Gulf Company has the following information for its first year inbusinss Sales price per unit...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Gulf Company has the following information for its first year inbusinss Sales price per unit Variable cost per unit Total fixed costs Units sold $50 $30 $20,000 1,500 Requirements (4Points for 1. Compute the contribution margin per unit and the contribution margin ratio 2. Determine the break-even point in units and in dollars 3. Compute the margin of safety in dollars, and the margin of safety ratio income decrease if Determine the operating leverage factor, and by what percentage will the operating sales volume decreases by 8%? 4. How many units the company have to sell to earn an operating income of $6002 And how much will the sales revenue be? 5. If variable and fixed costs are both increased by 30% what will be the effect on the break-even point in units and dollars
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.