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Problem 81 26 27 28 29 30 31 32 33 34 35 36 37 Ben's Busiate Corp. has provided you with the following annual information
Problem 81 26 27 28 29 30 31 32 33 34 35 36 37 Ben's Busiate Corp. has provided you with the following annual information regarding operating revenue and costs: Sales Revenue $ 13,200,000 Fixed Variable a b 38 39 40 Expenses Compensation costs Utilities Advertising Insurance Variable costs Total Cost as a % of sales 6,063,000 36.00% 1,310,000 d + 5.00% 1,188,000 2.00% 42 924,000 272,000 192,000 64,000 992,334 Supplies Professional fees Other SG&A expenses 43 64,000 1.784,334 m n Required: FILL the values for an Prepare an income statement using the contribution margin format assuming a tax rate of 40% nD Problem 82 For 2020 Rocio's Rotelle, Ltd. reported the following revenue and expenses: 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 Sales revenue Fixed costs Variable costs $ 6,200,000 $ 2,546,000 $ 3,844,000 Calculate the breakeven sales for Rocio How much total revenue is required to generate in order to have $190,000 of pre-tax income b c How much total revenue is required to generate to attain Income before tax which is 8% of sales d How much total revenue is required to generate to have Net Income of $272,000 (32% tax rate) How much total revenue is required to generate to have Net Income which is 3.4% of sales (32% tax rate) 34 Sales Revenue 35 36 37 38 Variable costs as a % of sales Fixed Variable Total Cost 39 40 Expenses Compensation costs Utilities Advertising Insurance Supplies Professional fees Other SG&A expenses 41 42 43 44 45 46 47 48 Required: a. FILL the values for a --->n 49 50 Prepare an income statement using the contribution margin format assuming a tax rate of 40% 51
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