The section of Waterways that produces controllers for the company provided the following information. Sales for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The section of Waterways that produces controllers for the company provided the following information. Sales for month of February: 3,900 Unit variable manufacturing cost: $9.00 Unit selling price: $46.00 Fixed manufacturing overhead cost (per month for controllers): $82,000 Unit variable selling and administrative costs: $4.80 Fixed selling and administrative expenses (per month for controllers): $12,850 Using this information for the controllers, determine the contribution margin ratio, the degree of operating leverage, the break-even point in sales dollars, and the margin of safety ratio for Waterways Corporation on this product. Contribution Margin Ratio (Round to O decimal places, e.g. 25%.) Degree of Operating Leverage (Round to 2 decimal places, e.g. 5.25.) Break-even Point in Dollars Margin of Safety Ratio (Round to 1 decimal place, e.g. 5.2%.) Save for Later $ % % Attempts: 0 of 2 used Submit Answer The section of Waterways that produces controllers for the company provided the following information. Sales for month of February: 3,900 Unit variable manufacturing cost: $9.00 Unit selling price: $46.00 Fixed manufacturing overhead cost (per month for controllers): $82,000 Unit variable selling and administrative costs: $4.80 Fixed selling and administrative expenses (per month for controllers): $12,850 Using this information for the controllers, determine the contribution margin ratio, the degree of operating leverage, the break-even point in sales dollars, and the margin of safety ratio for Waterways Corporation on this product. Contribution Margin Ratio (Round to O decimal places, e.g. 25%.) Degree of Operating Leverage (Round to 2 decimal places, e.g. 5.25.) Break-even Point in Dollars Margin of Safety Ratio (Round to 1 decimal place, e.g. 5.2%.) Save for Later $ % % Attempts: 0 of 2 used Submit Answer
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
What teacher techniques for encourage positive social behaviors discuss the value of spending individual time with each child in order to give each child focused attention. Also describe how would...
-
The following items were shown on the balance sheet of Martin Corporation on December 31, 2021: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 750,000 shares...
-
Explain how current economic indicators, such as inflation and unemployment, affect you personally. Explain how they may affect you as a manager.
-
The identical twins Speedo and Goslo join a migration from the Earth to Planet X. It is 20.0 ly away in a reference frame in which both planets are at rest. The twins, of the same age, depart at the...
-
Arlene Lavoie practiced law with a partnership for 10 years. Recently she opened her own law office, which she operates as a professional corporation. The name of the new entity is Arlene Lavoie,...
-
Hart Corporation is a chemical company that produces cleaning fluids of different types; it is the main employer in a small town. Stan Hart has been the company president for 15 years and is paid a...
-
In 2022, Wanda Inc. decided NOT to pay any dividends. The shareholder equity section of balance sheet as at December 31, 2022 included the following: Common shares, 38,000 shares outstanding...
-
Grimault a sole trade, extracted the trial balance (below) as at 30 June 2018, which doesn't balance so he has opened a suspense for the difference of Debit 7,200. Uncorrected Trial Balance as at 30...
-
Which of the following procedures would an auditor most likely perform in planning a financial statement audit? a. Inquiring of the client's legal counsel concerning pending litigation. b. Comparing...
-
Is $\mathrm{O}(2)$ an Abelian or a non-Abelian group?
-
Which of the following procedures would an auditor normally plan only for a first-time audit? a. Review litigation against the company that was settled in prior years. b. Review capital stock...
-
Prove that the cyclic group of order 3 does not have proper subgroups.
-
Prior to beginning interim work on a recurring audit, an auditor makes a preliminary judgment about materiality. Which of the following would not be an appropriate base for this decision? a....
-
Highlight the correct option for the following questions 31. When a firm expands in the production process to supply its own raw materials and intermediate products or to provide its own sales or...
-
Why is it important to understand the macro-environment when making decisions about an international retail venture?
-
What is the concept behind constructing an analysis pattern by using direct approach?
-
What is the concept behind constructing analysis pattern using analogy approach?
-
Explain the classification of analysis patterns based on the methodology of construction. Briefly describe each category.
Study smarter with the SolutionInn App