Lake Sales had $2,000,000 in sales last month. The contribution margin ratio was 40% and operating profits were $165,000. What is Lake's break-even sales volume?
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Lake Sales had $2,000,000 in sales last month. The contribution margin ratio was 40% and operating profits were $165,000. What is Lake's break-even sales volume?
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- Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is Lake's margin of safety in sales dollars?$2,020,000.$480,000.$600,000.Cannot determine with the information given.Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the contribution margin ratio was 40%. If fixed expenses increase by $10,000 next year, what amount of sales will be necessary in order for the company to earn a profit of $80,000?Boise Corp had a margin of safety of $375,000 last month, with sales revenue of $1,020,000 and fixed costs of $316,050. a. What are break-even sales? b. What is the contribution margin ratio? c. How much profit did Boise earn last month? d. How much would sales have to increase for Boise to earn profit of $726,670?
- Roland had revenues of $610,000 in March. Fixed costs in March were $199,670 and profit was $50,430. a. What was the contribution margin percentage? Contribution Margin % b. What monthly sales volume (in dollars) would be needed to break-even? Break-even Sales Volume c. What sales volume (in dollars) would be needed to earn $160,720? Total Sales VolumeFrontier Corp. has a contribution margin of $1,458,000 and profit of $364,500. If sales increase 18%, by how much will profits increase?ABC Corporation total breakeven point is 100,000 units. Its selling price is 100 and contribution margin is 40. During the year, the operating profit is 800,000. What is the total actual units sold during the year?
- Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000.1. What is the company’s contribution margin (CM) ratio?2. Estimate the change in the company’s net operating income if it were to increase its total salesby $1,000.The Rachel Company has sales of $820,000, and the break-even point in sales dollars is $672,400. Determine the company's margin of safety as a percent of current sales.Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000.Required:1. What is the company’s contribution margin (CM) ratio?2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,000?
- XYZ Company's single product has a selling price of $15 per unit. The fixed expenses were $120,000. This year the company reported a net operating income of $60,000. If sales are predicted to increase by 10% next year, how much would the increase in profits be in ($)?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: What is the company’s contribution margin (CM) ratio? Estimate the change in the company’s net operating income if it were to increase its total sales by $1,500.Your Company's single product has a selling price of $15 per unit. Last year the company variable costs were $9 per unit, fixed expenses were $90,000 and a net operating income was $30,000. A study by the sales manager discloses that a 15% increase in the selling price would reduce unit sales by 10%. How many units were sold last year?