Variable costs as a percentage of sales for Lemon Inc. are 72%, current sales are $610,000. and fixed costs are $191,000. How much will income from operations change if sales increase by $48,900? Oa. $13,692 decrease Ob. $13,692 increase Oc. $35,208 decrease Od. $35,208 increase
Q: A company had 125,000 shares of common stock outstanding on January 1 and then sold 35.000…
A: Earnings per share is an financial ratio which was used to find the company's profitability. = Net…
Q: 18. The Disney Company's breakeven sales is P400,000 at a certain level of fixed costs. When such…
A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…
Q: Tiger Drug Store carries a variety of health and beauty aids, includi Unit Sales Dollar Sales…
A: Purchase budget is the budget prepared at the beginning of the period that shows the inventory…
Q: The following data were taken H&D Company: Beginning capital balances:…
A: The statement of shareholder's equity is prepared to record changes to the beginning capital of the…
Q: Carmelita Inc., has the following information available: Costs from Beginning Inventory Costs…
A: First, compute the equivalent units for direct materials and conversion costs. Then, compute the…
Q: Discuss how characteristics of not-for-profit organizations differ from for-profit organizations
A: Not for profit organisations are formed to render services to the society. Thee main purpose of…
Q: COMPREHENSIVE 28. (Obj. 2) On November 10, 2021, Bev sold residential realty for $300,000. Bev…
A: Solution:- Given, On November 10, 2021, Bev sold residential = $300,000 Bev purchased the realty on…
Q: cost for this bracelet is $265.00 as shown below: $146 Direct materials. Direct labor 80…
A: The question is based on the concept of Cost Accounting.
Q: . FLORES Company, wholesaler, uses the aging method to estimate bad debt loss or impairment loss.…
A: Lets understand the basics. Under aging method, bad debt expense is calculated using bifurcation of…
Q: Cash $ 200,490 Sales $ 8,104,080 Debt Investments (trading) (at cost,…
A: 1. Income Statement 2. Balance Sheet The first statement shows the income earned and loss incurred…
Q: How would a Dividend that is declared but not yet paid be treated at year end for financial…
A: Dividends are the amounts which are paid in consideration to the amount contributed in the company.…
Q: R$ PP Richland and Poorland each have two industries: traded TVs and nontraded house maintenance.…
A: An economy producing only two goods can calculate the income of one worker producing the good with…
Q: Cowboy Company's bank statement for June 30 showed a cash balance of $21,680. The company's general…
A: The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…
Q: 2: Consigned Goods ABC Co. consigned goods costing P10,000 to XYZ, Inc. Transportation costs of…
A: Given Consigned goods costing P10,000 Transportation cost P2000 Repairs P500 Advance commission…
Q: On June 1, 2021 Maroon Company entered into a 5-year nonrenewable lease, commencing on that date,…
A: As an operating lease, rent expense will be recognized uniformly over the 5-year term of the lease…
Q: CengageNOWv2 | Online teachi X +…
A: Solution... Total manufacturing costs incurred = Transferred to Finished goods + ending work…
Q: elta Corporation cost inclusive of is P6,800,000 wh uch is the fringe b ng that the owne
A: GIVEN The acquisition cost inclusive of 12% interest P6,720,000 the property per tax declaration is…
Q: 2. Pedro Reyes purchased a delivery vehicle on April 1, 2016 amounting to PHP250,000. It is…
A: Depreciation means the amount of expenses written off from the value of fixed assets used in…
Q: Hessell Corporation, which has only one product, has provided the following data concerning its most…
A: Under absorption costing, fixed manufacturing overhead is treated as product cost. Under variable…
Q: #1. A technique to evaluate each item in a financial statement as a percent of a base amount or item…
A: THE ANSWER FOR QUESTION 1 = VERTICAL ANALYSIS
Q: A. Receivable turnover B. Leverage ratios C. Intra-comparability D. Price earnings ratio E. Solvency…
A: There are many financial ratios which help in understanding the financial position of the company…
Q: Wanda Company sold accounts receivable without recourse for P8,200,000. The company received…
A: Formula: Loss on factoring = Net Realizable value of Accounts receivable - Sale value of receivable…
Q: Exercise 10-5 Working Backwards from Labor Variances [LO10-2] The auto repair shop of Quality Motor…
A: Working Notes: Calculation of Standard Labor hours allowed for Actual output Standard labor hours…
Q: P118,000 and by the employer of the wife. How much will be the total gross annual income of the…
A: Gross income is the income which has been earned by the person during the year and gross income for…
Q: ngageNOWv2 | Online teachin X +…
A: Solution... Sales = $1,015,000 Variable cost = 63 % of sales = 63 % * $1,015,000 = $639,450…
Q: Which of the following is not a potential entity level tax for an S corporation that was formerly a…
