Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 2 3 4 5 6 7 8 9 10 11 12 Not great detail is needed but if you can explain a few of
1
2
3
4
5
6
7
8
9
10
11
12
Not great detail is needed but if you can explain a few of the most important formulas for these problem that would very helpful!
A manufacturer's contribution margin income statement for the year follows. Prepare a contribution margin income statement if the number of units sold (a) increases by 200 units and (b) decreases by 200 units, Sales ($12 per unit * 11,300 units) Variable costs Contribution margin Fixed costs Income $135,600 67,800 67,800 57,000 $ 10,800 Contribution Margin Income Statement For Year Ended December 31 11,500 units sold 11,100 units sold Sales Variable costs Contribution margin 0 Fixed costs Income $ 0 $ 0 Zhao Company has fixed costs of $308,000. Its single product sells for $167 per unit, and variable costs are $112 per unit. The company reports sales of 10,000 units. Prepare a contribution margin income statement for the year ended December 31. ZHAO Company Contribution Margin Income Statement For Year Ended December 31 0 O Zulu sells its waterproof phone case for $118 per unit. Fixed costs total $227,000, and variable costs are $48 per unit. Compute the units that must be sold to get a target income of $203,500. Numerator: Fixed costs plus target Income $ Units to be sold to achieve targeted Income 1 Denominator Contribution margin per unit 430,500/ Units to Achieve Target Units to achieve target O units A manufacturer's contribution margin income statement for the year follows. Prepare a contribution margin income statement if the number of units sold (a) increases by 200 units and (b) decreases by 200 units. Sales ($12 per unit * 11,300 units) Variable costs Contribution margin Fixed costs Income $135,600 67,800 67,800 57,000 $ 10,800 Contribution Margin Income Statement For Year Ended December 31 11,500 units sold 11,100 units sold Sales Variable costs Contribution margin 0 0 Fixed costs Income $ 0 $ 0 US-Mobile manufactures and sells two products, tablet computers (45% of sales) and smartphones (55% of sales). Fixed costs are $600,000, and the weighted average contribution margin per unit is $120. How many units of each product are sold at the break-even point? Determine the break-even point in units. Numerator: Denominator Break Even Units Break even units Unit sales at break-even point Determine the number of units of each product that will be sold at the break-even point Sales mix Number of units to break even Tablet computers Smartphones Total units Sunn Company manufactures a single product that sells for $175 per unit and whose variable costs are $140 per unit. The company's annual fixed costs are $514,500. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Numerator: Denominator: Contribution Margin Ratio Contribution margin ratio (c) Compute the company's break-even point in units. Numerator Denominator Break-Even Units Break-even units ht ances (a) Compute the company's break-uven point in dollars of sales. Numerator: Denominator 1 Break-Even Dollars Break-even dollars Sunn Company manufactures a single product that sells for $310 per unit and whose variable costs are $248 per unit. The company's annual fixed costs are $992,000. Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $145,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement at the break-even point SUNN COMPANY Contribution Margin Income Statement (at Break-Even) Percentage Amount of sales Required 1 Required 2 > Sunn Company manufactures a single product that sells for $310 per unit and whose variable costs are $248 per unit. The company's annual fixed costs are $992,000. (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $145,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 If the company's fixed costs increase by $145,000, what amount of sales (in dollars) is needed to break even? 1 Numerator: Total fixed costs Break-Even Point in Dollars Denominator Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 $ Sales (10,700 units at $300 each) 3,210,000 Variable costs (10,700 units at $240 2,568,000 each) Contribution margin 642,000 Fixed costs 504,000 Income $ 138,000 1. Compute break-even point in units. 2. Compute break-even point in sales dollars. 1. Break-even units 1 units 2. Break-even sales dollars Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 $ Sales (10,700 units at $300 each) 3,210,000 Variable costs (10,700 units at $240 2,568,000 each) Contribution margin 642,000 Fixed costs 504,000 Income $ 138,000 1. Assume Hudson has a target income of $161,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) 1. Amount of sales 2. Margin of safety % Hudson Company reports the following contribution margin income statement HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 $ Sales (11,400 units at $225 each) 2,565,000 Variable costs (11,400 units at 2,052,000 $180 each) Contribution margin 513,000 Fixed costs 360,000 Income $ 153,000 If the company raises its selling price to $240 per unit. 1. Compute Hudson Company's contribution margin per unit. 2. Compute Hudson Company's contribution margin ratio. 3. Compute Hudson Company's break-even point in units. 4. Compute Hudson Company's break-even point in sales dollars. per unit % 1. Contribution margin 2. Contribution margin ratio 3. Break-even point 4. Break-even sales dollars units Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 $ Sales (11,400 units at $225 each) 2,565,000 Variable costs (11,400 units at 2,052,000 $180 each) Contribution margin 513,000 Fixed costs 360,000 Income $ 153,000 The company is considering buying a new machine that will increase its fixed costs by $36,500 per year and decrease its variable costs by $9 per unit. Prepare a contribution margin income statement for the next year assuming the company purchases this machine. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss $ 0 0 thanks in advance !
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started