Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Have an account? Sign In

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Sign Up Here

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask question.(5)

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

ITtutoria

ITtutoria Logo ITtutoria Logo

ITtutoria Navigation

  • Python
  • Java
  • Reactjs
  • JavaScript
  • R
  • PySpark
  • MYSQL
  • Pandas
  • QA
  • C++
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • Python
  • Science
  • Java
  • JavaScript
  • Reactjs
  • Nodejs
  • Tools
  • QA
Home/ Questions/11. The budgets of four companies yield the following information: (Click the icon to view the...
Next
Answered
lyytutoria
  • 28
lyytutoriaExpert
Asked: April 13, 20222022-04-13T06:58:29+00:00 2022-04-13T06:58:29+00:00In: Accounting

11. The budgets of four companies yield the following information: (Click the icon to view the…

  • 28

. Advertisement .

..3..

. Advertisement .

..4..

......... ADVERTISEMENT .........

..8..

......... ADVERTISEMENT .........

..8..

11. The budgets of four companies yield the following information:
(Click the icon to view the budget information for the four companies.) Requirements
1. Fill in the blanks for each company
2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? son Requirement 1. Fill in the blanks for each company (Round the contribution margin per unit and ratio calculations to two decimal places.)
Q R S T
Target sales $ 687,500 $ 480,000 $ 146,250
Variable expenses 192,500 198,000
Fixed expenses 165,000 82,000
Operating income (loss) $ 90,000 $ 133,000
Units sold 110,000 13,000 16,500
Contribution margin per unit $ 6.60 $ 9.00 $ 38.00
Contribution margin ratio 0.55
Requirement 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point?
Begin by determining the formula, then compute the break even sales for each company one at a time. (Complete all answer boxes. For amounts with a So balance, make sure to enter “0” in the appropriate cell.)
      (         (1)         +        (2)             ) /           (3)               =                Breakeven sales
Q   (                       +                          ) /                                =
R   (                       +                          ) /                                =
S    (                       +                         ) /                                 =
T    (                       +                        ) /                                  =
Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point?
(4) ______ has the lowest breakeven point primarily due to (5) ________
1: Data Table
                                                                     Commpany
Q R S T
Target sales $ 687,500 $ 480,000 $ 146,250 $
Variable expenses 192,500 198,000
Fixed expenses 165,000 82,000
Operating Income (loss) $ 90,000 S $ $ 133,000
Units sold 110,000 13,000 16,500
Contribution margin per unit $ 6.60 S $ 9.00 $ 38.00
Contribution margin ratio 0.55

(1) A. Variable expenses

      B. Fixed expenses

      C. Target sales

      D. Total expenses

(2) A. Contribution margin

      B. Operating income

      C. Variable expenses

(3) A. Contribution margin per unit

      B. Contribution margin ratio

      C. Units sold

(4) A. Q Company

      B. R Company

      C. S Company

      D. T Company

(5) A. Its high fixed costs

      B. Its low fixed costs

      C. Its high sales price

♦ Relevant knowledge

Contribution margin is the gap between variable and sales costs. The figure can be expressed in dollars or in the form of the form of a ratio. Contribution margin is determined by: Contribution Margin Ratio = Contribution Margin / Sales

The contribution margin ratio reflects the proportion of sales that can be used to pay for fixed expenses.

budgetsexpensessales
  • 1 1 Answer
  • 60 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook
  • Report

1 Answer

  • Voted
  • Oldest
  • Recent
  • Random
  1. Best Answer
    Amelia Li
    2022-04-13T06:58:31+00:00Added an answer on April 13, 2022 at 6:58 am

    • 11
    • Reply
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report

Leave an answer
Cancel reply

You must login to add an answer.

Forgot Password?

Need An Account, Sign Up Here

Sidebar

Ask A Question
  • How to Split String by space in C++
  • How To Convert A Pandas DataFrame Column To A List
  • How to Replace Multiple Characters in A String in Python?
  • How To Remove Special Characters From String Python

Explore

  • Home
  • Tutorial

Footer

ITtutoria

ITtutoria

This website is user friendly and will facilitate transferring knowledge. It would be useful for a self-initiated learning process.

@ ITTutoria Co Ltd.

Tutorial

  • Home
  • Python
  • Science
  • Java
  • JavaScript
  • Reactjs
  • Nodejs
  • Tools
  • QA

Legal Stuff

  • About Us
  • Terms of Use
  • Privacy Policy
  • Contact Us

DMCA.com Protection Status

Help

  • Knowledge Base
  • Support

Follow

© 2022 Ittutoria. All Rights Reserved.

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.