Wolsey industries inc. Expects to maintain the same inventories at the end of 20y8 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows:

Answers

Answer 1

1. The estimated income statement for 20Y8 is: $350,000.

2. The contribution margin ratio is 25%.

3. The Break-even sales in units and dollars is 13,125 and $2,100,000.

4. The Margin of safety in dollars is $1,400,000.

5. The operating leverage is 2.5.

Income statement

1.  Income statement for 20Y8

Sales $3,500,000

(21,875×$160)

Cost of goods sold $2,518,750

[($46+$40+$20×21,875)+$200,000]

Gross profit $981,250

($3,500,000-$2,518,750)

Selling expenses $366,475

[($110,000+$40,000+$12,000+$7,600)+ ($8+$1×21,875)]

Admin expense $264,775

[$132,000+$10,000+$13,400)+($4+$1×21,875)]

Total  expenses $631,250

($366,475+$264,775)

Operating Income $350,000

( $981,250-$631,250)

2. Contribution margin ratio

Contribution margin ratio=[$3,500,000-(120×21,875)]/3,500,000

Contribution margin ratio=[$3,500,000-$2,625,000]/3,500,000

Contribution margin ratio=$875,000/$3,500,000×100

Contribution margin ratio=25%

3. Break-even sales in units and dollars

Break-even sales= ($525,000/$40)

Break-even sales in units=13,125

Break-even sales in dollars=($525,000/25%)

Break-even sales in dollars=$2,100,000

4. Margin of safety in dollars

Margin of safety in dollars=($3,500,000-$2,100,000)  

Margin of safety in dollars=$1,400,000

5. Operating leverage

 Operating leverage=($875,00/$350,000)

Operating leverage=2.5

Inconclusion the estimated income statement for 20Y8 is: $350,000.

Learn more about income statement here:https://brainly.com/question/24498019


Related Questions

Which of the following characteristics is essential to be considered an effective index fossil?

Answers

A characteristic which is essential for a fossil to be considered an effective index fossil is that it must be distinctive, unique and easily recognizable.

What is a fossil?

A fossil can be defined as the mineral impression or remains of both living and non-living organisms that are generally considered to be pre-historic in nature.

Similarly, an index fossil refers to a type of fossil that is typically useful for dating, identify geologic periods and comparing the strata in which it is found.

Read more on fossils here: brainly.com/question/11224681

If the action potential starts with a potential difference of +40. 0 mv, and the length constant of the axon is 2. 00 mm, how far from the site of the stimulus will the potential difference across the membrane drop to 1. 00 mv (assuming the action potential is not regenerated)?

Answers

approximately 300 million 599 tootoo

A poem that expresses feelings or ideas about a topic is a

Answers

Answer:

Lyric Poem

Explanation:

This due to the thoughts and emotions of one being

A 170-cm creature casts a shadow of 200 cm. What is the angle of elevation of the light source? express your answer to the nearest degree

Answers

The angle of elevation of the light source is mathematically given as

[tex]\theta= 40.36[/tex]

What is the angle of elevation of the light source?

Question Parameters:

A 170-cm creature casts a shadow of 200 cm.

Generally, the equation for the Trigonometry problem  is mathematically given as

Where

170-cm creature is the height

Shadow of 200 cm is the adjacent side

[tex]tan\theta=\frac{opp}{adj}[/tex]

Therefore

[tex]tan\theta=\frac{170}{200}\\\\tan\theta=0.86[/tex]

[tex]\theta= 40.36[/tex]

In conclusion, the angle of elevation is

[tex]\theta= 40.36[/tex]

Read more about Angle

https://brainly.com/question/14362353

In a centralized organization, ____________ make all the important decisions.

Answers

In a centralized organization, few people make all the important decisions.

What is a centralized organization?

A centralized organization is an organization of people in which the few people holding the position of higher authority of the hierarchy make and take decision.

