Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please answer these blanks Thank you. Whirly Corporation's contribution format income statement for the most recent month is shown below Total Per Unit

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Can you please answer these blanks

Thank you.

Whirly Corporation's contribution format income statement for the most recent month is shown below Total Per Unit 268,680 $34.00 19.00 Sales (7,900 units) Variable expenses Contribution margin Fixed expenses Net operating income 150, 100 118,500 15.00 54,800 63,700 Required (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume decreases by 40 units? 3. What would be the revised net operating income per month if the sales volume is 6,900 units? 1. Revised net operating income 2 Revised net operating income 3. Revised net operating income Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below Claimjumper 102,000 Makeover Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 51,000 153,000 38,250 114,750 83,475 31,275 31,600 6,650 44,3560 $ 70,400 Required 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio Required 1 Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) all break-even point

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

Clinical Audit In Oral Pathology Laboratory A Wide Range Of Quality Improvement

Authors: Rudra Bhardwaj, Narendra Nath Singh, Sherin Nair

1st Edition

3330343052, 978-3330343054

More Books

Students also viewed these Accounting questions

Question

Explain exothermic and endothermic reactions with examples

Answered: 1 week ago

Question

Write a short note on rancidity and corrosiveness.

Answered: 1 week ago

Question

Explain what is meant by the terms unitarism and pluralism.

Answered: 1 week ago