Gabrick Company sells a product for $80 per unit. Variable costs are $60 per unit, and...
Gabrick Company sells a product for $80 per unit. Variable costs are $60 per unit, and fixed costs are $2,300 per month. The company expects to sell 530 units in September. Calculate the contribution margin per unit, in total, and as a ratio
Homework Answers
Contribution margin per unit
= Selling price per unit – Variable costs per unit
= $80 - $60
= $20 per unit
Total contribution margin
= Contribution margin per unit x Number of units
= $20 x 530
= $ 10,600
Contribution margin ratio
= Contribution / Sales x 100
= $20 / $80 x 100
= 25%
Add Answer to:
Gabrick Company sells a product for $80 per unit. Variable costs
are $60 per unit, and...
U Med Question Help Gabrick Company sells a product for $90 per unit. Variable costs are...
U Med Question Help Gabrick Company sells a product for $90 per unit. Variable costs are $35 per unit, and foxed costs are $2,300 per month. The company expects to sell 540 units in September. Prepare an income statement for September using the contribution margin format. wed Ito
Target Profit Ramirez Inc. sells a product for $80 per unit. The variable cost is $60...
Target Profit Ramirez Inc. sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $2,000,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $250,000. a. Break-even point in sales units 100,000 units b. Break-even point in sales units if the company desires a target profit of $250,000 22,500 units Feedback a. Unit sales price minus unit...
Zhao Co. has fixed costs of $245,000. Its single product sells for $155 per unit, and...
Zhao Co. has fixed costs of $245,000. Its single product sells for $155 per unit, and variable costs are $106 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales. Dollars Percent Margin of safety % US-Mobile manufactures and sells two products, tablet computers and smartphones, in the ratio of 4:2. Fixed costs are $90,860, and the contribution margin per composite unit is $118. What number...
Zhao Co. has fixed costs of $275,600. Its single product sells for $161 per unit, and...
Zhao Co. has fixed costs of $275,600. Its single product sells
for $161 per unit, and variable costs are $109 per unit. The
company expects sales of 10,000 units. Prepare a contribution
margin income statement for the year ended December 31, 2019.
Exercise 21-8 Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your...
I. A company sells a product which has a unit sales price of $10, unit variable...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS. Question Help Gaden Company...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Question Help Gaden Company sells a product for $60 per unit. Variable costs are $45 per unit, and fixed costs are $2,200 per month. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format. Contribution Margin Contribution Margin per Unit Contribution Margin Ratio Fixed Costs Operating Income Sales Revenue Unit Sold Variable Costs
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs...
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 per year. C. Use the contribution margin ratio approach. Contribution margin ratio: ___% Break-even point in units: ___ Break-even point in dollars: $___
Maple Enterprises sells a single product with a selling price of $60 and variable costs per...
Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $24. The company's monthly fixed expenses are $18,000. A. What is the company's break-even point in units? Break-even units 500 units B. What is the company's break-even point in dollars? Break-even dollars $ 30,000 Feedback C. Construct contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present....
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per...
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per unit Contribution margin per unit Machine hours to produce 1 unit Maximum unit sales per month S 40 $ 32 0.4 hours 600 units 1.0 hours 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours...
U Med Question Help Gabrick Company sells a product for $90 per unit. Variable costs are $35 per unit, and foxed costs are $2,300 per month. The company expects to sell 540 units in September. Prepare an income statement for September using the contribution margin format. wed Ito
Zhao Co. has fixed costs of $245,000. Its single product sells for $155 per unit, and variable costs are $106 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales. Dollars Percent Margin of safety % US-Mobile manufactures and sells two products, tablet computers and smartphones, in the ratio of 4:2. Fixed costs are $90,860, and the contribution margin per composite unit is $118. What number...
Zhao Co. has fixed costs of $275,600. Its single product sells
for $161 per unit, and variable costs are $109 per unit. The
company expects sales of 10,000 units. Prepare a contribution
margin income statement for the year ended December 31, 2019.
Exercise 21-8 Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your...
I. A company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $280,000. The number of units the company must sell to break even is: 2. At the breakeven point of 3.000 units, variable costs are $300,000, and fixed costs are S180,000. How much is the selling price per unit? 3. A company has total fixed costs of $160,000 and a contribution margin ratio of 20%. The total...
Zachary Company makes a product that sells for $30 per unit. The company pays $11 per unit for the variable costs of the product and Incurs annual fixed costs of $165,300. Zachary expects to sell 22,100 units of product Required Determine Zachary's margin of safety expressed as a percentage. (Round your answer to 2 decimal places. (.e, 0.2345 should be entered as 23.45) Margin of safety % Reld Company is considering the production of a new product. The expected variable...
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Question Help Gaden Company sells a product for $60 per unit. Variable costs are $45 per unit, and fixed costs are $2,200 per month. The company expects to sell 570 units in September. Prepare an income statement for September using the contribution margin format. Contribution Margin Contribution Margin per Unit Contribution Margin Ratio Fixed Costs Operating Income Sales Revenue Unit Sold Variable Costs
Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $24. The company's monthly fixed expenses are $18,000. A. What is the company's break-even point in units? Break-even units 500 units B. What is the company's break-even point in dollars? Break-even dollars $ 30,000 Feedback C. Construct contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present....
Product G $ 50 Product B $ 80 10 Selling price per unit Variable costs per unit Contribution margin per unit Machine hours to produce 1 unit Maximum unit sales per month S 40 $ 32 0.4 hours 600 units 1.0 hours 200 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours...
Most questions answered within 3 hours.
-
How would you train your employees to avoid risks of using
mobile devices?
asked 4 minutes ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 1 hour ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago