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SCSU / Engineering / CJS 292 / variable cost ratio

# variable cost ratio Description

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## (a) If fixed costs total \$150,000 per year, what is the breakeven point in units?

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Your answer is correct. How many frisbees must Reid sell to earn \$18,000 in operating income? 50000 frisbees  SHOW SOLUTION LINK TO TEXT LINK TO TEXT

Your answer is correct. What operating income must Reid earn to realize net income of \$16,200, assuming that the  company is in the 40% tax bracket? Operating income\$ 27000SHOW SOLUTION

Your  answer is  correct. How many  frisbees  must Reid  sell to earn  \$16,200 in  net income,  assuming  that the  company is  in the 40%  tax bracket? 51000 frisbees Exercise 14-10 MathTot sells a learning system that helps preschool and elementary students  learn basic math facts and concepts. The company’s income statement from last  month is as follows: Total Per Unit Sales revenue \$600,000 \$50.00 Variable expenses 210,000 17.50 Contribution margin 390,000 \$32.50 Fixed expenses 292,500 Operating income \$ 97,500 Your answer is correct. What is MathTot’s contribution margin ratio? Its variable cost ratio? (Round ratios to 2  decimal places, e.g. 0.38.) Contribution margin ratio.65:1 Variable cost ratio.35:1 SHOW SOLUTION LINK TO TEXT

## (b) What is Fashion Headwear’s contribution margin ratio?

Your answer is correct. Compute breakeven sales. (Use the rounded contribution margin ratio calcuated in the  previous part to compute Breakeven Sales.) Breakeven sales\$ 450000 SHOW SOLUTION LINK TO TEXT

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Your answer is correct. What is MathTot’s margin of safety? Margin of safety\$ 150000 SHOW SOLUTION LINK TO TEXT

Your answer is correct. If MathTot’s sales were to increase by \$100,000 with no change in fixed expenses, by how much  would operating income increase? (Use the rounded contribution margin ratio calcuated  in the previous part to compute Breakeven Sales.) Net Operating income will increase by\$ 65000 SHOW SOLUTION LINK TO TEXT

## If the company’s tax rate is 25%, how many cookbooks must be sold to generate \$180,000 in net income?

Your answer is  correct. MathTot’s managers  have determined that  variable costs per unit  will increase by 16%  beginning next month.  To offset this increase  in costs, they are  considering a 10%  increase in the sales  price. Market research  indicates that the price  increase will result in  a 2% decrease in the  number of learning  systems MathTot sells.  What will be MathTot’s  expected operating  income if the price  increase is  implemented? (Round  per unit calculations  to 2 decimal places  e.g. 0.38 and final  answer to 0 decimal  places, e.g. 3,800.) \$ 115572 Exercise 14-15 Hogue Sports Hut provides individual instruction and coaching to  children participating in the city’s baseball, softball, basketball, and  soccer youth leagues. Last year’s results were as follows: Sales revenue \$950,000 Variable expenses 646,000 Contribution margin 304,000 Fixed expenses 182,400Operating  income Operating income \$121,600 Your answer is correct. What is Hogue Sports Hut’s degree of operating leverage? (Round answer to 2 decimal  place, e.g. 13.25.) Operating leverage2.5  SHOW SOLUTION LINK TO TEXT

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Your answer is correct. If Anna Hogue, the company’s president, is successful in increasing sales revenue by 5%, by  what percent will the company’s operating income increase? (Round answer to 2 decimal  place, e.g. 13.25%.) Increase in operating income12.5%  SHOW SOLUTION LINK TO TEXT

Your answer is correct. After achieving the sales increase in part (b), what will be the company’s new operating  income? (Round answer to 0 decimal places, e.g. 25,000.) New operating income\$ 136800SHOW SOLUTION

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Your answer is correct. What is Justin’s current level of fixed costs? (Use the rounded contribution margin per unit  calcuated in the previous part.) Current level of fixed costs\$ 75000 SHOW SOLUTION LINK TO TEXT

Your answer is correct.Assume that Justin’s fixed costs, variable costs, and sales price were the same last year, when  he made \$14,000 in net income. How many hats did Justin sell last year, assuming a 30%  income tax rate? (Use the rounded contribution margin per unit calcuated in the  previous part.) 19000hats  SHOW SOLUTION LINK TO TEXT

Your answer is correct. What was Justin’s margin of safety last year? Margin of safety\$ 72000 SHOW SOLUTION LINK TO TEXT

Your answer is correct. If Justin wants to earn \$17,500 in net income, how many hats must he sell? (Use the rounded  contribution margin per unit calcuated in the previous part.) 20000hats  SHOW SOLUTION LINK TO TEXT

Your answer is correct.How many hats must Justin sell to break even if his supplier raises the price of the hats to  \$14 per hat? (Use the rounded contribution margin per unit for computation.) 18750hats  SHOW SOLUTION LINK TO TEXT

Your answer is correct. Justin has decided to increase his sales price to \$20 to offset the supplier’s price increase. He  believes that the increase will result in a 5% reduction from last year’s sales volume. What is  Justin’s expected net income? Net income\$ 23310
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