Homework Answers
| 17 | Break even point(in $) =Fixed costs / Contribution margin ratio | |
| Fixed cost =Break even sale*Contribution margin ratio | ||
| Fixed cost =$360,000*20% =$72,000 | ||
| So Option B is answer | ||
| 18 | Break even point(in units) =Fixed costs / Contribution margin per unit | |
| Break even point(in units) =$72,000 / $12 =6,000 units | ||
| So Option D is answer | ||
| 19 | Selling price per unit =Contribution margin per unit / Contribution margin ratio | |
| Selling price per unit =$12 / 20% =$60 per unit | ||
| So Option D is answer | ||
| 20 | Required Profit after tax | $84,000 |
| Add:Tax($84,000*40/60) | $56,000 | |
| Required Profit before tax | $1,40,000 | |
| Add:Fixed cost | $72,000 | |
| Required contribution | $2,12,000 | |
| Required Sales($212,000/20%) | $10,60,000 | |
| So Option D is answer | ||
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Information for Question 17 - 20: The yearly break-even point in sales for Rice Company is...
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The Cumberland Company provides the following information: Break-Even in Units and Sales Dollars, Margin of Safety Drake Company produces a single product. Last year's income statement is as follows: Sales (18,000 units) $1,083,600 Less: Variable costs 723,600 Contribution margin $360,000 Less: Fixed costs 273,000 Operating income $87,000 Required: 1. Compute the break-even point in units and sales revenue. In your computations, round the contribution margin per unit to the nearest cent and round the contribution margin ratio to four decimal...
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is...
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The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
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Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells...
Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells for $205 per unit and whose total variable costs are $164 per unit. The company's annual fixed costs are $553,500. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Contribution Margin Ratio Choose Numerator: / Choose Denominator: Contribution margin ratio 0 (c) Compute the company's break-even point in units. Choose Numerator: Choose Denominator: Break-Even Units /...
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Exercise 18-9 Contribution margin and break-even P2 Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. Use this information to compute the company's (a) contribution margin, (b) contribution margin ratio, (c) break-even point in units, and (d) break-even point in dollars of sales.
EXERCISES: Set A (continued) 28. Break-Even Point and Target Profit Mensured in Sales Dollars (Single Product)...
EXERCISES: Set A (continued) 28. Break-Even Point and Target Profit Mensured in Sales Dollars (Single Product) a. The contribution margin ratio is calculated as b. The break-even point in sales dollars is calculated as: c. The target profit point in sales dollars is calculated as: 29. Margin of Safety (Single Product) a. The margin of safety in units: b. The margin of safety in sales dollars: Questio de Inc. How many units must be sold to earn a monthly profit...
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Marshall & Company produces a single product and recently calculated their break-even point as shown below....
Marshall & Company produces a single product and recently calculated their break-even point as shown below. Current Units Sold 410 Sales Price per Unit $515 Variable Cost per Unit $380 Contribution Margin per Unit $135 Fixed Costs $2,700 Break-Even (in units) Contribution Margin Ratio 26% Break-Even (in dollars) $10,300 What would Marshall's target margin of safety point be in units and dollars if they required a $13,500 margin of safety? 20 Target margin of safety units
Question 17 1 pts Baylee Company expected to sell 5000 units. Their break-even is 2800 units. If their selling price is $10 per unit, what is their margin of safety in dollars? $50,000 $28,000 $22,000 $78,000 Question 16 1 pts Keaubie Company has the following: Total Sales: $500,000; Contribution Margin Ratio: 20%; Fixed Costs: $80,000; What is the amount of Keaubie Company's net income or net loss for the period? $100,000 net loss $100,000 net income $20,000 net loss $20,000...
The Dean Company has sales of $118,000, and the break-even point in sales dollars of $75,520. Determine the company's margin of safety percentage. Round answer to the nearest whole number. 36 % The Tom Company reports the following data. Sales $259,369 Variable costs 135,269 Fixed costs 51,100 Determine Tom Company's operating leverage. Round your answer to one decimal place. The Atlantic Company sells a product with a break-even point of 4,963 sales units. The variable cost is $101 per unit,...
Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells for $185 per unit and whose total variable costs are $148 per unit. The company's annual fixed costs are $469.900 () Compute the company's contribution margin per unit Contribution margin (b) Compute the company's contribution margin ratio Choose Numerator: - Contribution Margin Ratio Contribution margin ratio 1) Compute the company's break even point in units Choose Numerator Choose Denominato Break Even Units Break-even units...
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Exercise 18-9 Contribution margin and break-even P2 Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. Use this information to compute the company's (a) contribution margin, (b) contribution margin ratio, (c) break-even point in units, and (d) break-even point in dollars of sales.
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Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells for $140 per unit and whose total variable costs are $105 per unit. The company's annual fixed costs are $563,500. (a) Compute the company's contribution margin per unit Contribution margin (b) Compute the company's contribution margin ratio. Choose Numerator: Choose Denominator: - Contribution Margin Ratio Contribution margin ratio (c) Compute the company's break-even point in units Choose Numerator: Choose Denominator: Break-Even Units Break even...
20 Points Problem - Break even point & margin of safety Information concerning a product produced by Ejimaker Company appears here Sales price per unit $ 250 Variable cost per units 130 Total annual fixed manufacturing and operating costs $600,000 Required Determine the following: a) Contribution margin per unit. b) Determine the break-even point in units and sales dollars. c) Determine the sales volume in units and dollars that is required to attain a profit of 300,000. d) Determine the...
Marshall & Company produces a single product and recently calculated their break-even point as shown below. Current Units Sold 410 Sales Price per Unit $515 Variable Cost per Unit $380 Contribution Margin per Unit $135 Fixed Costs $2,700 Break-Even (in units) Contribution Margin Ratio 26% Break-Even (in dollars) $10,300 What would Marshall's target margin of safety point be in units and dollars if they required a $13,500 margin of safety? 20 Target margin of safety units
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