Question: 2) Computing and Using the CM Percentage Last month when Holiday Creations, Inc., sold 50,000 units, total revenue were $200,000, total variable costs were $120,000,

2) Computing and Using the CM Percentage Last month when Holiday

Creations, Inc., sold 50,000 units, total revenue were $200,000, total variable costs

2) Computing and Using the CM Percentage Last month when Holiday Creations, Inc., sold 50,000 units, total revenue were $200,000, total variable costs were $120,000, and fixed costs were $65,000. Required: What is the company's contribution margin and contribution margin percentage? 2. What is the estimated change in the company's operating income if it can increase total revenue by $1,000 ? 2) Computing and Using the CM Percentage Last month when Holiday Creations, Inc., sold 50,000 units, total revenue were $200,000, total variable costs were $120,000, and fixed costs were $65,000. Required: What is the company's contribution margin and contribution margin percentage? 2. What is the estimated change in the company's operating income if it can increase total revenue by $1,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please help with these 5 questions thank you Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $318,000, total variable expenses were $267,120, and fixed expenses were...

Exercise 5-4 (Algo) Computing and using the CM Ratio [LO5-3] Last month when Holiday Creations, Incorporated, sold 42,000 units, total sales were $168,000, total variable expenses were $117,600, and...

Exercise 5-13 (Algo) Changes in Selling Price, Sales Volume, Variable Cost per Unit, and Total Fixed Costs [LO5-1, LO5-4] Miller Company's contribution format income statement for the most recent...

y Exercise 6-4 Computing and Using the CM Ratio [LO6-3] Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $283,000, total variable expenses were $206,590, and fixed...

Exercise 5-4 (Algo) Computing and using the CM Ratio (L05-3) Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $168,000, total variable expenses were $129,360, and fixed...

1. What is the companys contribution margin (CM) ratio? 2. What is the estimated change in the companys net operating income if it can increase total sales by $1,800? (Do not round intermediate...

Exercise 5-4 Computing and Using the CM Ratio (LO5-3] Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $308,000, total variable expenses were $237,160, and fixed expenses...

Homework Saved Exercise 6-4 Computing and using the CM Ratio (LO6-3) Last month when Holiday Creations, Inc., sold 45,000 units, total sales were $287,000, total variable expenses were $218,120, and...

2 parts Exercise 6-4 Computing and using the CM Ratio (L06-3) Last month when Holiday Creations, Inc., sold 36,000 units, total sales were $293,000, total variable expenses were $210,960, and fixed...

Exercise 6-4 Computing and Using the CM Ratio [LO6-3] Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses...

Question 1 (10 marks): GDP and GNP. Citizens of the country of Heehaw produce hay and provide entertainment services (banjo playing). In 2016 they produced $15 million worth of hay, with $11 million...

What are some of the typical procedures that might be applied to the audit of the tax provision by an auditor and/ or tax specialist?

CAPM and Valuation You are considering acquiring a firm that you believe can generate expected free cash flows of 1 0 0 0 0 a year forever However you recognize that those cash flows are uncertain LO...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

A Think about the unique language of your job or of the discipline in which you are majoring. Have you picked up any jargon that might seem confusing to someone outside the field?

1. A friend asks what youd like to do tonight. A. Oh, whatever you want. B. I heard about a party on Garden Street. C. Id like to rent Juno and make Indian food.

C What kinds of jargon have you been exposed to via television, film, and novels? Do you find some medical jargon familiar having watched many seasons of House or Greys Anatomy? Do you feel at ease...