Ple'egrea Pte Ltd. sells books in Madagascar. They have supplied the following data: • Units sold: 3,291 • Sales revenue: $4,710,350 • Variable manufacturing expense: $2,107,995 • Fixed manufacturing expense: $1,207,163 • Variable selling and administrative expense: $437,696 Fixed selling and administrative expense: $334,084 • Net operating income: $623,412 Ple'egrea's contribution margin ratio is closest to: ● Select one: O A. 29.6% OB. 13.2% O C. 83.6% OD. 46.0% OE. 67.3%
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- Vati-Vati CC produces and sells only one product. The following data is available: Cost of sales N$550 000 Gross profit N$350 000 Determine the amount of revenue/sales. Answer:Vati-Vati CC produces and sells only one product. The following data is available: Net sales N$800 000 Gross profit N$450 000 Determine the amount of cost of sales. Answer:Pinta Company produces and sells two products, Ballpen and Sign Pen. Presented below are the financial figures in the production and sale of Pinta Company Sales in units (box) Ballpen Sign Pen Total 3,000 2,000 5,000 Sales P350,000.00 P400,000.00 P750,000.00 VC 100,000.00 250,000.00 350,000.00 CM 250,000.00 150,000.00 400,000.00 FX 120,000.00 NI 280,000.00 Required: How many units of Ballpen should be sold next month to break even? How many units of Ph Sign Pen should be sold to earn a profit of P300,000.00? How many units of Ph Sign Pen should be sold to earn a profit of P150,000 net of 35% tax?
- Hernando Manufacturing, Inc. reported the following information for the year: Number of Units Produced $152,000 Number of Units Sold 62,000 Cost of Goods Manufactured 268,000 Cost of Goods Sold 52,900 Sales Revenue 130,000 Gross Profit 72,940 Operating Expense 727,000 What was the unit product cost? (Round your answer to the nearest cent.) A. $1.76 B. $0.85 C. $0.86 D. $4.32Here are data regarding Acme Company, which is a merchandising company: Net operating income Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses What are the company's sales? O $453,000 O $430,000 $ 23,000 $ 25,000 $310,000 $ 50,000 $ 40,000 $5,000Fairfax Inc. manufactures a small part that is widely used in various electronic products. Operating results for the first three years of operation are asoows: Year 1 Year 2 Year 3 Sales 800,000 672,000 CGS 600.000 504.000 Gross margin 200,000 168,000 Selling and admin. Expenses 200.000 184.000 Net operating income (loss) 0 (16,000) Production and sales data for the three year period were as follows: Year 1 Year 2 Year 3 50,000 50,000 45,000 Production units Sales units 50,000 42,000 50,000 Additional information: 1. The company plant is highly automated. Variable manufacturing costs total $3 per unit. The annual fixed manufacturing overhead is $450,000. 2. Variable selling and administrative expenses were 52 per unit sold. Annual fixed selling and administrative expenses totaled $100,000 annually. 3. The above costs stayed constant across the three years and the company uses a LIFO inventory flow assumption. Required: 1. Complete the traditional income statement above for year 3. 2.…
- Blossom Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20.500, and the expenses for January 2022 were as follows: Cost of goods sold Selling expenses Administrative expenses Show Transcribed Text Variable $207.050 56.375 29,725 Fixed $123,000 28,700 35,875 10 C Blossom Manufacturing Inc. CVP Income Statement Total Per unitThe following information is a summary of the financial information for "MAYE HOT" Company Limited, producers of Guinea Fowls. Revenue Cost of Sales Salaries and Wages Current Year 77,521 31,256 23.027 Previous Year 71,000 28,772 22 56213. Micky2, Inc. sells two products X and Y. Data concerning the company for July follow: Product X: sales - P200,000; variable expense - P50,000; and traceable fixed expenses - P80,000. For Product Y: sales - P300,000, variable expenses - P100,000 and traceable fixed expenses - P150,000. In addition there were common fixed expenses of P70,000 in July. What was the segment margin for Product X? P70,000 P38,000 P120,000 P150,000
- Birdsong Company's CVP income statement included fixed expenses of $176,000 when 5,000 units were sold. The unit selling price was $160 and the unit variable expenses were $96. What is the company's net income? O $144,000 O $304,000 O $800,000 O $320,000Bonita Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,900 $15 2/4 Purchase 2,900 23 2/20 Sale 3,400 38 4/2 Purchase 3,900 29 11/4 Sale 3,100 42 Calculate average-cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) Average-cost per unit $ Compute cost of goods sold, assuming Bonita uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow $ (b) Perpetual system, FIFO cost flow $ (c) Periodic system, LIFO cost flow $ (d) Perpetual system, LIFO cost flow $ (e) Periodic system, weighted-average cost flow $ (f) Perpetual system, moving-average cost flow $Shown below is a segmented income statement for Hickory Company’s Kitchen Set product lines: Teflon Spatula Roaster TotalSales Revenue $ 400,000 $ 200,000 $ 300,000 $ 900,000Less: Variable Expenses 225,000 120,000 250,000 595,000Contribution Margin $ 175,000 $ 80,000 $ 50,000 $ 305,000Less Direct Fixed Expenses:Machine Rent (5,000) (20,000) (50,000) (75,000)Supervision (15,000) (10,000) (20,000) (45,000)Depreciation (35,000) (10,000) (25,000) (70,000)Segment Margin $ 120,000 $ 40,000 $ (45,000) $ 115,000 Refer to the information for Hickory Company above. Hickory’s management is deciding whether to keep or drop the Roaster product line. Hickory’s parquet flooring product line…