Cvp income statement including sales
Garland's CVP income statement included sales of 3,000 units, a selling price of $100, variable expenses of $60 per unit, and net income of $50,000. Fixed expenses are:
a. $70,000.00
b. $120,000.00
c. $180,000.00
d. $300,000.00
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Garrison Company recorded operating data for its shoe division for the year. The company's desired return is 5%. Which one of the following reflects the controllable margin for the year?
Ceatric's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2008?
If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?
In 2008, Masset sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $200,000. The same selling price, variable expenses, and fixed expenses are expected for 2009. What is Masset's break-even point in units
Vazquez Company's cost of goods sold is $350,000 variable and $200,000 fixed. The company's selling and administrative expenses are $250,000 variable and $300,000 fixed. If the company's sales are $1,400,000, what is its contribution margin?
a. What is the cost formula for utility expenses? b. What is the budgeted utility cost for September 2011 if 31,250 machine hours are projected?
How much higher (or lower) would the company's first-year net income have been if absorption costing had been used rather than variable costing? Show computations.
On July 1 the Winter Shoe Store paid $12,000 to Ace Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount, and all of the six month's rent amounts are the same. If financial statements are prepared on July 31, the
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