A: The S Corporation is one of the constitution in US Taxation along with C Corporation. S Corporation…
Q: Dec. 01 Mr. Sy, owner of Sy General Services, invested P5,000 cash in the business 02 Bought…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: SLO-5.3. If the credit terms are 2/10, n/30, the credit period is days. 010 030 02 OIndefinite
A: The term indicates that if the payee paid the amount within stipulated time then he is eligible for…
Q: What is the least appropriate explanation for the activity ratio? 1.If a company's resources are…
A: ACTIVITY RATIO IS USED TO MEASURE THE PERFORMANCE OF COMPANY. IT STATES THAT HOW EFFICIENTLY THE…
Q: Complete the information in the cost computations shown here: Raw materials Beginning inventory…
A: Solution:- Completion of the information in the cost computations as follows under:-
Q: Why would Commodore’s auditor insist that Rob document any sales booked under the book-and-hold…
A: An auditor is someone who verifies the accuracy of recorded commercial transactions. Auditors are…
Q: The company reported a current ratio of 2.1 and 2.22 as of December 31, 2020 and December 31, 202…
A: Accounts payable means those accounts of suppliers to whom business has made credit purchases on…
Q: The auto repair shop of Quality Motor Company uses standards to control the labor time and labor…
A: Formula: Labor rate variance = (Actual hourly rate - Standard rate per hour)*Actual hours worked…
Q: Which of the following methods of computing depreciation is variable in nature? a) Straight-line Ob)…
A: Solution: Depreciation method that is variable in nature is considered to be the method which ensure…
Q: * What is the effect of the errors on the working capital of 2020? Put a negative sign if the answer…
A: The effect of the errors on the working capital is the difference between current assets and current…
Q: The following amounts were taken from the financial statements of Bramble Company: 2020…
A: Earnings per share = Net income/Weighted average number of common shares outstanding Price-earnings…
Q: DECEMBER 31, 20, ACCORDING TO THE TRIAL BALANCE, THE OFFICE SUPPLIES ACCOUNT HAS A BALANCE OF…
A: Introduction: Journals: Each and every business transactions are to be recorded in journals. At the…
Q: Susan Wilson operates a popular summer camp for elementary school children. Projections for the…
A: Calculation of above requirement are as follows.
Q: The auto repair shop of Quality Motor Company uses standards to control the labor time and labor…
A: Formula: Labor rate variance = (Actual hourly rate - Standard rate per hour)*Actual hours worked…
Q: 3) Aira Company reported gross payroll of P600,000 for the month of January. The entity paid the…
A: Payroll It is important to maintain the payroll process by the management which is distributed to…
Q: American Laser, incorporated, reported the following account balances on January 1. Debit Credit…
A: Dividends are declared from the retained earnings , hence declaring of dividends decrease the…
Q: On July 1, 2019, Cody Company paid P1,198,000 of 10%, 20 year bonds with face amount of P1,000,000.…
A: Introduction:- The following basic information needs to understand understand as follows under:- On…
Q: What is the amount of net income after tax that Vignette Company should report for the year 2021?…
A: The percentage of completed contract method is used to account for long-term construction contracts…
Q: Which of the following amounts would impact the numerator in a diluted EPS calculation given the…
A: Lets understand the basics. There are two type of EPS are there which are, (1) Basic EPS (2) Diluted…
Q: Discuss buying back stock and splitting shares as ways in which the rate of return of stocks is…
A: The rate of return on stocks is the net gain or loss on the amount invested on stocks over a…
Q: On Jauary 1, 2020, Nice Company signed a 10-year operating lease for office space at P 576,000 per…
A: Rental expense is the expense which is paid for letting out the property for use in the business…
Q: 4. Comparability between enterprises is more difficult to obtain than comparability within a single…
A: There are various ratios which helps in calculating the financial position of the company and…
Q: Aira Company reported gross payroll of P600,000 for the month of January. The entity paid the…
A: Net Pay = Gross Pay - Mandatory Deductions Mandatory Deductions = Income Tax + SSS + Philhealth +…
Q: Given the following cash transactions relating to Weatherford Company, what is the net cash flows…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: SA Construction Limited currently operates in Trinidad. The company is considering setting up…
A: The concept of income tax is to levy tax on the income of an individual or a corporate. In this…
Step by step
Solved in 2 steps
- geNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A + If fixed costs are $295,000, the unit selling price is $30, and the unit variable costs are $21, what is the break-even point in sales units it fixed costs are reduced by $41,500? Oa. 28,167 units Ob. 33,800 units Oc. 42,250 units Od. 22,533 units 8:2 9 ▬▬ ▬ 6 8 O D 5/2Jilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Show Me How Contribution Margin Ratio a. Young Company budgets sales of $1,280,000, fixed costs of $66,200, and variable costs of $294,400. What is the contribution margin ratio for Young Company? % b. If the contribution margin ratio for Martinez Company is 52%, sales were $682,000, and fixed costs were $262,430, what was the operating income? Check My Work 2 more Check My Work uses remaining, B Previous Nextle Chrome tempt.php?attempt%3D1893307&cmid%3891193&page=10 SYSTEM (ACADEMIC) Time left Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per unit is $7, and fixed expenses are $1,500.How much is the profit? O a. $13,500 O b. $8,500 О с. $411,000 d. $6,000 O e. $16,000 AGE NEXT PA - a 40) ENG rch ort sc delete home 40 num % + backspace lock R enter esned
- * CengageNOWv2 | Online teachin x now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $19 Direct labor 13 Factory overhead $182,500 10 Selling expenses: Sales salaries and commissions 37,900 4 Advertising 12,800 Travel 2,900 Miscellaneous selling expense 3,100 4 Administrative expenses: Office and officers' salaries 37,100 Supplies 4,600 2…Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Year Miles Operating Costs 2012 556,000 $182,000 2013 684,000 214,000 Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.) Total annual costs = $0 +$ 0Home * CengageNOWv2 | Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false еВook B Show Me How Print Item Sales Mix and Break-Even Analysis Conley Company has fixed costs of $17,802,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products follow: Product Model Selling Price Variable Cost per Unit Contribution Margin per Unit Yankee $180 $99 $81 Zoro 225 135 90 The sales mix for products Yankee and Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro. a. Product Model Yankee units b. Product Model Zoro units
- ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales dollars was Oa. $778,800 Ob. $3,115,200 Oc. $7,009,200 Od. $4,672,800Home CengageNOWv2| Online teachin X akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook | Show Me How Print Item Target Profit Beard Company sells a product for $15 per unit. The variable cost is 10 per unit, and fixed costs are 1,750,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $400,000. a. Break-even point in sales units X units b. Break-even point in sales units required for the company to ach ve a target profit of $400 X units Feedback Check My Work a. Unit sales price minus unit variable costs equals unit contribution margin. Fixed costs divided by unit contribution margin = break-even point in units. b (Fixed costs Target profit) divided by unit contribution margin = sales units.genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Lo... r Operating Leverage Teague Co. reports the following data: Sales Variable costs Contribution margin Fixed costs $480,000 264,000 $216,000 175,200 $40,800 Income from operations Determine Teague Co.'s operating leverage. Round your answer to one decimal place.
- CengageNOWY2 |Online teachix M(no subject) - morganmcgrew4@ X Alrn/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3&inprogress=false Update eBook 4 Show Me How Break-Even Sales Currently, the unit selling price of a product is $280, the unit variable cost is $230, and the total fixed costs are $560,000. A proposal is being evaluated to increase the unit selling price to $310. a. Compute the current break-even sales (units). 9,600 X units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. 6,000 X units Feedback Check My Work a. Fixed costs divided by the unit contribution margin equals break-even sales in units. b. Repeat the calculations in (a) using anticipated amounts. Previous Next Check My Work ems 734 PM /25/2021 O a ere to searchab. ock esc ~ Microhard produces tablets, laptops and televisions. Microhard typically sells 1,000 tablets a year. The tablet information is as follows: Selling price per unit Direct material cost per unit Direct labor cost per unit Total unavoidable allocated overhead How much would Operating Income decrease if Microhard were to eliminate the tablets? DO NOT INCLUDE PARENTHESES OR NEGATIVE SIGNS IN YOUR ANSWER. Click Save and Submit to save and submit. Click Save All Answers to save all answers. ! 1 Q A @ 2 W S $60 $30 $10 $48,000 #M 3 E $ 4 D R % от оро 5 F MacBook Pro < 6 T G & of r 7 Y H * 00 つSEARCH ASK AN EXPERT CHAT MATH SOLVER Question The Variable Cost of Goods Sold in the Marin Company totals P325,000. Fixed selling and administrative expenses totaled P115,000 and variable selling and administrative expenses were P210,000. If Marin Company's contribution margin totaled P590,000, then sales is? Also, What is the effect of this in the company of Marin? a.P650,000 B.Ph 915,000 C.Ph 1,030,000 D.Ph 1,125,000 Topic: Cost Volume Profit Please explain each clearly and solve in good form.
