Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90% Q-1. What is the contribution margin ratio for the new line of soy candles? Q-2. What is the breakeven amount for the soy candle line in dollars? Please round your answer to the nearest dollar. Q-3. What is the breakeven amount for the soy candle line in units? Make sure you round up your answers to the nearest unit. Q-4. What is the safety margin ratio for the soy candle line? Q-5. What is the degree of operating leverage for the soy candle line? Wedgewood Candle Co. Soy Candle Division Operating Results for Quarter 1, 2022 Revenues Cost of Goods Sold: DM DL MOH Gross Margin Selling and Admin Division Operating Income Units sold Peter Wedgewood's Estimates: Information for Questions 7-8: Change in Unit Sales Change in Sales Commissions Information for Questions 9-10: Change in Unit Sales Change to Advertising Expense $4,568,348 $ 774,047 $ 1,602,719 $ 6,945,114 $ 4,436,970 1.5% 4.0% $ 11,382,084 2.7% $17,000 % Variable 2,018,100 100% 100% 36% $ 2,484,703 10% $ 1,952,267 % Fixed 64% 90%
Expert Answer:
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Posted Date:
Students also viewed these accounting questions
-
You will be using Microsoft Excel to answer this question. Follow the steps below to complete the question.Click here to view a brief video demonstrating downloading the Excel file, completing your...
-
We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...
-
You will be using Microsoft Excel to answer this question. Follow the steps below to complete the question.Click here to view a brief video demonstrating downloading the Excel file, completing your...
-
1. If an industry is formed by six companies. Four companies have sales of $ 10 each, and two companies have sales of $ 5 each. a. What is the concentration ratio of four companies for this industry?...
-
How can delegation of authority contribute to effective strategic management?
-
(a) Two point charges totaling 8.50 C exert a repulsive force of 0.250 N on one another when separated by 0.672 m. What is the charge (in C) on each? smallest charge Xx HC C largest charge (b) What...
-
By modern standards, many injustices were committed on the path that today's wealthy nations took to power. Do these past injustices demand compensation by current-day people? Does history impose...
-
The Summit Manufacturing Company produces two products. One is a recreational whitewater kayak molded from plastic and designed to perform as a durable whitewater play boat. The other product is a...
-
You own a small business. Explain how information is vital to you in reducing risk? Be specific Explain with suitable examples.
-
Transaction Entries Final Clean, a firm providing house-cleaning services, began business on April 1. The following accounts in its general ledger are needed to record the transactions for April:...
-
Design a spreadsheet to compute the expected net income from sales for each quarter and for the whole year using the assumptions below. Your manager wants to be able to change any of the assumptions...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Executives at all levels of government are elected by the voters.
-
State courts that have original jurisdiction for cases not otherwise directed to a specialized court are: a. trial courts c. district courts b. circuit courts of appeals Write the letter of your c...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Death or disabling illness of a party to a contract terminates the contract if such...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Each level of government usually has three branches: executive, legislative, and judicial.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A consumer has three days to cancel a contract in which his or her home has been pledged as...
-
Death penalty 1. Do you think that the death penalty acts as a deterrent to prevent murder? Why or why not? 2. Should the death penalty be reserved only for first-degree murder or for other crimes...
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
Randolph Company has $1,000,000 in assets and $1,000,000 in stockholders equity, with 40,000 shares outstanding the entire year. It has a return on assets ratio of 10%. In the past year, it had net...
-
What do these classes of ratios measure? (a) Liquidity ratios. (b) Profitability ratios. (c) Solvency ratios.
-
The following control procedures are used in Danner Company for over-the counter cash receipts. 1. Cashiers are experienced; thus, they are not bonded. 2. All over-the-counter receipts are registered...
-
With your instructor's consent, identify a company and perform a background review of it to identify high-risk areas for an upcoming audit. Utilize all the electronic sources that have information...
-
CPA firms performing management consulting services can accept contingent fee contracts when: a. The amounts are not material in relationship to the audit billings. b. The consulting services are for...
-
Applying utilitarianism as a concept in addressing ethical situations requires the auditor to perform all of the following except: a. Identify the potential stakeholders that will be affected by the...
Study smarter with the SolutionInn App