Homework Answers
New selling price = 46+11% = 51.06
New variable cost = 46*46% = 21.16
Contribution margin ratio = (51.06-21.16)/51.06 = 58.56%
Annual fixed costs = (114,000+14,100)*12 = 1,537,200
Breakeven sales = Fixed cost/Contribution margin ratio
= 1,537,200/58.56%
= 2,625,000
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to raise its sales price 10% to cover these new costs, but the
number of blankets sold were to drop by 6% what would be the new
annual operating income?
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assume that variable cost increase to 45% of the current sales
price and fix costs increase by $12,000 per month. If Sunland were
to raise its sales price 10% to cover these new costs, but the
number of blankets sold were to drop by 6% what would be the new
annual operating income?
h 3: Homework Question 3 of 4 4.17/5.25 View Policies Show Attempt History Current Attempt in Progress Sunland Monograms sells stadium blankets that have been monogrammed with...
WP Collaborations WileyPLUS Support View Porces Show Attempt History Current Attempt in Progress Account Ivanhoe Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $45 throughout the country to loyal alumni of over 3.500 schools. Ivanhoe's variable costs are 41% of sales: foxed costs are $118,000 per month Dashboard Courses (1) Calendar Inbox ✓ Your answer is correct. Get HELP Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.....
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