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Stella [2.4K]
3 years ago
12

Bloomington Corporation reported the following on their contribution format income statement: Sales (12,000 units) $175,000 Less

: Variable expenses 100,000 Contribution margin 75,000 Less: Fixed expenses 62,500 Net operating income $ 12,500 If sales increase by 10%, net operating income will increase by what amount?
Business
1 answer:
KATRIN_1 [288]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales (12,000 units) $175,000

Variable expenses 100,000

Contribution margin 75,000

Fixed expenses 62,500

Net operating income $ 12,500

First, we need to calculate the unitary selling price and unitary variable cost:

Unitary selling price= 175,000/12,000= $14.58

Unitary variable cost= 100,000/12,000= $8.33

New income statement:

Sales= (12,000*1.10)*14.58= 192,456

Variable cost= 13,200*8.33= (109,956)

Contribution margin= 82,500

Fixed expenses= (62,500)

Net operating income= 20,000

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Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.

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True or false the texas legislature is classified as highly professional, the highest level of institutionalization.
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3 years ago
The Company is in the process of evaluating a new product using the following information: ∙ A new transformer has three product
Bad White [126]

Answer:

total loss for first year = ($96,000)

Explanation:

direct costs per 5,000 transformers = $55,000, or $11 per unit

indirect manufacturing overhead per 5,000 transformers = $45,000 or $9 per unit

destination charges per transformer = $2 each

customer service expenses = $0.40 per transformer

sales price:

year 1 = $20 x 15,000 = $300,000

year 2 = $24 x 15,000 = $360,000

year 3 = $28 x 15,000 = $420,000

total revenue = $1,080,000

total costs:

development costs = $45,000

setup costs = $15,000 x 3 per year x 3 years = $135,000

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manufacturing overhead costs = $9 x 45,000 = $405,000

sales and administrative costs = $2.40 x 45,000 = $108,000

total = $1,188,000

total operating life cycle loss = $1,080,000 - $1,188,000 = -$108,000

life cycle operating loss for first year:

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4 0
3 years ago
What are the four levels of managers?
photoshop1234 [79]

Answer:

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The middle managers are the engine of a company, they push the line managers to work and supervices their work.

The first level managers are also known as floor managers, they oil the engine of the company.

8 0
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