Question

In: Accounting

The following data are for Trendy Fashion Apparel: North South Sales volume (units):     Blouses 5,141 4,403    ...

The following data are for Trendy Fashion Apparel:

North South
Sales volume (units):
    Blouses 5,141 4,403
    Skirts 3,480 8,091
Sales price per unit:
    Blouses $21 $18
    Skirts $19 $16
Variable cost per unit
    Blouses $7 $7
    Skirts $12 $12

Determine the contribution margin for the following:

a. Skirts $fill in the blank 1
b. The South Region $fill in the blank 2

Solutions

Expert Solution

Answer

a.

North South
Sales price per unit $       19 $             16
Variable cost per unit $       12 $             12
Contribution margin per unit $         7 $               4
Sales volume 3,480 8,091
Contribution margin $24,360 $      32,364
Contribution margin for Skirts = $24360+32364 = $56,724
b.
Blouses Skirts
Sales price per unit $       18 $             16
Variable cost per unit $         7 $             12
Contribution margin per unit $       11 $               4
Sales volume 4,403 8,091
Contribution margin $48,433 $      32,364
Contribution margin for the South Region = $48433+32364 = $80,797

Related Solutions

The following data are for Trendy Fashion Apparel: North South Sales volume (units):     Blouses 5,070 4,042    ...
The following data are for Trendy Fashion Apparel: North South Sales volume (units):     Blouses 5,070 4,042     Skirts 3,082 7,509 Sales price per unit:     Blouses $21 $17     Skirts $16 $17 Variable cost per unit     Blouses $6 $6     Skirts $12 $12 Determine the contribution margin for the following: a. Skirts $ b. The South Region $
The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,000 5,000...
The following data are for Trendy Fashion Apparel: North South Sales volume (units): Blouses 5,000 5,000 Skirts 4,000 8,000 Sales price per unit: Blouses $20.00 $22.00 Skirts $18.00 $20.00 Variable cost per unit Blouses $7.00 $9.00 Skirts $9.00 $11.00 Determine the contribution margin for the following: a. Skirts $ b. The South Region $
Contribution Margin by Segment The following data are for Moss Creek Apparel: East West Sales volume...
Contribution Margin by Segment The following data are for Moss Creek Apparel: East West Sales volume (units):     Product XX 8,500 9,400     Product YY 5,200 9,600 Sales price:     Product XX $12 $10     Product YY $16 $15 Variable cost per unit:     Product XX $7 $7     Product YY $10 $10 a. Determine the contribution margin for Product YY. $ b. Determine the contribution margin for the West Region. $
Data on the two products are as follows : Alpha BETA Sales in volume in units...
Data on the two products are as follows : Alpha BETA Sales in volume in units 520 420 units sale price $300 $400 units variable cost 200 240 units contribution margin $100 $160 Total fixed costs for the manufacture of both products are $100,000. Assuming that sales mix in terms of unit remains constant, what is the breakeven point in total revenue dollars?
Use the Internet to find data for GDP in North Korea and South Korea, going back...
Use the Internet to find data for GDP in North Korea and South Korea, going back as far as possible. Look at the trends and interpret them in terms of the comparison between central planning and the market economy. Carefully document your sources.Use the Internet to find data for GDP in North Korea and South Korea, going back as far as possible. Look at the trends and interpret them in terms of the comparison between central planning and the market...
Oslo Company prepared the following contribution incomestatement based on sales volume of 1000 units the...
Oslo Company prepared the following contribution income statement based on sales volume of 1000 units the relevant range of production is 500 units to 1500 units):Sales $95,000Variable expenses 5700contribution margin 38000fixed expenses 31,920Net operating income $60801. WHAT is the contribution margin per unit ?2.What is the contribution margin per ration?3.If sales increase to 1001,units what would be the increase in net operating income?4.If sales decline to 900 units, what would be the net operating income?5.What is the break even point...
The South Division of Wiig Company reported the following data for the current year. Sales $2,950,000...
The South Division of Wiig Company reported the following data for the current year. Sales $2,950,000 Variable costs 1,947,000 Controllable fixed costs 605,000 Average operating assets 5,000,000 Top management is unhappy with the investment center’s return on investment (ROI). It asks the manager of the South Division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the following independent courses of action. 1. Increase sales by $300,000 with no change in...
The South Division of Bonita Company reported the following data for the current year. Sales $3,000,000...
The South Division of Bonita Company reported the following data for the current year. Sales $3,000,000 Variable costs 1,980,000 Controllable fixed costs 600,000 Average operating assets 5,000,000 Top management is unhappy with the investment center’s return on investment (ROI). It asks the manager of the South Division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the following independent courses of action. 1. Increase sales by $300,000 with no change in...
The following data represent the 2019 monthly sales in units for the Pacific Region Sales Team...
The following data represent the 2019 monthly sales in units for the Pacific Region Sales Team of QualCase, Inc. Month Units sold (xi) (x – x-bar) Squared values Divide total by n-1 SQRT Jan 73 | | Feb 79 | | Mar 76 | | Apr 79 | | May 80 | | Jun 78 | | Jul 77 | | Aug 78 | | Sep 75 | | Oct 72 | | Nov 75 | | Dec 82 V...
Determining Missing Items from Computations Data for the North, South, East and West divisions of Free...
Determining Missing Items from Computations Data for the North, South, East and West divisions of Free Bird Company are as follows: Sales Income from Operations Invested Assets Return on Investment Profit Margin Investment Turnover North $860,000 (a) (b) 17.5% 7.0% (c) South (d) $51,300 (e) (f) 4.5% 3.8 East $1,020,000 (g) $680,000 15.0% (h) (i) West $1,120,000 $89,600 $560,000 (j) (k) (l) a. Determine the missing items, identifying each by the letters (a) through (l). If required, round percents and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT