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Category > Management Posted 19 Dec 2017 My Price 10.00

what percentage could its sales fall

If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin of safety ratio?(Round answer to 1 decimal place, e.g. 10.5%.)

Problem 20-2A (Part Level Submission) Lorge Corporation has collected the following information after its Frst year of sales. Sales were $2,339,200 on 146,200 units; selling expenses $350,880 (40% variable and 60% Fxed); direct materials $747,082; direct labor $416,670; administrative expenses $409,360 (20% variable and 80% Fxed); manufacturing overhead $526,320 (70% variable and 30% Fxed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. (a) Your answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the Fxed costs for the current year. (Assume that Fxed costs will remain the same in the projected year.) (1) Contribution margin for current year $ Contribution margin for projected year $ (2) ±ixed costs for current year $ Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Your answer is correct. Compute the break-even point in units and sales dollars for the Frst year. (Round contribution margin ratio to 2 decimal places e.g. 0.15 and fnal answers to 0 decimal places, e.g. 2,510.) 584800 643280 695912 Attempts: 1 of 3 used
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CourseLover
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Status NEW Posted 19 Dec 2017 02:12 PM My Price 10.00

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