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Please show work and explain these 3 problems. thank u In 2016, Manhoff Company had a break-even point of $385,000 based on a of $9
Please show work and explain these 3 problems. thank u
In 2016, Manhoff Company had a break-even point of $385,000 based on a of $9 per unit and fixed costs of $168,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $454,000 selling price Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g. 25.) Variable costs per unit Contribution margin ratio LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Compute the increase in fixed costs for 2017. (Round answer to 0 decimal places, e.g. 1,225.) Increase in fixed cost $ Exercise 18-15 Yams Company reports the following operating results for the month of August: sales $365,000 (units 5,000), variable costs $247,000, and fixed costs $99,000. Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 11% with no change in total variable costs or units sold. 2. Reduce variable costs to 63% of sales. Compute the net income to be earned under each alternative. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answer to 0 decimal places, e.g. 12,125.) 1. Net Income 2. Net Income Which course of action will produce the higher net income? Open Show Work Click if you would like to Show Work for this question: Presto Company makes radios that sell for $28 each. For the coming year, management expects fixed costs to total $256,300 and variable costs to be $10.64 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio (Round answer to 0 decimal places, e.g. 1,225.) Break-even point LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $875,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of safety % LINK TO TEXT Compute the sales dollars required to earn net income of $346,092 Required salesStep by Step Solution
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