Kris Company has an average contribution margin of 35%. What target sales volume per month is necessary

Question:

Kris Company has an average contribution margin of 35%. What target sales volume per month is necessary to produce a monthly operating income of

$22,000, if fixed (nonvariable) expenses are $118,000 per month? LO6

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

See More Books

Question Posted: Jul 01, 2024 02:23 AM

See More Questions

About question #74, the answer is [$32 - 12 - 6 - 4 - 0.50] 2,000 = $19,000 where is the "4" come from? ch4 Student: ___________________________________________________________________________ 1....
Klein Company has a contribution margin ratio of 35 percent. What dollar sales volume per month is necessary to produce a monthly operating income of $\$ 30,000$, if fixed costs are $\$ 145,000$...
I Need help with this please. I had a very bad accident and was not able to get all this done. I am taking strong pain medication that I cannot think right now. Please get this done for me correctly...
Discuss the concept of the Process Spectrum. Use examples where appropriate.
Refer to Exercise 15.4. a. In Chapter 6, we introduced the paired t test. Analyze the above data using this test statistic. b. Show that the paired t test is equivalent to the F test from the...
What are the stages in agile development?
Two events, A and B, are independent, with P1A2 = .5 and P1B2 = .3. a. Are A and B mutually exclusive? Why? b. Find P1A0B2 and P1B0A2. LO5 c. Find P1A B2.
Katie Homes and Garden Co. has 10,640,000 shares outstanding. The stock is currently selling at $52 per share. If an unfriendly outside group acquired 25 percent of the shares, existing stockholders...
BS, VISE IUPS22 Nov. 7020 IV. Calculations (45%) Based on the following statements, fill in blanks (1.5% cach) and calculate the ratios (3% cach, show the process) Stock information: On December 31,...
Why is the profit-volume formula a more flexible analytical tool than a profitvolume graph? LO6
What important relationships are shown on a profit-volume (break-even) graph? LO6
Income inequality as conventionally measured is ____ when you ignore the decreases in the capital gains tax rate. a. Overstated b. Understated c. Property stated
2. (10 points) Two suppliers of products are available to supply the needs of four supermarkets. Each supplier can provide 90 units per day. Each supermarket would like to receive 60 units per day....
QUESTION 3 (11 marks) Midrand Ltd acquired a 90% interest in Bramely Ltd on 2 December 20.21 for R2 million. The consideration was settled as follows: Cash payment, Issue of 100 000 shares to the...
1. Prepare a Proforma Income Statement for ACCO 295 Corp. (30 points) Use the same Excel table provided to do the calculations with the class explanation. 1. Selling and administrative expenses were...
Sandy Foot Hospital expanded their cardiovascular unit to include more operating rooms. They negotiated a 20-year loan with monthly payments and a large sum of $250,000 due at the end of the loan....
Oscillations and Resonance Name Lab Procedure Answer questions in red. Download and run the HTMLS application \"resonance\". Driving force: 30 N Driving equency: 5 rad. '5 Spring constant: 5 - 'Irn...
Two machines-Machine M and Machine P-are being considered in a replacement decision. Both machines have about the same purchase price and an estimated ten-year life. The company uses a 12 percent...
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
Comparing the actual and planned cost of a consulting engagement completed by an engineering firm such as Allied Engineering.
What is the NPV of a project that costs $34,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital...
help!!! Use the above information to calculate ending inventory using FIFO for a company that uses a perpetua/inventory system

Kris Company has an average contribution margin of 35%. What target sales volume per month is necessary

Question:

Step by Step Answer:

Accounting The Basis For Business Decisions

Students also viewed these Business questions