Business, 07.04.2020 16:24 monyeemonyee12
Viejol Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $250,000 (40% variable and 60% fixed), direct materials $490,000, direct labor $290,000, administrative expenses $270,000 (20% variable and 80% fixed), and manufacturing overhead $380,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
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Viejol Corporation has collected the following inf
Viejol Corporation has collected the following inf
Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
(1) Contribution margin for current year
$
Contribution margin for projected year
$
(2) Fixed Costs
$
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Viejol Corporation has collected the following inf
Viejol Corporation has collected the following inf
Compute the break-even point in units and sales dollars for the current year. (Round intermediate calculations to 2 decimal places e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.)
Break-even point in units
units
Break-even point in dollars
$
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Viejol Corporation has collected the following inf
Viejol Corporation has collected the following inf
The company has a target net income of $200,000. What is the required sales in dollars for the company to meet its target? (Round answer to 0 decimal places, e. g. 1,225.)
Sales dollars required for target net income
$
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Viejol Corporation has collected the following inf
Viejol Corporation has collected the following inf
If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin of safety ratio? (Round answer to 1 decimal place, e. g. 10.5.)
Margin of safety ratio
%
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Viejol Corporation has collected the following information after its first year of sales. Sales were...
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