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12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Homework: Chapter M:5 Homework < Question 1, EM5-22 (similar to) > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Robert Street Barber Shop pays $30 per month for water for the first 15,000 gallons and $2.50 per thousand gallons above 15,000 gallons. Calculate the total water cost when the barber shop uses 12,000 gallons, 16,000 gallons, and 21,000 gallons. Question list K Question 1 Question 2 Question 3 Question 4 Question 5 (Do not round interim calculations. Round your final answers to the nearest cent.) Usage 12,000 gallons 16,000 gallons| 21,000 gallons Total Water Cost Help me solve this Demodocs example Get more help Clear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Homework: Chapter M:5 Homework K Question 2, EM5-24 (similar to) > Part 1 of 3 HW Score: 0%, 0 of 5 points O Points: 0 of 1 For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global'srelevant range is between sales of $250,000and $367,000. Read the requirements. Question list Question 1 Question 2 Question 3 Question 4 Question 5 Help me solve this ... Save Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) Requirements = Contribution margin ratio 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $250,000 sales level and one at the $367,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Print Done - % Data table - Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 318,500 111,475 Variable Costs Contribution Margin 207,025 176,000 Fixed Costs $ 31,025 Operating Income 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework Question list K Question 1 Question 2 Question 3 Question 4 Question 5 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 3, EM5-32 (similar to) Part 1 of 12 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Roadhog Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Save Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter the amounts to calculate the contribution margin per unit for each situation. (Abbreviation used: CM = contribution margin.) Help me solve this Video Get mo Requirements = CM per unit 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $400 per student. C. d. Decrease variable costs to $80 per student. Decrease fixed costs to $123,200. 2. Compare the impact of changes in the sales price, variable costs, and fixed costs on the contribution margin per unit and the breakeven point in units. ear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 4, EM5-34 (similar to) Part 1 of 3 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Question list K Question 1 Robert's Repair Shop has a monthly target profit of $54,000. Variable costs are 20% of sales, and monthly fixed costs are $18,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Robert's margin of safety as a percentage of target sales. 3. Why would Robert's management want to know the shop's margin of safety? Question 2 Question 3 Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select the labels and enter the amounts to compute Robert's Repair Shop's monthly margin of safety in dollars. Margin of safety in dollars = Question 4 Question 5 Save Help me solve this Video Get more help Clear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework Question list K Question 1 Question 2 Question 3 Question 4 Question 5 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 5, EM5-36 (similar to) Part 1 of 5 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Stan's Scooters plans to sell a standard scooter for $450 and a chrome scooter for $550. Stan's purchases the standard scooter for $225 and the chrome scooter for $175. Stan's expects to sell one standard scooter for every three chrome scooters. Stan's monthly fixed costs are $216,000. Read the requirements. Requirement 1. How many of each type of scooter must Stan's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products-total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) Help me solve this Video Get mor + + Requirements 1. How many of each type of scooter must Stan's Scooters sell each month to break even? 2. How many of each type of scooter must Stan's Scooters sell each month to earn $607,500? 3. Suppose Stan's expectation to sell one standard scooter for every three chrome scooters was incorrect and for every four scooters sold two are standard scooters and two are chrome scooters. Will the breakeven point of total scooters increase or decrease? Why? (Calculation not required.) - = Required sales in units r all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Homework: Chapter M:5 Homework < Question 1, EM5-22 (similar to) > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Robert Street Barber Shop pays $30 per month for water for the first 15,000 gallons and $2.50 per thousand gallons above 15,000 gallons. Calculate the total water cost when the barber shop uses 12,000 gallons, 16,000 gallons, and 21,000 gallons. Question list K Question 1 Question 2 Question 3 Question 4 Question 5 (Do not round interim calculations. Round your final answers to the nearest cent.) Usage 12,000 gallons 16,000 gallons| 21,000 gallons Total Water Cost Help me solve this Demodocs example Get more help Clear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Homework: Chapter M:5 Homework K Question 2, EM5-24 (similar to) > Part 1 of 3 HW Score: 0%, 0 of 5 points O Points: 0 of 1 For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global'srelevant range is between sales of $250,000and $367,000. Read the requirements. Question list Question 1 Question 2 Question 3 Question 4 Question 5 Help me solve this ... Save Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) Requirements = Contribution margin ratio 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $250,000 sales level and one at the $367,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Print Done - % Data table - Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 318,500 111,475 Variable Costs Contribution Margin 207,025 176,000 Fixed Costs $ 31,025 Operating Income 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework Question list K Question 1 Question 2 Question 3 Question 4 Question 5 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 3, EM5-32 (similar to) Part 1 of 12 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Roadhog Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Save Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter the amounts to calculate the contribution margin per unit for each situation. (Abbreviation used: CM = contribution margin.) Help me solve this Video Get mo Requirements = CM per unit 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $400 per student. C. d. Decrease variable costs to $80 per student. Decrease fixed costs to $123,200. 2. Compare the impact of changes in the sales price, variable costs, and fixed costs on the contribution margin per unit and the breakeven point in units. ear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 4, EM5-34 (similar to) Part 1 of 3 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Question list K Question 1 Robert's Repair Shop has a monthly target profit of $54,000. Variable costs are 20% of sales, and monthly fixed costs are $18,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Robert's margin of safety as a percentage of target sales. 3. Why would Robert's management want to know the shop's margin of safety? Question 2 Question 3 Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select the labels and enter the amounts to compute Robert's Repair Shop's monthly margin of safety in dollars. Margin of safety in dollars = Question 4 Question 5 Save Help me solve this Video Get more help Clear all Check answer 12:31 PM Tue Feb 13 AA mylab.pearson.com 14 Tennessee State Uni... B BVT Publishing - Bu... D2L MyLab Statistics All... ACG2071 Managerial Accounting Spring 2024 CRN 21055 Homework: Chapter M:5 Homework Question list K Question 1 Question 2 Question 3 Question 4 Question 5 C + 42% Access Pearson (P) Pearson MyLab and... P] Do Homework - Cha... FRANCES RAMIREZ 02/13/24 1:31 PM Question 5, EM5-36 (similar to) Part 1 of 5 > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Stan's Scooters plans to sell a standard scooter for $450 and a chrome scooter for $550. Stan's purchases the standard scooter for $225 and the chrome scooter for $175. Stan's expects to sell one standard scooter for every three chrome scooters. Stan's monthly fixed costs are $216,000. Read the requirements. Requirement 1. How many of each type of scooter must Stan's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products-total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) Help me solve this Video Get mor + + Requirements 1. How many of each type of scooter must Stan's Scooters sell each month to break even? 2. How many of each type of scooter must Stan's Scooters sell each month to earn $607,500? 3. Suppose Stan's expectation to sell one standard scooter for every three chrome scooters was incorrect and for every four scooters sold two are standard scooters and two are chrome scooters. Will the breakeven point of total scooters increase or decrease? Why? (Calculation not required.) - = Required sales in units r all Check answer