Determine contribution margin ratio, break-even point in dollars, and margin of safety (LO 3, 4, 5),...
C. Assung aclul I W M E5.17 (LO 3,4,5), AP Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2019: Determine contribut break-even point in a margin of safety Sales Sales price Variable costs Fixed costs 2,500 units $40 per unit $24 per unit $19,500 Instructions a. What is the contribution margin ratio? b. What is the break-even point in dollars? c. What is the margin of safety in dollars and as a ratio? d. If...
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...
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...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio 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...
P18-2A Prepare a CVP income statement, compute break-even point, contribution margin ratio, margin of safety ratio and sales for target net income Jorge Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2017, management estimates the following revenues and costs. Sales $1,800,000 Selling expenses - variable Direct materials 430,000 Selling expenses - fixed Direct labor 360,000 Administrative...
Exercise 5-17 (Part Level Submission) Pharoah Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,090 units $55 per unit $33 per unit $22,990 (a) Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 40 % (b) Your answer is correct. What is the break-even point in dollars? Break-even point 574751 (c) Your answer is correct. What is the margin of safety in dollars and...
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...
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 %