It costs Furniture's Manufacturing $0.45 to produce baseballs and Furniture sells them for $4.00 a piece. Furniture pays a sales commission of 5% of sales revenue to his sales staff. Furniture also pays $13,000 a month rent for his factory and store, and also pays $80,000 a month to his staff in addition to the commissions. Furniture sold 71,500 baseballs in June. If Furniture prepares a contribution margin income statement for the month of June, compute his operating income.
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It costs Furniture's Manufacturing $0.45 to produce baseballs and Furniture sells them for $4.00 a piece. Furniture pays a sales commission of 5% of sales revenue to his sales staff. Furniture also pays $13,000 a month rent for his factory and store, and also pays $80,000 a month to his staff in addition to the commissions. Furniture sold 71,500 baseballs in June. If Furniture prepares a contribution margin income statement for the month of June, compute his operating income.
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- Schrute Farm Sales buys portable generators for $460 and sells them for $750. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $7000 a month rent for his store, and also pays $1800 a month to his staff in addition to the commissions. Mr. Schrute sold 300 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his contribution margin? Question 49 options: $75,750 $149,250 $374,250 $225,000It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $7 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $14,000 a month rent for his factory and store, and also pays $76,000 a month to his staff in addition to the commissions. Homer sold 70,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his contribution margin? O A. $77,550 B. $493,500 C. $571,050 O D. $415,950It costs Homer's Manufacturing $0.75 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $75,000 a month to his staff in addition to the commissions. Homer sold 67,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his contribution margin? Select one: a. $205,875 b. $334,125 c. $64,125 d. $270,000 e. $50,625
- It costs Homer's Manufacturing $0.95 to produce baseballs and Homer sells them for $8.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $13,000 a month rent for his factory and store, and also pays $79,000 a month to his staff in addition to the commissions. Homer sold 72,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his contribution margin?It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $16,000 a month rent for his factory and store, and also pays $81,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? Question 30 options: $45,175 $278,000 $323,175 $232,825Schrute Farm Sales buys portable generators for $450 and sells them for $770. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $5000 a month rent for his store, and also pays $1900 a month to his staff in addition to the commissions. Mr. Schrute sold 200 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his variable costs? $56,300 $251,700 $97,700 $154,000
- Acme Inc. manufactures and sells widgets. Acme Inc. sells widgets for $15 each. Acme Inc. uses 3 gizmos for each widget. Gizmos cost $2 each. In December, Acme sold 300 widgets. Acme also pays rent of $500 per month. please show work. A.) What is Acme Inc.'s contribution margin per unit? B.) What is Acme Inc.'s contirbution margin ratio? C.) Assuming the about information is all revenue and expenses for scme, what is December's net income? D.) Determine the fixed cost give the following information: Lowest level of activity- 200 units at a total cost of $600 Highest level of activity- 800 units at a total cost of $1,800 Fixed cost =Mark Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base salary of $1,200 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base salary, each barber also receives a commission of $6.10 per haircut.Other costs are as follows. Advertising $270 per month Rent $970 per month Barber supplies $0.40 per haircut Utilities $175 per month plus $0.10 per haircut Magazines $20 per month Mark currently charges $12.00 per haircut. Determine the unit variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total unit variable cost per haircut $enter total variable cost per haircut rounded to 2 decimal places in dollars Total fixed costs $enter total fixed cost in dollarsCrane Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,310 per month. One of the barbers serves as the manager and receives an extra $560 per month. In addition to the base rate, each barber also receives a commission of$5.85 per haircut. Other costs are as follows. Advertising $300 per month Rent $950 per month Barber supplies $0.50 per haircut $170 per month plus $0.15 per haircut $30 per month Utilities Magazines Crane currently charges $13 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, eg. 2.25) Total variable cost per haircut Total fixed Compute the break-even point in units and dollars. Break-even point haircuts Break even seles
- Sheridan Diesel owns the Fredonia Barber Shop. He employs 4 barbers and pays each a base rate of $ 1,570 per month. One of the barbers serves as the manager and receives an extra $ 500 per month. In addition to the base rate, each barber also receives a commission of $ 9.05 per haircut. Other costs are as follows. Advertising $ 270 per month Rent $ 1,060 per month Barber supplies $0.45 per haircut Utilities $ 195 per month plus $ 0.10 per haircut Magazines $ 15 per month Sheridan currently charges $ 16 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut 2$ 9.6 Total fixed 24 8320 eTextbook and Media Compute the break-even point in units and dollars. Break-even point haircuts Break even sales 2$ eTextbook and Media Determine net income, assuming 1,590 haircuts are given in a month. Net income / (Loss) $Vin Diesel owns the Ayayai Barber Shop. He employs 6 barbers and pays each a base rate of $1,330 per month. One of the barbers serves as the manager and receives an extra $540 per month. In addition to the base rate, each barber also receives a commission of $4.50 per haircut. Other costs are as follows. Advertising $250 per month Rent $930 per month Barber supplies $0.30 per haircut Utilities $180 per month plus $0.20 per haircut Magazines $20 per month Vin currently charges $10.00 per haircut. Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.) Total variable cost per haircut 2$ Total fixed Compute the break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 1,225.) Break-even point in units haircuts Break-even point in dollars 24Jason Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base salary of $1,480 per month. One of the barbers serves as the manager and receives an extra $600 per month. In addition to the base salary, each barber also receives a commission of $10.55 per haircut. Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $260 per month $1,010 per month $0.30 per haircut $160 per month plus $0.15 per haircut $25 per month Jason currently charges $20.00 per haircut.