Question

Harris Company had the following results for its operations for the month of July. Sales (2,500...

Harris Company had the following results for its operations for the month of July. Sales (2,500 units)$7,500 Variable Costs($3,250) Fixed Costs(4,000) Net operating Income: 250.00

1. If Harris increases sales price by 10%, how much will the net operating income will increase?

2. Harris break even point in units will be:

3. Determine the impact on the net operating income if Harris sells on a monthly basis an additional 500 units.

4. Harris break even point in dollars is: ($)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income...
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income Statement For the Month Ended April 30, 2017 Total Per Unit Sales (8,600 units) $455,800 $53 Variable costs 223,342 25.97 Contribution margin 232,458 $27.03 Fixed expenses 205,428 Net income $27,030 Management is considering the following course of action to increase net income: Reduce the selling price by 5%, with no changes to unit variable costs or fixed costs. Management is confident that this change...
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income...
Victoria Company reports the following operating results for the month of April. VICTORIA COMPANY CVP Income Statement For the Month Ended April 30, 2020 Total Per Unit Sales (9,000 units) $450,000 $50 Variable costs 225,000 25.00 Contribution margin 225,000 $25.00 Fixed expenses 184,950 Net income $40,050 Management is considering the following course of action to increase net income: Reduce the selling price by 5%, with no changes to unit variable costs or fixed costs. Management is confident that this change...
AStuart Company reported the following data regarding the product it sells Sales price $ 45 Contribution...
AStuart Company reported the following data regarding the product it sells Sales price $ 45 Contribution margin ratio 20 % Fixed costs $ 360,000 Required Use the contribution margin ratio approach and consider each requirement separately. A.    What is the break-even point in dollars? In units? B.    To obtain a profit of $36,000, what must the sales be in dollars? In units? C.    If the sales price increases to $48 and variable costs do not change, what is the new...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 50,000 Variable expenses 27,500 Contribution margin 22,500 Fixed expenses 14,850 Net operating income $ 7,650 Required: 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,400, and unit sales increase by 180 units, what would be the net operating income? 8. What is the...
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: Total...
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: Total Per Unit Sales $ 316,000 $ 20 Variable expenses 221,200 14 Contribution margin 94,800 $ 6 Fixed expenses 78,000 Net operating income $ 16,800 Required: 1. What is the monthly break-even point in unit sales and in dollar sales?            Break Even Point in unit sales            Break Even Point in dollar sales 2. Without resorting to computations, what is the total contribution margin at...
MENTO COMPANY distributes a single product. The company's sales and expenses for last month follow: The...
MENTO COMPANY distributes a single product. The company's sales and expenses for last month follow: The company sales 15,000 units last month. Sales ....................... (15,000 units) ....................$ $450,000    Variable expenses .............................................    180,000 Contribution margin ............................................. $ 270,000 Fixed expenses ................................................... 216,000 Net operating income ........................................... . $ 54,000 REQUIRED 1. What is the monthly BREAK EVEN POINT in units and dollar sales? 2. What is the Contribution Margin at the Break Even Point ? 3. How many units...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 75,000 Variable expenses 45,000 Contribution margin 30,000 Fixed expenses 22,800 Net operating income $ 7,200 5. If sales decline to 900 units, what would be the net operating income? 6. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 25,000 Variable expenses 17,500 Contribution margin 7,500 Fixed expenses 4,200 Net operating income $ 3,300 F. If sales decline to 900 units, what would be the net operating income? G. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be...
SALES MIX BREAKEVEN Wich Brothers sells two kinds of sandwiches – meat and veggie.  Information on sales...
SALES MIX BREAKEVEN Wich Brothers sells two kinds of sandwiches – meat and veggie.  Information on sales for July follow: Meat Veggie Totals Number of sandwiches 9,000 6,000 15,000 Sales $72,000 $60,000 $132,000 Variable costs 27,000 15,000 42,000 Contribution Margin 45,000 45,000 90,000 Fixed costs 24,000 30,000 54,000 Operating income $21,000 $15,000 $36,000 The sales mix is expected to remain steady. 10.  Determine the number of units and sales revenue for each product at the breakeven point.  (Round up to the nearest unit...
Crane Corporation has collected the following information after its first year of sales. Sales were $1,600,000...
Crane Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed), direct materials $514,000, direct labor $270,800, administrative expenses $280,000 (20% variable and 80% fixed), and manufacturing overhead $376,000 (70% variable and 30% fixed). 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%...