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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? | |
If sales increase by 150 units, by how much should net income increase? | |
How many units would 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? | |
(no commas, $, or decimals except where indicated) |
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