Decisions are made by a small group of people elected in a centralized organization and then communicated to a larger number of people at the lower level. The president is usually the highest hierarchy of people who make decisions.

Decision making in a centralized organization is efficient because few people are involved.

Learn more about centralized organization:

https://brainly.com/question/1288780

A medical emergency is a sudden or unexpected condition

Answers

Answer:

unexpected

Explanation:

you never know when someone will get hurt

120n + 160,500 when n = 9

Answers

Answer:

161580

Explanation:

120(9)=1080

1080+160500

161580

The stage which relates to development of decision making abilities, interpersonal and technical competencies is known as: *

Answers

storming because it described as the stage at which various members of the team come up with the variety of ideas

Please read the article on the use of synthetic proteins in cattle, then answer the questions provided. Using hormones in food production why have cows been injected with proteins?

Answers

Answer:

I have 3 short responses that you could use.

Explanation:

Response 1- Cows been injected with proteins for better meat producing.
Response 2- The protein rBGH is injected to increase milk production.
Response 3- Proteins are inserted with an ear pellet to increase cattle size faster before slaughter.

Answer:

The protein rBGH is injected to increase milk production.

Proteins are inserted with an ear pellet to increase cattle size faster before slaughter.

Explanation:

did the assignment

Write a story which relates the events of your life from past, present and future to the life cycle

Answers

Answer:

no story to say bossa maybe u were not told by now

What is the kinetic energy of a 55-kilogram skier traveling at 9. 0 meters per second?

Answers

Answer:2227.5J

Explanation:

Critically discuss how personal values may assist you to sustain positive relationships.

Answers

Answer:

knowing your personal values will help you to know when the other individuals values do not align with yours.

help me guys :((((( why is nobody helping me likeeee

Answers

Answer:

how can i help :)

Explanation:

Some sporting activities are often associated with a particular gender.

Answers

Answer:

football (m) & cheer (f)

Explanation:

i hope this helped

A radio station broadcasts a signal over an area with a 120-mile diameter. The population density of the area is 100 people per square mile. How many people are within receiving distance of the broadcast signal? use 3. 14 for pi. Select from the drop-down menu to correctly complete the statement. There are about choose. People within broadcast distance of the radio station.

Answers

Answer:

Explanation:

Calculate the number of square miles if d = 120 miles

d = 120 miles

r = d/2

r = 120/2 miles

r = 60 miles

Area of radio station coverage. = pi * r * r

Area of radio station coverage = 3.14 * 60 * 60 = 11304 square miles.

1 square mile contains 100 people

11304 square miles contain x people

Set up a proportion

1 / 11304 = 100 / x                Cross multiply

x = 100 * 11304                   Combine

x = 11304 * 100

x = 1130400

That's the answer. You have to choose the correct reply.

An angle that is adjacent and supplement to one of the interior angles of a triangle

Answers

Answer:

Exterior

Explanation:

Pls, choose me as brainliest!

Which of the following statement is true of music in the romantic era.

Answers

Answer: the music was expressive and dramatic. Explanation kase romantic pag romantic may halong dramatic

Explanation:

The palace of pizza offers small, medium, or large pizzas with 4 different toppings available. How many different 1-topping pizzas do they serve?

Answers

Answer: 4?

Explanation: you kinda dont make sence, make more sence when you type something.

Which most likely explains why families in rural areas may have two children under the one-child policy? their families are penalized for not producing more children. Their families require extra help on the family farm. Their families are rewarded for each extra child they have. Their families support deng’s concept of a nation of peasants.

Answers

A rural area is an expanse of open ground with few houses or other structures and few inhabitants.

What is Rural area?

The population density in rural areas is quite low. Many people live in a city, or urban area.

Their residences and places of business are situated close together. There are fewer people in a rural location, and they live and work at great distances from one another.

Most rural communities' main industry is agriculture. On farms or ranches, the majority of people reside or work. Small towns, villages, hamlets, and other localities are found inside or close to rural areas.

