Birdsong Company's CVP income statement included fixed expenses of $176,000 when 5,000 units were sold. The unit selling price was $160 and the unit variable expenses were $96. What is the company's net income? O $144,000 O $304,000 $800,000 O $320,000
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- The following information is available for Cooke Company for the current year: The gross margin is 40% of net sales. What is the cost of goods available for sale? a. 5840,000 b. 960,000 c. 1,200,000 d. 1,220,000Cottonwoods cvp income statement included sales of 5,000units , a selling price of $100 , variable expenses of $60per unit ,and fixed expenses of $110,000. net income isBlossom Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20.500, and the expenses for January 2022 were as follows: Cost of goods sold Selling expenses Administrative expenses Show Transcribed Text Variable $207.050 56.375 29,725 Fixed $123,000 28,700 35,875 10 C Blossom Manufacturing Inc. CVP Income Statement Total Per unit
- Waterway’s CVP income statement included sales of 4500 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Net income is $180000. $160000. $450000. $70000.Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Net income is $14000. $76000. $310000. $124000.Company XYZ produces and sells 40,000 units.at this levelthe company is making a profit of $37,000 . Assuming total fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit ? a. 1 b. 4 c. 8 d. 3 e. 6
- A U Ltd manufactures and sells a single product, the company's sales and expenses for themonth of January 2021 were as follows:Total (Kshs)Value per unit (Kshs)Sales1.200.0080.00Less: Variable expenses840.0056.00Contribution360.0024.00Less: Fixed expenses300.00Net income60.00Required:What is the monthly breakeven point in units and in shillings?What is the total contribution margin at breakeven point?How many units would be sold each month to carn a minimum target net income ofkshs. 36.000?(iv)Using the original data, compute a company's margin of safety in both shilling and in percentage termsWhat is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $37,000. Assuming total fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit? O a. 8 O b. 3 C. 1 d. 6 e. 4 O O O O CCompany XYZ produces and sells 4,000 units.at this level, the company is making a profit of $10,000. Assuming total ?fixed expenses of $3,000 and variable expenses per unit of $0.75, how much was the selling price per unit 6 .a O 3 b O 8.c O 1 d O 4 e O
- Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $37,000. Assuming total ?fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit 3 a O 4 bO 6 cO 8 do 1 .e OPresented below is Oxford Ltd.'s partial income statement for 20x5: Item Amount Sales (39,800 units) $865,000 Variable costs (376,000) Contribution Margin Fixed Expenses (194,000) Operating Income Income tax expense 40% of net income Net Income How many units must Oxford Ltd. sell in order to generate net income equal to $291,000?Last period Hartig Corporation sold 40,000 units, total sales were $303,000, total variabie expenses were $227,250, and fixed expenses were S35,000. Required: 1. What is the company's contribution margin (CM) ratio?