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: $437,696Fixed selling and administrative expense: $334,084• Net operating income: $623,412Ple'egrea's contribution margin ratio is closest to:●Select one:O A. 29.6%OB. 13.2%O C.83.6%O D.46.0%OE. 67.3%

Contribution Margin : Contribution margin is a measure of the amount of revenue left over after…

Answered: Ple'egrea Pte Ltd. sells books in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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?
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Here 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 $5,000
Fairfax 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.…
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The 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 22 562
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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…

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