Therefore, A rural area is an expanse of open ground with few houses or other structures and few inhabitants.

To learn more about Rural area, refer to the link:

https://brainly.com/question/789652

#SPJ7

Which interpretation focuses upon a critical theme of the poem there will come soft rains?

Answers

The interpretation that focuses upon the critical theme is; The word "war" shows that this poem is actually a "spring" poem that is anti-war in meaning.

What is the interpretation of the poem?

From the poem titled there will come soft rains, we see that if the war we had was over, nobody would have cared.

Now, wars tend to do some damage and It means there must have been damages to the animal's habitat during that war. Thus, If you were an animal and then found out that humanity was gone, you would be happy since they won't be able to destroy your habitat again.

Thus, the interpretation that focuses on the central theme is the word "war" shows that this poem is actually a "spring" poem that is anti-war in meaning.

Read more on interpretation of poem at; https://brainly.com/question/25019689

Story which relates the events of your life from past, present and future

Answers

Answer:

not really a story if you look in to it

Explanation:

it's just how the way it is and how it shall be

Which inference is best supported by the information in paragraphs 3 and 4 of ""is online brain training actually effective?"".

Answers

Answer:

c

Explanation:

i just know its c

What is the value of a^{2}+3b\div c-2d,a 2 +3b÷c−2d, when a=3,\ b=8,\ c=2,a=3, b=8, c=2, and d=5d=5?

Answers

The expression a^2+3b/ c-2d is an algebraic expression

The value of the expression a^2+3b/ c-2d when a=3, b=8, c=2, and d=5 is 11

How to determine the value of the expression?

The expression is given as:

a^2+3b/ c-2d

And the given parameters are:

a=3, b=8, c=2, and d=5

Substitute known values in the expression

a^2+3b/ c-2d = 3^2+3*8/ 2-2*5

Evaluate the exponents and the products

a^2+3b/ c-2d = 9+24/2-10

Evaluate the quotient

a^2+3b/ c-2d = 9+12-10

Evaluate the sum and the difference

a^2+3b/ c-2d = 11

Hence, the value of the expression a^2+3b/c-2d is 11

Read more about expressions at:

https://brainly.com/question/723406

A person gets a running start toward a wall from 5 meters away

Answers

kk kk ok k k k k k k k k k k k k k k

Mikayla needs to order a countertop for her project. Company \mathrm{a}a will sell mikayla a countertop according to the given graph, which includes a \$ 1,000$1,000 installation fee. Company \mathrm{b}b will sell a countertop according to the values given in the table, which includes an \$ 800$800 installation fee and a constant rate of change

Answers

Company B charges a higher rate ($20) per square foot while company A has a higher installation fee.

What is a linear function?

A linear function is in the form:

y = mx + b

Where m is the rate of change, b is the initial value of y.

Let y represent the total cost of installing x ft² of countertop.

Company A passes through (0, 1000) and (10, 1150), hence:

y - 1000 = [(1150 - 1000)/(10 - 0)](x - 0)

y = 15x + 1000

Company B passes through (10, 1000) and (20, 1200), hence:

y - 1000 = [(1200 - 1000)/(20 - 10)](x - 10)

y = 20x + 800

Company B charges a higher rate ($20) per square foot while company A has a higher installation fee.

Find out more on linear function at: https://brainly.com/question/15602982

A key narrative style of austen's novel, pride and prejudice is.

Answers

Answer:

a third-person omniscient narrator

Explanation:

State if the two triangles are congruent. If they are, state how you know.

Answers

Answer:

SAS RULE - SIDE ANGLE SIDE

ASA RULE - ANGLE SIDE ANGLE

Which statement describes one of the most important reasons why the united states annexed the kingdom of hawaii?

Answers

The statement that describes one of the most important reasons why the United States annexed the kingdom of Hawaii was that:

The United States wanted to use Hawaii as a base from which they could have a key Military presence/power in the Pacific.

