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Category > Accounting Posted 12 Aug 2017 My Price 9.00

Rezler Company’

Exercise 15-31 SALES REVENUE APPROACH, VARIABLE COST RATIO, CONTRIBUTION  MARGIN RATIO

Rezler Company’s controller prepared the following budgeted income statement for the coming year:

 

 

 

Sales

$315,000

Less: Variable expenses

  141,750

Contribution margin

$173,250

Less:  Fixed expenses

     63,000

Operating income

$110,250

 

Required:

 

 

1.    What is Rezler’s variable cost ratio? What is its contribution margin ratio?

2.    Suppose Rezler’s actual revenues are $30,000 more than budgeted. By how much will operating income increase? Give the answer without preparing a new income statement.

3.    How much sales revenue must Rezler earn to break even? Prepare a contribution margin income statement to verify the accuracy of your answer.

4.    What is Rezler’s expected margin of safety?

5.    What is Rezler’s margin of safety if sales revenue is $280,000?

Answers

Maurice Tutor
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Status NEW Posted 12 Aug 2017 06:08 PM My Price 9.00

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