Question Help Live Clusive offers tightly donercises deporting from several cities on these coast of the United States including Charleston, Baltimore, and Alexandria Diener se ticketssel for $50 per passenger Live It Cuisine's arbie cost of providing the devis 520 per passage, and the feed cost of operating the vesseirion salaries docking fees, and other experts $210.000 per month. The company's arrange acards to 20.00) more passagers Use the information to compute the following What is the contribution margin per passenger? What is the contribution marginal? Use the unit contribution margin to properwing income money is total 17.000 passengers d. Use the contribution margin to project operating income monthly is even to $400.000 What is the corbution maryn per passenger? Find the forme encore e coronari per sales pics per passenger - Corso main personer What is the convittorin tortor marginato as a whole percent) Frientify the form the compute the contribution mainio Cortinari per passer Sales Brice persone Cortion margin 30 5 50 6. Use the contribution margin to protecting income il montes al 17.000 passengers The operating income is Alderman Dry Cleaners has determined the following about its costs: Total variable expenses $30.000 tot fed experies are $27,000, and the revenue needed to break even is 45,000. Determine the company's current 1) sales revenue and operating income. (Hint First find the corrosion marginalio, the prepare the contribution margin income statement) Use the contribution margin income vivement and the short contrbution margin proches to determine Ndermar's current (1) sales revenue and operating income Begin by computing the contribution margin rationer the result as a whole number) The contrario Prepare the con mari income statement of the coated sales level Alderman Drycleaners Contribution Margin income Statement L: Variable expenses Contribution margin Las Fuentes we demanding wees, and the producerend welcom Ww.contorno online company's more operating noon, nor resep was 750.000 Read the rements Requirement. To maranism of prof, whates ourne Wian now ach? Begin by denying he tomato complements at various levels of operating income using the contin war in aproach and expenses Opewing income Coon giro - Target was in die Round your rower up to the whole Wiliamus now achieve we of to maintain the same level of prot UU. all ILUS TIRU He e increased raw material costs. William's contribution margin has shrunk to 70% of revenues. The company's monthly operating in sales volume (in sales revenue) must William now achieve? mits at various levels of operating income using the contribution margin approach. me )/ Contribution margin ratio Target sales in dollars 0 Requirements - - X aintain the same 1. To maintain this same level of profit, what sales volume (in sales revenue) must William now achieve? 2. William believes that his monthly sales revenue will only go as high as $1,020,000. He is thinking about moving operations overseas to cut fixed costs. If monthly sales are $1,020,000, by how much will he need to cut fixed costs to maintain his prior profit level of $258,000 per month? Print Done ek Answer USURLU Live It Cruiseline offers nightly dinner Cruises departing from several cities on the eastern coast of Use this information to compute the following: the United States including Charleston, Batimore, and Alexandria, Dinner Cruise tickets sell for $50 per passenger. Live It Cruisine's variable cost of providing the dinner is $20 per passenger, and a. What is the contribution margin per passenger? the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is b. What is the contribution margin ratio? $210,000 per month. The company's relevant range extends to 20,000 monthly passengers c. Use the unit contribution margin to project operating income monthly sales total 17.000 passengers d. Use the contribution margin ratio to project operating income monthly sales revenue total $490,000 a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger Sales price per passenger Variable cost per passenger - Contribution margin per passenger $ 50 20 30 b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent) First identify the formula, then compute the contribution margin ratio Contribution margin per passenger Sales price per passenger - Contribution margin ratio 30 50 60% c. Use the unit contribution margin to project operating income il monthly sales total 17.000 passengers The operating income is $ Enter any number in the edit fields and then click Check Answer Clear All Check Answer part 1 remaining Alderman Dry Cleaners has determined the following about its costs: Total variable expenses are $39,000, total fixed expenses are $27.000, and the sales revenue needed to break even is $45,000 Determine the company's current 1) sales revenue and 2) operating income. (Hint: First, find the contribution margin ratio, then prepare the contribution margin income statement) Use the contribution margin income toment and the shortout contribution margin approaches to determino Aldoman's current (1) sales revenue and (2) operating income. Begin by computing the contribution margin ratio (Enter the result as a whole number) The contribution margin ratio is 60 Prepare the contribution margin income statement at the calculated sales level Alderman Drycleaners Contribution Margin Income Statement Sales revenue Less: Variable expenses Contribution margin Less: Food expenses Operating income (los) Wiliam's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $600,000 and a contribution margin of 90% of revenues Wiliam feels like he's in a giant squeeze play. The automotive manufacturers are demanding lower prices, and the stoel producers have increased raw material costs. William's contribution margin has shrunk to 70% of revenues. The company's mothy operating income, prior to these pressures, was $250,000 Read the requirements Requirement 1. To maintain this same level of profit, what sales volume (in sales revenue) must Wiliam now achieve? Begin by identifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach Food expenses Operating income Contribution margin ratio - Target sales in dollars (Round your answer up to the nearest whole dollar) Wiliam must now achieve sales of $ to maintain the same level of profit of profit, what sales volume (in sales revenue) must William now achieve? the sales in units at various levels of operating income using the contribution margin approach. perating income Amania e dollar.) Requirements to 1. To maintain this same level of profit, what sales volume (in sales revenue) must William now achieve? 2. William believes that his monthly sales revenue will only go as high as $1,020,000. He is thinking about moving operations overseas to cut fixed costs. If monthly sales are $1,020,000, by how much will he need to cut fixed costs to maintain his prior profit level of $258,000 per month? Print Done d then click Check Answer. Clear All Tuffet Seating Company is currently seling 2.500 oversized bean bag chairs a month at a price of $90 per chair. The variable cost of each chair sold includes 565 to purchase the bean bag chairs from suppliers and a $4 sales commission Fixed costs are $14,000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating Income Read the requirements Requirement 1. Prepare the company's current contribution margin income statement. (Une parentheses or a minus sign for an operating loss.) Tuffet Seating Company Contribution Margin Income Statement Sales revenue Variable expenses Cost of goods sold Operating expenses Contribution margin Fred expenses Operating income foss) Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check Answer Requirements 1. Prepare the company's current contribution margin income statement. 2. Calculate the change in operating income that would result from implementing each of the following independent strategy alternatives. Compare each alternative to the current operating income as you calculated in Requirement 1. Consider each alternative separately. a. Alternative 1: The company believes volume will increase by 14% if salespeople are paid a commission of 9% of the sales price rather than the current $4 per unit. b. Alternative 2: The company believes that spending an additional $7,000 on advertising would increase sales volume by 11%. c. Alternative 3: The company is considering raising the selling price to $100, but believes volume would drop by 12% as a result d. Alternative 4: The company would like to source the product from domestic suppliers who charge $11 more for each unit. Management believes that the "Made in the USA" label would increase sales volume by 14% and would allow the company to increase the sales price by $6 per unit. In addition, the company would have to spend an additional $1,500 in marketing costs to get the word out to potential customers of this change. oka Print Done