Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sit m mm .xls Sales $750,000 Contribution Margin Ratio 70% Degree of Operating Leverage 10 8. Use the three figures given above for Boston Co.

image text in transcribed
sit m mm .xls Sales $750,000 Contribution Margin Ratio 70% Degree of Operating Leverage 10 8. Use the three figures given above for Boston Co. and the formulas for Contribution Margin Ratio and Degree of Operating Leverage to determine their current net income a $22,500 c. $52,500 b. $49,000 d. $225,000 9 If Boston's sales increase by $60,000, net income for the company will increase by: a. 80% c. 70% b. 75% d. 114% w dod xls .xls wit Isx vith ds. ution Question 10 refers to the following: Henning Corporation produces and sells two models of hair dryers, Standard and Deluxe. The company has provided the following monthly data relating to these two products. Standard Deluxe Selling price per unit $45 $60 Variable cost 15 33 Expected monthly sales in units 600 1,200 2. mula u me-Pi Total monthly fixed cost $33,600 Sblem oblem 10. The break-even in units for the expected sales mix is (rounded) a 200 and 400 units, respectively c. 300 and 600 units, respectively b. 500 and 1000 units, respectively d. 400 and 800 units, respectively

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

Using Microsoft Excel And Access 20 For Accounting

Authors: Glenn Owen

5th Edition

133751229X, 9781337512299

More Books

Students also viewed these Accounting questions