Question
The following is Tucker Inc.'s contribution format income statement for last month: Sales $700,000 Less variable expenses 200,000 Contribution margin 500,000 Less fixed expenses 300,000
The following is Tucker Inc.'s contribution format income statement for last month: Sales $700,000 Less variable expenses 200,000 Contribution margin 500,000 Less fixed expenses 300,000 Net income $200,000 The company has no beginning or ending inventories. The company produced and sold 12,000 units last month. If the number of units sold increases by 20%, how much will net income increase? 100000 If sales increase by 150 units, by how much should net income increase? 6250 How many units would the
| the company have to sell to attain target profits of $110,000 based on selling 12,000 units? | |
| What is the contribution margin ratio when 12,000 units are sold? Do not show as a percentage, show as a decimal to two decimal places (For example: 0.XX) | |
| What is the break-even in sales dollars when 12,000 units are sold? | |
| What is the break-even in units when 12,000 units are sold? | |
| What is the margin of safety in dollars when 12,000 units are sold? | |
| What is the company's margin of safety percentage when 12,000 units are sold? Do not show as a percentage, show as a decimal to two decimal places (For example: 0.XX) | |
| What is the degree of operating leverage when 12,000 units are sold? |
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Loss Control Auditing A Guide For Conducting Fire Safety And Security Audits
Authors: E. Scott Dunlap
2nd Edition
103244293X, 978-1032442938
