Homework Answers
| Required 1 : | ||||||
| Number of bikes produced and sold | 460 units | 750 units | 920 units | |||
| Calculation | Answer | Calculation | Answer | Calculation | Answer | |
| Total costs | ||||||
| Variable costs | 109020 | (237*750) | 177750 | (237*920) | 218040 | |
| Fixed costs per year | 217313 | (395063-177750) | 217313 | 217313 | ||
| Total costs | 326333 | (526.75*750) | 395063 | 435353 | ||
| Cost per unit | ||||||
| Variable cost per unit | (109020/460) | 237 | 237 | 237 | ||
| Fixed costs per unit | (217313/460) | 472.42 | (526.75-237) | 289.75 | (217313/920) | 236.21 |
| Total cost per unit | 709.42 | 526.75 | 473.21 | |||
| Required 2 : | |||
| 460 units | 750 units | 920 units | |
| Sales ( Sales price per unit * Units ) | 354200 | 577500 | 708400 |
| 460 units | 750 units | 920 units | |
| Contribution margin ratio ( Total contribution margin / Sales ) | 69.22% | 69.22% | 69.22% |
| Total contribution margin ( Sales - Total variable cost ) | 245180 | 399750 | 490360 |
| Required 4 : | ||
| Break-even units = Total fixed costs / ( Sales price per unit - variable cost per unit ) = 217313 / ( 770 - 237 ) | 408 | Bikes |
| Break-even sales revenue = Total fixed costs / Contribution margin ratio = 217313 / 69.22% | 313945 |
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