Round Rock, Inc. manufactures and sells a single product. Cost data are given below: Units Sold...
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Round Rock, Inc. manufactures and sells a single product. Cost data are given below: Units Sold 20,000 Sales price per unit $ 20.00 Cost of Goods sold: Variable cost per unit Fixed Cost $ 8.00 $25,000 Selling Expenses: Variable cost per unit Fixed Selling $ 2.00 $ 30,000 Fixed Selling Expenses $30,000 Administrative Expenses: Variable cost per unit Fixed Administrative Expenses $ 2.00 $ 25,000 1. Prepare the Contribution Format Income Statement. Round Rock, Inc. Contribution Format Income Statement Units Sold: 20.000 Round Rock, Inc. Contribution Format Income Statement Units Sold: 20,000 Sales Less: Select an answer Select an answer Less: Fixed Expenses: Unit Cost Total Cost $400000 $ 20.00 Percent 100 *% % % Less: Fixed Expenses: Cost of Goods Sold $ Selling Expenses 30000 Administrative Expenses 25000 Select an answer $80000 Based on the above Contribution Income Statement for Round Rock Inc calculate 2. Based on the above Contribution Income Statement for Round Rock, Inc. calculate the following: 1. Breakeven in units 2. Breakeven in Sales dollars $ 10000 o Units 3. Units needed to achieve a target profit of $ 120,000 25000 Units 4. Sales dollars needed to achieve a target profit of $ 160,000 $ 98.75 5. Margin of Safety 6. Margin of Safety Percentage $ % 7. Operating Leverage 8. If sales increased by 20% what percentage would operating income increase. 2 40 % Round Rock, Inc. manufactures and sells a single product. Cost data are given below: Units Sold 20,000 Sales price per unit $ 20.00 Cost of Goods sold: Variable cost per unit Fixed Cost $ 8.00 $25,000 Selling Expenses: Variable cost per unit Fixed Selling $ 2.00 $ 30,000 Fixed Selling Expenses $30,000 Administrative Expenses: Variable cost per unit Fixed Administrative Expenses $ 2.00 $ 25,000 1. Prepare the Contribution Format Income Statement. Round Rock, Inc. Contribution Format Income Statement Units Sold: 20.000 Round Rock, Inc. Contribution Format Income Statement Units Sold: 20,000 Sales Less: Select an answer Select an answer Less: Fixed Expenses: Unit Cost Total Cost $400000 $ 20.00 Percent 100 *% % % Less: Fixed Expenses: Cost of Goods Sold $ Selling Expenses 30000 Administrative Expenses 25000 Select an answer $80000 Based on the above Contribution Income Statement for Round Rock Inc calculate 2. Based on the above Contribution Income Statement for Round Rock, Inc. calculate the following: 1. Breakeven in units 2. Breakeven in Sales dollars $ 10000 o Units 3. Units needed to achieve a target profit of $ 120,000 25000 Units 4. Sales dollars needed to achieve a target profit of $ 160,000 $ 98.75 5. Margin of Safety 6. Margin of Safety Percentage $ % 7. Operating Leverage 8. If sales increased by 20% what percentage would operating income increase. 2 40 %
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Answer Question 1 Round Rock Inc Contribution Format Income Statement Units Sold 20000 Unit Cost Total Cost Percent Sales 2000 400000 100 Less Fixed E... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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