Answered step by step
Verified Expert Solution
Question
1 Approved Answer
foundational chapter 3 questions. need just the answers. pls and thanks [The following information applies to the questions displayed below) Oslo Company prepared the following
foundational chapter 3 questions. need just the answers. pls and thanks
[The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1.500 units) C Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places) 2. What is the contribution margin ratio? (Enter your answer as a percentage rounded to 2 decimal places (ie. 0.13579 should be entered as 13.58).) 3. 3. What is the variable expense ratio? (Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34). 4. 4. sales increase to 1,001 units, what would be the case operating income? (Round your answer to 2 decimal places) Sif sales decine to 900 unts, what would be the net operating income? (Do not round intermediate calculations) 6. If the selling price increases by 5160 per unit and the decreases by 100 unts, what would be the net operating income (Do not round intermediate calculations) 7 7. the variable cost per un increases by 5.10. spending on desing increases by $1.100, and unit sales increase by 250 units, what would be the operating income? (Do not round intermediate calculations) 8. What is the break-even point in unit sales? (Do not round intermediate ) 8 8. What is the break even point in unt sales? (Do not runt intermediate calculations) 9. 9. What is the break even point in dollar sales Roundmediate calculations de 4 decimal place. Round your answer to the eart domu 10 10. How many units must be sold to achieve a target prole of $79067 Do not round intermediate calculations 11. 11. What is the margin of safety in dotars? (Do not round intermediate calculations) 11-6. What is the margin of safety percentage (Round your finalwers to the nearest whole percentage, 12 should be entered as 123 12 12 12. What is the degree of operating leverage? (Round your answer to 2 decimal places 13 13. Using the degree of operating iverage, what is het percent increase in operating income of a 4% increase in sale? (Do not round intermediate calculations Round your percentage answer to 2 decimal places.1234 should be entered as 12.34) 14 14. Assume that the amounts of the company's totalable expenses and totalfred expenses were reversed. In other words assumere decompenses are $7.788 and the total fixed expenses are $13.900. Under this scenario and assuming that total sales remain the same. what is the degree of operating leverage? Round your answer to 2 decimal places.) 15. 15 Assume that the amounts of the company's totales and totalfired expenses were reversed. In other words, astume that the variable expenses are 57.788 and the total fixed expenses are $13.900. Geen this scenario, and assuming that total sales remain the same calculate the degree of operating leverage Using the calculated degree of operating leverage, what is the estimated percent increase in operating income of a 4% increase in sales? Do not round armediate calculations Round your percentage answer to 2 decimal places.1234 should be entered as 12.341 [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1.500 units) C Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places) 2. What is the contribution margin ratio? (Enter your answer as a percentage rounded to 2 decimal places (ie. 0.13579 should be entered as 13.58).) 3. 3. What is the variable expense ratio? (Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34). 4. 4. sales increase to 1,001 units, what would be the case operating income? (Round your answer to 2 decimal places) Sif sales decine to 900 unts, what would be the net operating income? (Do not round intermediate calculations) 6. If the selling price increases by 5160 per unit and the decreases by 100 unts, what would be the net operating income (Do not round intermediate calculations) 7 7. the variable cost per un increases by 5.10. spending on desing increases by $1.100, and unit sales increase by 250 units, what would be the operating income? (Do not round intermediate calculations) 8. What is the break-even point in unit sales? (Do not round intermediate ) 8 8. What is the break even point in unt sales? (Do not runt intermediate calculations) 9. 9. What is the break even point in dollar sales Roundmediate calculations de 4 decimal place. Round your answer to the eart domu 10 10. How many units must be sold to achieve a target prole of $79067 Do not round intermediate calculations 11. 11. What is the margin of safety in dotars? (Do not round intermediate calculations) 11-6. What is the margin of safety percentage (Round your finalwers to the nearest whole percentage, 12 should be entered as 123 12 12 12. What is the degree of operating leverage? (Round your answer to 2 decimal places 13 13. Using the degree of operating iverage, what is het percent increase in operating income of a 4% increase in sale? (Do not round intermediate calculations Round your percentage answer to 2 decimal places.1234 should be entered as 12.34) 14 14. Assume that the amounts of the company's totalable expenses and totalfred expenses were reversed. In other words assumere decompenses are $7.788 and the total fixed expenses are $13.900. Under this scenario and assuming that total sales remain the same. what is the degree of operating leverage? Round your answer to 2 decimal places.) 15. 15 Assume that the amounts of the company's totales and totalfired expenses were reversed. In other words, astume that the variable expenses are 57.788 and the total fixed expenses are $13.900. Geen this scenario, and assuming that total sales remain the same calculate the degree of operating leverage Using the calculated degree of operating leverage, what is the estimated percent increase in operating income of a 4% increase in sales? Do not round armediate calculations Round your percentage answer to 2 decimal places.1234 should be entered as 12.341 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