Selling price = $60
Less: Variable cost = ($24)
Contribution margin = $36
Contribution margin ratio = Contribution margin / Selling price = $36 / $60
Contribution margin ratio = 0.60 or 60%
therefore
Contribution margin ratio = 60%
Break-even sales in dollars = Fixed Cost / Contribution margin ratio
= $145,728 / 0.60
= $242,880
Blue Spruce Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales...
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,090 units $55 per unit $33 per unit $22,990 What is the contribution margin ratio? (Round answer to 0 decimal places, eg 5,275.) Contribution margin ratio e Textbook and Media What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places Break-even points e Textbook and Media What is the margin of safety...
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,430 units $50 per unit $35 per unit $18,225 What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio e Textbook and Media What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.) Break-even point $ e Textbook and Media What is the...
Sheffield Co., a manufacturer of rain barrels, had the following data for 2016. Sales 5,000 units Sales price $130 per unit Variable costs $52 per unit Fixed costs $347,100 What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio % LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.) Break-even point $ LINK TO...
Bridgeport Co., a manufacturer of rain barrels, had the following data for 2016. Sales 3,300 units Sales price $100 per unit Variable costs $37 per unit Fixed costs $172,557 (a) Your answer is correct. What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio % Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of...
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,830 units Sales price $50 per unit Variable costs $35 per unit Fixed costs $16,980 1. What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) 2. What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.) 3. What is the margin of safety in dollars and as a ratio? (Round ratio...
Bridgeport Co., a manufacturer of rain barrels, had the following data for 2016. Sales 3,300 units Sales price $100 per unit Variable costs $37 per unit Fixed costs $172,557 (a) What is the contribution margin ratio? (Round answer to 0 decimal places, e.g. 5,275.) Contribution margin ratio % Click if you would like to Show Work for this question:
Exercise 19-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,500 units $40 per unit $26 per unit $19,600 What is the contribution margin ratio? (Round answer to o decimal places, e.g. 5,275.) Contribution margin ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.)...
Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales 2,090 units Sales price $55 per unit Variable costs $33 per unit Fixed costs $22,990 What is the contribution margin ratio? AND What is the break-even point in dollars? AND What is the margin of safety in dollars and as a ratio? AND If the company wishes to increase its total dollar contribution margin by 30% in 2017, by how much will it need to...
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,260 units Sales price $50 per unit Variable costs $30 per unit Fixed costs $20,340 What is the contribution margin ratio? Contribution margin ratio enter the Contribution margin ratio in percentages % What is the break-even point in dollars? Break-even point $enter the break-even point in dollars What is the margin of safety in dollars and as a ratio? Margin of...
Exercise 5-17 Wildhorse Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,950 units $40 per unit $24 per unit $21,240 What is the contribution margin ratio? X Contribution margin ratio % What is the break-even point in dollars? x! Break-even point What is the margin of safety in dollars and as a ratio? X Margin of safety X Margin of safety ratio %