Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me to solve this with an explantion Thanks! The Incredible Sub owns and operates six stores in and around Minneapolis. You are given

please help me to solve this with an explantion
Thanks!
image text in transcribed
image text in transcribed
image text in transcribed
The Incredible Sub owns and operates six stores in and around Minneapolis. You are given the following corporate budget data for next year (Click the icon to view the corporate budget data.) *** Begin by completing the table for the original information provided, then complete the table for each case, one at a time Contribution Revenues Variable costs Budgeted operating income margin Fixed costs Original Data table - Revenues Fixed costs Variable costs $10.900.000 1.500.000 $ 8.200.000 Print Done Help me so Variable costs change based on the number of subs sold. Requirement Compute the budgeted operating income for each of the following deviations from the original budget data. (Consider each case independently) (Click the icon to view the cases.) a time, (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell) - Cases N 1. A 12% increase in contribution margin holding revenues constant 2. A 12% decrease in contribution margin, holding revenues constant 3. A 4% increase in fixed costs 4. A 4% decrease in fixed costs 5. An 8% increase in units sold 6. An 8% decrease in units sold 7. A 12% increase in fixed costs and a 12% increase in units sold 8. A4% increase in fixed costs and a 4% decrease in variable costs 9. Which of these alternatives yields the highest budgeted operating income? Explain why this is the case Check answer Print Done The Incredible hwn and operates were in and wound Mapou You are the two corporate budget data for next year m Click the icon to view the corporate budget data) Variations need on the month of Requirement Com the pering income wat wiedevations to the right Consider the pendently Click the icon to the Begin by completing the table for the original information provided the complete the reach one of time for the states the program Contribution Budget Revenues Variable costs margin Fixed costs operating - X Cases Original - X Data table 1. A 125 recomien marging con 2. A 12 Wantributin maining vos com 3. A4% increase in fed costs A4% din cost 5. Ant sold & Andersen its sold 7. A 12 increase in become and increased 2 Ainin red contrasen variable 5. Which of these are als the budged operating Income? Explain why this is the cast Revens Fixed costs Variable costs $10.900.000 $ 1500 000 $3200.000

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

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

More Books

Students also viewed these Accounting questions