Juniper Enterprises sells handmade clocks. Its variable cost per clock is $23.80, and each clock sells for $34.
Juniper Enterprises sells handmade clocks. Its variable cost per clock is $23.80, and each clock sells for $34.
Calculate Juniper's contribution margin per unit and contribution margin ratio. If the company's fixed costs total $7,446, determine how many clocks Juniper must sell to break even
Calculate Juniper's contribution margin per unit and contribution margin ratio. (Round your "Unit Contribution Margin" answer to 2 decimal places.)
If the company's fixed costs total $7,446, determine how many docks Juniper must sell t break even.
Homework Answers
|
Unit contribution margin = Selling price per unit - Variable cost per unit = 34 - 23.80 |
10.20 |
|
Contribution margin ratio = Contribution margin/Selling price = 10.20/34 |
30% |
.
|
Breakeven units = Fixed cost/Contribution margin per unit = 7,446/10.20 |
730 |
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Juniper Enterprises sells handmade clocks. Its variable cost per clock is $23.80, and each clock sells for $34.
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