Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. canvas.calpoly.edu Return to Ruinira Narratives al Return to Ruinira Narratives of Squaw Valley Alpine Meadows on rors or small mistakes that can cause big

image text in transcribed
image text in transcribed
3. canvas.calpoly.edu Return to Ruinira Narratives al Return to Ruinira Narratives of Squaw Valley Alpine Meadows on rors or small mistakes that can cause big errors. There will be no partial credit awarded on this cam. Time Attend 1 Hou Question 4 30 pts GGH Corporation prepared the following contribution format income statement based on a sales volume of 2,530 units units. Sales $293,480 Variable expenses 123.211 Contribution margin 170,269 Fixed expenses 33,114 Net income $137.155 Each of the following questions is independent. Refer back to the original data unless the question mentions otherwise. Round your answers in a way that makes sense for the question or as requested. 1. Calculate the contribution margin ratio (round to the nearest whole percent and if you use CMR in % future calculations, use the value as rounded here/input code: 0) 2. Calculate the contribution margin per unit. round to the nearest hundredths place and if you 5 use UCM in future calculations, use the value as rounded here/input code 0.001 DLL FO % & 2 21 6 7 oc O okmarks Window Help canvas.calpoly.edu Return to Run Narratives of Return to Runwa Narratives of Souw Valley Alpine Meadows On $ $ $ here/input code: 0) 2. Calculate the contribution margin per unit. (round to the nearest hundredths place and if you use UCM in future calculations, use the value as rounded here/input code 0.00) 3. If sales increase by one unit, how much would be the increase in Net Income? (enter your answer to the nearest hundredth of a dollar/input code 0.00) 4. If sales decline to 2,350 units, how much would be the new Net Income? (round to the nearest whole dollar/input code: 0) 5. If the selling price increases by $10.40 per unit and the sales volume decreases by 300 units, how much would be the revised Net Income? (round to the nearest whole dollar/input code: 0) 6. How many dollars of sales are required to earn a target net income of $100,000? (round UP to the nearest whole dollar/input code: 0) 7. Calculate the degree of operating leverage. tround to the nearest hundredths place and if you use operating leverage in future calculations, use the value as rounded here/input code: 0.00) 8. Estimate the percentage increase in Net Income sales increase by 12%. (round to the nearest hundredths place/input code: 0.00) $ 1 $ D DO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Reporting

Authors: Alan Melville

7th Edition

1292293128, 9781292293127

More Books

Students also viewed these Accounting questions

Question

What online recruitment methods are available?

Answered: 1 week ago