Please help with the following: Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate...

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Accounting

Please help with the following:

Cost-Volume-Profit Relations: Missing Data

Following are data from 4 separate companies. Supply the missing data in each independent case.

Case 1 Case 2 Case 3 Case 4
Sales revenue $100,000 $100,000 Answer

Answer

Contribution margin $40,000 Answer

$20,000 Answer

Fixed costs $20,000 Answer

Answer

Answer

Net income Answer

$5,000 $9,000 Answer

Variable cost ratio Answer

0.50 Answer

0.20
Contribution margin ratio Answer

Answer

0.50 Answer

Break-even point (dollars) Answer

Answer

Answer

$25,000
Margin of safety (dollars) Answer

Answer

Answer

$20,000

and part D PLEASE:

In the year 2013, Wiggins Processing Company had the following contribution income statement:

WIGGINS PROCESSING COMPANY Contribution Income Statement For the Year 2013
Sales $ 1,200,000
Variable costs
Cost of goods sold $ 420,000
Selling and administrative 200,000 (620,000)
Contribution margin 580,000
Fixed Costs
Factory overheard 205,000
Selling and administrative 80,000 (285,000)
Before-tax profit 295,000
Income taxes (36%) (106,200)
After-tax profit $ 188,800

(a) Determine the annual break-even point in sales dollars.

Round contribution margin ratio to two decimal places for your calculation. $Answer

(b) Determine the annual margin of safety in sales dollars.

Use rounded answer from above for calculation. $Answer

(c) What is the break-even point in sales dollars if management makes a decision that increases fixed costs by $57,000?

Use rounded contribution margin ratio (2 decimal places) for your calculation. $Answer

(d) With the current cost structure, including fixed costs of $285,000, what dollar sales volume is required to provide an after-tax net income of $200,000?

Use rounded contribution margin (2 decimal places) for calculation. Round your answer to the nearest dollar. $Answer

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