Current Progress Concert Corporis colected the following towanion herstrar oftes. Sales were $2.375.000 on 11.00 units selling op 250.000 variable and comfod direct materih so director $250.000 dinara weexpenses $270.00020 variable and de wa watu weed 543.000 TONN teed Top management has asked you to do CVP anys so that it can make plans for the coming year. It has projected that we will increase by 10% next year, - US Compute the comforthe current year and the projected pow. the feed costs for the current sume that the costs will remain the came in the projected year) 1) Corbution for Corporated 12) Cottor current 5 Compute the breskev ponude the first and 250 Brukerpoint H TRI 4 -4 18 Higan vi 10 au qu tia 4 ging H AB pdates miscussions Conter. ences Collabora- tions WileyPLUS Support Current Attempt in Progress Concord Corporation has collected the following information after its first year of sales. Sales were $2,875,000 on 115,000 units; selling expenses $250,000 (40%va 80% fixed); and manufacturing overhead $343,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year (Assume that fixed costs will remain the (1) Contribution margin for current year Contribution margin for projected year $ (2) Fixed costs for current year $ $ e Textbook and Media Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to 1 decimal places. 05 and final answers to decimal places, es 2 CE Break-even point Break-even points units Set ELP SOS e Textbook and Media The company has a target net income of $150,000. What is the required sales in dollars for the company to meet its target! Sales dollars required for target net income $ e Textbook and Media if the company meets its target net income number, by what percentage could its salesfall before it is operating at a loss? That is what is its margin of safety ratio/Round wer to Margin of safety ratio % eTextbook and Media The company is considering a purchase of equipment that would reduce its direct labor costs by $110.000 and would change its manufacturing overhead costs to 30% variable and 70% pure commission basis for its sales statt. This would change selling expenses to 90% variable and 10 fred (assume total selling expense is $250.000, as abovel Compute (1) the contrib Round contribution margin ratio to 4 dec places, 0.2527 and other answers to decimal places, 2.520. Use the current your numbers for calculations $ 1. Contribution margin 2. Contribution margin ratio 3. Break-even point e Textbook and Media Save for Later units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $1,655,900; direct labor $250,000; administrative expenses $270,000 (20% variable and /P analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. ear. Assume that fixed costs will remain the same in the projected year.) place es. 0.5 and final answers to decimal places, es 2,510) its target? Ingat a loss? That is what is its margin of safety ratio? (Round answer to 1 decimal places 10.5) and would change its manufacturing overhead costs to 30% variable and 70% ed assume total manufacturing overhead cost is $343,000 as above). It is also considering switching to ed assume total selling expense is $250,000, bove). Compute (1) the contribution marginand (2) the contribution margin ratio, and recompute (3) the break-even point in sales dollars. 2,520. Use the current year numbers for calculations) Attempts of used Submit