What was the reason the US annexed Hawaii?

The annexation was said to be gotten due to the threat  that has been seen of the Japanese invasion.

It was found out that a lot of Japanese did came to the islands in a large numbers to work in the sugar trade. U.S. military leaders was said to have feared that there is potential Japanese occupation of the islands and he formed a strategic naval base in the heart of the Pacific.

Learn more about Hawaii from

https://brainly.com/question/8862840

One of the most important uses of a correlation is its potential use in.

Answers

Correctional research is most useful for purposes of prediction correctional research is a type of research where in the researcher uses two factors or variables and checks the relationship of the two variables in this type of research in order to actually get good results the researcher has/ should set at least 30 participants in order to increase the validity of the research result

Which part of the cell is responsible for providing internal stability for the organelles?

Answers

The nucleus is responsible for maintaining its stability
Other Questions
7. What did the Supreme Court rule about insular cases?a. The people of Puerto Rico did not have the same rights or tax status as other Americansb. A governor would be appointed by the U.S president for Puerto Ricoc. It was America's responsibility to "civilize and uplift" other nationsd. The U.S would act as an international policeman rosa has a goal of running a total of 150 miles this month each day she ran for 6 miles . what expression could rosa use to determine how many miles she has left to run after running for d days Solve the equation by factoring. 3x^2 - 7x + 4 = 0 Why is the code of hammurabi so important in history?. In a particular environment there is plenty of food, water, cover, and space to support a large population of pheasants, but a larger quantity of predators are introduced. The predators become the _______ for pheasants in that environment. a. carrying capacity b. abiotic factor c. limiting factor d. biotic factor Please select the best answer from the choices provided A B C D solve for x ~[tex]x {}^{2} - 5x + 6 = 0[/tex]thankyou ~ Help ASAP please Which example is most clearly a form of media?A. A change of volumeB. A picture of a cityC. A central argumentO D. A large gesture _____ podemos ir a la playa? Podemos ir a la playa el lunes. CmoQuinCundoDnde 100 POINTS EZ | The diagonal of a quadrilateral shaped field is 24 m and the perpendiculars dropped on it from the remaining opposite vertices are 8 m and 13 m. Find the area of the field. Description for Iiotibial band (ITB) syndrome Enzo works for a pharmaceutical company experimenting with new drugs. Currently, he is searching for a new treatment to help people withatherosclerosis. This disease makes it difficult for blood to flow smoothly through the veins and arteries. Enzo would like to find something thatcould naturally thin the blood. He believes that in just the right dosage, it might be able to thin human blood enough to lower blood pressure.Considering the symptoms that it produces in animals, which plant would Enzo be MOST interested in? A. elderberryB. arrow grass C. rhubarbD. sweet clover A baker wants to reduce the amount of sugar in his cake recipes. He decides to reduce the amount used in 1 cake by cup. He then uses cups of sugar to bake 6 cakes.Describe how the tape diagram represents the story.copied for free from openupresources.orgType your answer below:Submit AnswerProblem ID: PRABET89 How much sugar was originally in each cake recipe?Do not include units (cups) in your answer.Type your answer below as a number (example: 5, 3.1, 4 1/2, or 3/2):100%Submit AnswerShow Hint 1 of 3 If the square below is enlarged by a scale factor of 2, what will be the area of the new square? Which of the following is a factor of the expression 4x^2-2x-42?Group of answer choices2x-62x-7x-34x-7 Why are these three religions called Abrahamic religions? why was Washington concerned about the creation of political parties ? did the Constitution address the concept of political parties? Find the smallest part when 40 isshared in the ratio 3:1 the large muscle of the arm isA. BicepB. TricepC. TetracepD. Pentacep helpwhat mass of magnesium bromide is produced when 35cm3 of 0.18 mol/dm3 of hydrogen bromide is treated with magnesium nitrate?