Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7 forget the above photos this is the actaul one Action of the Thew 00014 Thay The whole pe piper.22:00 Com The revenus furah Requirement
7
forget the above photos
Action of the Thew 00014 Thay The whole pe piper.22:00 Com The revenus furah Requirement 2. U theme of how to 1. they are The 14 ME AD008 The profit goal of $2.467,500 since Bonuity and the Beast currently performs 120 shows a year. Requirement 4. Prepare Beauty and the Beasts contribution margin income statement for 120 shows each your. Raport only two categorien et expenses, versatile and fixed Beauty and the Beast Contribution Margin Income Staterhent Year Ended December 31 Requirements 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $2,467,500 Is this goal realistic? Give your reason. 4. Prepare Beauty and the Beast's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Print Done The budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies) Requirements 1. Fill in the blanks for each company 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Requirement 1. Fint in the blanks for each company. (Round the contribution margin per unit and ratio coloutations to two decimal piacon) Q R S T 331250 $ 154,375 Target sales Visariable expenses 800,000 $ 232.000 270,000 Fixed expenses 156.000 96.000 $ 213,000 $ 140,000 Operating income (s) Units sold 14,750 125.000 $ 15,750 40.00 s 6.40 8.00 $ Contribution margin per unit Contribution margin ratio 0.80 Requirement 2. Compute breakevent, in saldotars, for each company which company has the lowest report in dotar? What the low boot Begin by doing the formule, then compute the took tven sales for each company one time. (Col. For amourns with a tour own Breakswn aules R 4 5 T Which company has the lowest breakon pont in sales do? Whatmates the tow tren peint has the lowest breakeven point primary tumo Agration of bewyde perfect show 1.000 M2 The 120hows nach year. The show buscamos 300 The only wachshow. The program printing of the 22.00 Requirement Commen and how The whole Requirement methods tegin by determining the basicamente Requirement 3. Use the shortout unit contribution margin approach to compute the number of shows needed annunty to com a profit of $2.467.500 Is this goal tastie? Give your reaton Begin by selecting the formula - Turgel of shows Uning the equation you determined above, solve for the target number of shows The number of shows needed annually to com a profit of 52,467,500 The profit goal of 52.407.500 is since Beauty and the Beast currently perform 120 mnown as your Requirement 4. Prepare beauty and the Beasts contribution margin Income statement for 120 shows each year. Report only two cutegories of expone: variable and head Beauty and the Beast Contribution Margin Income Statorent Year Ended December 31 Action of the Thew 00014 Thay The whole pe piper.22:00 Com The revenus furah Requirement 2. U theme of how to 1. they are The 14 ME AD008 The profit goal of $2.467,500 since Bonuity and the Beast currently performs 120 shows a year. Requirement 4. Prepare Beauty and the Beasts contribution margin income statement for 120 shows each your. Raport only two categorien et expenses, versatile and fixed Beauty and the Beast Contribution Margin Income Staterhent Year Ended December 31 Requirements 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $2,467,500 Is this goal realistic? Give your reason. 4. Prepare Beauty and the Beast's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Print Done The budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies) Requirements 1. Fill in the blanks for each company 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Requirement 1. Fint in the blanks for each company. (Round the contribution margin per unit and ratio coloutations to two decimal piacon) Q R S T 331250 $ 154,375 Target sales Visariable expenses 800,000 $ 232.000 270,000 Fixed expenses 156.000 96.000 $ 213,000 $ 140,000 Operating income (s) Units sold 14,750 125.000 $ 15,750 40.00 s 6.40 8.00 $ Contribution margin per unit Contribution margin ratio 0.80 Requirement 2. Compute breakevent, in saldotars, for each company which company has the lowest report in dotar? What the low boot Begin by doing the formule, then compute the took tven sales for each company one time. (Col. For amourns with a tour own Breakswn aules R 4 5 T Which company has the lowest breakon pont in sales do? Whatmates the tow tren peint has the lowest breakeven point primary tumo Agration of bewyde perfect show 1.000 M2 The 120hows nach year. The show buscamos 300 The only wachshow. The program printing of the 22.00 Requirement Commen and how The whole Requirement methods tegin by determining the basicamente Requirement 3. Use the shortout unit contribution margin approach to compute the number of shows needed annunty to com a profit of $2.467.500 Is this goal tastie? Give your reaton Begin by selecting the formula - Turgel of shows Uning the equation you determined above, solve for the target number of shows The number of shows needed annually to com a profit of 52,467,500 The profit goal of 52.407.500 is since Beauty and the Beast currently perform 120 mnown as your Requirement 4. Prepare beauty and the Beasts contribution margin Income statement for 120 shows each year. Report only two cutegories of expone: variable and head Beauty and the Beast Contribution Margin Income Statorent Year Ended December 31 this is the actaul one
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