Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Use the information below to answer questions 1-11 1-11 Mobilejo co Contribution Income Statement For the financial year ended June 30, 2020 Total.............. Per Unit

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Use the information below to answer questions 1-11 1-11 Mobilejo co Contribution Income Statement For the financial year ended June 30, 2020 Total.............. Per Unit Sales (85 Mobiles) $49.300... $580 Variable expenses. 32.045. 377 Contribution margin. 17,255. $203 Fixed expenses. 13,804 Net operating income....... $ 3.451 The contribution margin ratio is -1 925 O 0 Nothing mentioned ( ) 9620 O 9640 0 9635 33 If MobileJoco. plans a $15,000 increase in sales during the coming year, the target operating-2 :profit should increase by 6000 a 3750 O 4950 5,250 0 : ) (Y) Nothing mentioned The break-even point in unit is-3 55 O 68 O 38 75 O 5 _ Nothing mentioned ( The break-even point in sales $ is -4 38,646 O 37,870 O 45,540 O 39.440 O Nothing mentioned ( 42,380 0 The sales volume (in unit) needed to attain $6293 target operating profit is -5 199 400 C 99 C 399 0 299 Nothing mentioned ( ) 195 The dollar sales needed to attain $6293 target operating profit is -6 59,350 O 0 Nothing mentioned ( ) 57,420 59,330 O 47,963 55,360 59,320 0 57.240 Margin of safety in dollars is -7 9,369 O 9,558 O 9,670 Nothing mentioned ( ) 9,680 9,880 :Margin of safety (in dollars) percentage is -8 9625 Nothing mentioned ( ) 933 0 9617.5 9640 0 9620 :35 * :Degree of operating leverage-9 10 O 8 O 30 60 12 O 50 Nothing mentioned ( ) 70 If sales increase by 8.8%, the Percentage change in net operating income is -10 %45 %18.18 9622 9633 9844 Nothing mentioned ( ) 9635

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

12th edition

978-0131495388

Students also viewed these Accounting questions