1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mojhsa [17]
2 years ago
10

Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for

the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
Business
1 answer:
fiasKO [112]2 years ago
5 0

The overall contribution margin (CM) ratio for the company is 30% and  Overall break-even point in dollar sales is $80,000.

<h3>Contribution margin (CM) ratio </h3>

1. Overall contribution margin ratio

Overall contribution margin ratio = Total contribution margin/Total sales

Overall contribution margin ratio= $30,000/ $100,000

Overall contribution margin ratio = 30%

2. Overall break-even point in dollar sales

Overall break-even = Total fixed expenses/ Overall contribution margin ratio

Overall contribution margin ratio= $24,000/30%

Overall contribution margin ratio= $80,000

3.  Contribution format income statement

                                 Claim-jumper Makeover Total

Original dollar sales $30,000 $70,000 $100,000

Percent of total 30% 70% 100%

Sales at break-even $24,000 $56,000 $80,000

Variable expenses:

Claim-jumper

Variable expenses= ($24,000/$30,000) × $20,000

Variable expenses= $16,000

Makeover

Variable expenses=($56,000/$70,000) × $50,000

Variable expenses= $40,000

Therefore the overall contribution margin (CM) ratio for the company is 30% and  Overall break-even point in dollar sales is $80,000.

Learn more about Contribution margin (CM) ratio here:brainly.com/question/24039258

#SPJ1

You might be interested in
then impact of risky behaviour on one's well-being by referring to social,emotional,physical and spiritual ​
maria [59]
Spiritually, risky behavior can truly take a toll. If you are religious, your actions won’t be in line with your beliefs (most likely). There is a trickle down effect from there. Lots of times, risky behavior makes a person feel paranoid because a person is doing things s/he feels is wrong. All of that takes a toll on a person physically. When you compromise yourself, you will tend to be on an emotional roller coaster. Not a great way to live
6 0
2 years ago
The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
creativ13 [48]

Answer:

                                     Bal. June 30   Receipts    Disbursements    Bal. July 31

Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

Outstanding Checks

June 30                               42,690                               -42,690              

July 31                                                                               73,340             73,340

Unrecorded Receipts                              -150,000                                 -150,000  

Unrecorded Disbursement                                            -150,000          -150,000

Balance per Books          399,210         650,187          565,397           484,000

3 0
3 years ago
For the last two months thomas has been worried that something bad is going to happen. he can't pinpoint the source of this feel
yan [13]
Thomas may be suffering from generalised anxiety as far as the situation describes. Generalised anxiety disorder is defined as the excessive worrying of an aspect of life for a reason that is vague. They worry too much may it could either be family, studying, or even their health.
5 0
3 years ago
Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
Juliette [100K]

Answer:

$24,000

Explanation:

According to the consignment accounting, it States that any inventory sent on consignment by the consignor to the consignee, belongs to the consignor until the inventory is sold by the consignee.

Regarding the above, Mogu company sent inventory costing $100,000 and out of this, only $76,000 has been sold. The remaining inventory still belongs to the consignor and the amount of this inventory is;

$100,000 - $76,000 = $24,000

Therefore, Mogul would report $24,000 worth of inventories at year end.

7 0
3 years ago
The use of accelerated depreciation:____.a. discourages investment in plant and equipment. b. increases expenses and decreases c
Elena-2011 [213]

Answer:

c. initially decreases the firm's taxes

Explanation:

Accelerated depreciation provides for a higher rate of capital allowance on the assets that is New and Unused and brought in the business for use in manufacturing for the first time. This allowance then lowers for the other years. The purpose of this is to encourage  investment in plant and equipment as it initially decreases the firm's taxes.

8 0
3 years ago
Other questions:
  • A customer at Jaquine, a French restaurant, complains to Brent, the owner, about a specialty dessert being unacceptable. Brent i
    8·1 answer
  • For the Dividend Growth Model, the equation can be written as follows: P0 = =D1/(RE – g). How can this equation be rearranged?
    10·1 answer
  • Among foragers the status of women declines when they provide most of the food. men and women are equal; there is no gender ineq
    14·1 answer
  • What is the difference between an "I" statement and a "You" statement? A. The "I" statement is non-confrontational b. The "You"
    6·2 answers
  • Can someone explain to me the Difference between Discrete and Blended?
    5·1 answer
  • Which of the following statements is correct? The journal entry to record bad debt expense requires a debit to bad debt expense
    7·1 answer
  • You are a 25% partner of ABC, LP. Here are some additional facts – • ABC's 2020 partnership tax return, when filed, will show th
    14·2 answers
  • Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,
    13·1 answer
  • Decision Point: Deciding on Your Organizational Structure
    5·1 answer
  • An example of a disincentive?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!