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In: Accounting
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in...
Cost-Volume-Profit Relations: Missing Data
Following are data from 4 separate companies. Supply the missing data in each independent case.
| Case 1 | Case 2 | Case 3 | Case 4 | |
|---|---|---|---|---|
| Sales revenue | $90,000 | $150,000 | Answer | Answer |
| Contribution margin | $45,000 | Answer | $40,000 | Answer |
| Fixed costs | $30,000 | Answer | Answer | Answer |
| Net income | Answer | $15,000 | $24,000 | Answer |
| Variable cost ratio | Answer | 0.40 | Answer | 0.60 |
| Contribution margin ratio | Answer | Answer | 0.25 | Answer |
| Break-even point (dollars) | Answer | Answer | Answer | $150,000 |
| Margin of safety (dollars) | Answer | Answer | Answer | $125,000 |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in...
Cost-Volume-Profit Relations: Missing Data
Following are data from 4 separate companies. Supply the missing
data in each independent case
Case A
Case B
Case C
Case D
Unit Sales
1,000
800
Answer
Answer
Sales revenue
$20,000
Answer
Answer
$60,000
Variable cost per unit
$10
$2
$10
Answer
Contribution margin
Answer
$800
Answer
Answer
Fixed Costs
$8,100
Answer
$60,000
Answer
Net income
Answer
$600
Answer
Answer
Unit contribution margin
Answer
Answer
Answer
$13
Break-even point (units)
Answer
Answer
4,000
2,000
Margin...
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in...
Cost-Volume-Profit Relations: Missing Data
Following are data from 4 separate companies. Supply the missing
data in each independent case
Case A
Case B
Case C
Case D
Unit Sales
1,000
800
Answer
Answer
Sales revenue
$20,000
Answer
Answer
$60,000
Variable cost per unit
$10
$2
$10
Answer
Contribution margin
Answer
$800
Answer
Answer
Fixed Costs
$8,100
Answer
$60,000
Answer
Net income
Answer
$600
Answer
Answer
Unit contribution margin
Answer
Answer
Answer
$13
Break-even point (units)
Answer
Answer
4,000
2,000
Margin...
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in...
Cost-Volume-Profit Relations: Missing Data
Following are data from 4 separate companies. Supply the missing
data in each independent case.
Case 1
Case 2
Case 3
Case 4
Sales revenue
$100,000
$90,000
Answer
Answer
Contribution margin
$40,000}
Answer
$20,000
Answer
Fixed Costs
$24,000
Answer
Answer
Answer
Net income
Answer
$7,000
$9,000
Answer
Variable cost ratio
Answer
0.50
Answer
0.20
Contribution margin ratio
Answer
Answer
0.40
Answer
Break-even point (dollars)
Answer
Answer
Answer
$20,000
Margin of safety (dollars)
Answer
Answer
Answer
$30,000
Cost-Volume-Profit Relations: Fill in Missing Data Following are data from 4 different companies. Provide the missing...
Cost-Volume-Profit Relations: Fill in Missing Data
Following are data from 4 different companies. Provide the missing
data in each case
Case A
Case B
Case C
Case D
Unit Sales
1,000
800
Answer
Answer
Sales revenue
$20,000
$Answer
$Answer
$60,000
Variable cost per unit
$10
$2
$14
$Answer
Contribution margin
$Answer
$800
$Answer
$Answer
Fixed Costs
$8,300
$Answer
$100,000
$Answer
Net income
$Answer
$600
$Answer
$Answer
Unit contribution margin
$Answer
$Answer
$Answer
$12
Break-even point (units)
Answer
Answer
4,000
2,000...
Compute the missing amount for each of the following separate companies in columns B through E....
Compute the missing amount for each of the following separate
companies in columns B through E. (Losses
and amounts to be deducted should be indicated with a minus
sign.)
CBS
ABC
CNN
Equity, beginning of year
$0
$0
$0
$0
Owner investments during the year
110,000
98,560
220,736
Dividends during the year
(54,000)
(9,000)
(54,000)
Net income (loss) for the year
106,000
54,640
(5,000)
Equity, end of year
$112,000
$108,640
$120,736
Cost volume & profit
What is break-even point ?
Fill in the missing amounts for the following 4 companies. Each case is independent of the...
Fill in the missing amounts for the following 4 companies. Each
case is independent of the others. Assume that only one product is
being sold by each company:
Company A
Company B
Company C
Company D
Units Sold
600
900
Sales in Dollars
$30,000
$63,000
$235,000
$
Total Variable Expenses
$6,600
$
$
$135,000
Per Unit C/M
$
$60
$270
$140
Total Fixed Expenses
$20,600
$35,000
$144,000
$
Net Operating Income (Loss)
$
$7,000
$(9,000)
$(25,000)
How do hotels use cost-volume-profit analysis? How does the business benefit from using cost-volume-profit? Does it...
How do hotels use cost-volume-profit analysis?
How does the business benefit from using
cost-volume-profit?
Does
it have a low or high degree of operating leverage?
Process Cost Accounting & Cost-Volume-Profit Analysis This module focuses on measuring costs in process production companies....
Process Cost Accounting & Cost-Volume-Profit Analysis
This module focuses on measuring costs in process production
companies. We explain process production, describe how to assign
costs to processes, and compute and analyze cost per equivalent
unit. Discuss two of the three topics:
What is meant by equivalent units of production, and why are
they important when a process costing system is used?
What are the four steps in accounting for production activity in
a period?
Job order costing and process costing...
2. Cost-Volume-Profit (CVP)
2. Cost-Volume-Profit
(CVP)
40 points
a. Assignment Question on Cost Volume Profit
(CVP)
MMC Nutri Company is a small family fast food restaurant that
opened in 2015, serving tropical cuisine to its mainly
Afro-American, Asian and African customers. Because of its hot
ingredients, few others patronize the food.
This business serves its popular dish Jollof rice, fish or meat
stew, and rice flour porridge, as a meal for $9 a serving. Its
variable cost per serving is $4.10 and...
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