safety in dollars : The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. What is June margin of safety in dollars
What is the ev-ltm sales multiple for targetco : Target Sales (As of March 31, 2014 -YTD Financial Statement) $1500. What is the EV/LTM Sales multiple for TargetCo? Show your work
Outline the access controls that would be appropriate : Outline the access controls that would be appropriate for this situation. Explain why these controls are necessary
Prepare the full costing income statement : For the current period it is expected to produce and sell 3,200 pieces. Prepare the Full Costing Income Statement and Variable Costing Income Statement
How much is the net proceeds from the discounting : On June 1, 2020, Kielvj company discounted a 6-month P1,500,000 customer note. How much is the net proceeds from the discounting

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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