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acct640 chapter 3 homework 495994

Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000.
Required:
1.

What is the company s contribution margin (CM) ratio?

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2.

Estimate the change in the company s net operating income if it were to increase its total sales by $1,500.

Maxson Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company s monthly fixed expense is $5,500.

1.

Compute for the company s break-even point in unit sales using the equation method.

2.

Compute for the company s break-even point in sales dollars using the equation method and the CM ratio.

3.

Compute for the company s break-even point in unit sales using the formula method.

4.

Compute for the company s break-even point in sales dollars using formula method and the CM ratio

Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning next month s budget appear below:

Selling price $25 per unit
Variable expenses $15 per unit
Fixed expenses $8,500 per month
Unit sales 1,000 units per month

Required:
1.

Compute the company s margin of safety.

2.

Compute the company s margin of safety as a percentage of its sales.

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