18 Feb 245) Fancy Furniture has variable expenses of 40%
245) Fancy Furniture has variable expenses of 40% of sales and monthly fixed expenses of $240,000. The monthly target operating income is $60,000. What is the monthly margin of safety in dollars if Fancy Furniture achieves its operating income goal? A) $100,000 B) $900,000 C) $500,000 D) $(300,000) 246) Fancy Furniture has variable expenses of 40% of sales and monthly fixed expenses of $240,000. The monthly target operating income is $60,000. What is the monthly margin of safety as a percentage of target sales in dollars? A) 180.00% B) 25.00% C) 20.00% D) 60.00%247) Fancy Furniture has variable expenses of 40% of sales and monthly fixed expenses of $240,000. The monthly target operating income is $60,000. What is Fancy Furniture’s operating leverage factor at the target level of operating income? A) 0.20 B) 5.00 C) 6.75 D) 1.25248) Yellow Company’s variable expenses are 40% of sales and have monthly fixed expenses of $15,000. The monthly target operating income is $3,750. What is the monthly margin of safety in dollars if Yellow Company achieves its operating income goal? A) $(18,750) B) $56,250 C) $6,250 D) $31,250249) Yellow Company’s variable expenses are 40% of sales and have monthly fixed expenses of $15,000. The monthly target operating income is $3,750. What is the monthly margin of safety as a percentage of target sales in dollars? A) 20.00% B) 180.00% C) 60.00% D) 25.00%250) Yellow Company’s variable expenses are 40% of sales and have monthly fixed expenses of $15,000. The monthly target operating income is $3,750. What is Yellow Company’s operating leverage factor at the target level of operating income? A) 1.25 B) 0.20 C) (3.00) D) 5.00251) Neeley Grocery has a monthly target operating income of $25,000. Variable expenses are 20% of sales and monthly fixed expenses are $15,000. What is the monthly margin of safety in dollars if the business achieves its operating income goal? A) $50,000 B) $31,250 C) $68,750 D) $12,500252) Neeley Grocery has a monthly target operating income of $25,000. Variable expenses are 20% of sales and monthly fixed expenses are $15,000. What is the monthly margin of safety as a percentage of target sales in dollars? A) 137.50% B) 62.50% C) 80.00% D) 166.67%253) Neeley Grocery has a monthly target operating income of $25,000. Variable expenses are 20% of sales and monthly fixed expenses are $15,000. What is Neeley Grocery’s operating leverage factor at the target level of operating income? A) 0.63 B) 2.67 C) 0.40 D) 1.60 254) Garfield Corporation is considering building a new plant in Canada. It predicts sales at the new plant to be 50,000 units at $5.00/unit. Below is a listing of estimated expenses:CategoryTotal Annual Expenses% of Annual Expense that are FixedMaterials$50,00010%Labor$90,00020%Overhead$40,00030%Marketing/Admin$20,00050%A Canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. No U.S. home office expenses will be allocated to the new facility.How much does the Canadian contractor expect to make in commissions? A) $25,000 B) $75,000 C) $225,000 D) $5,000
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