Homework Answers
Answer:
Break Even Point (Dollar Sales) = Fixed Cost / Contribution
Margin Ratio
$309,000 = $92,700 / Contribution Margin Ratio
Contribution Margin Ratio = 30%
Contribution Margin Ratio = (Unit Selling Price – Unit Variable
Cost) / Unit Selling Price * 100
30 = ($5 - Unit Variable Cost) / $5 * 100
0.30 = ($5 - Unit Variable Cost) / $5
$1.50 = $5 - Unit Variable Cost
Unit Variable Cost =$3.50
Add Answer to:
du courses/119937/assignments/695 Q0 In 2019, Cullumber Company had a break-even point of $309,000 based on a...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $8 per unit and fixed costs of $172,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $442,000. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g. 25.) Compute...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $126,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $453,000. ✓ Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of $8 per unit and fixed costs of $108,600. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $467,000. . Your answer is incorrect. 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 0...
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution...
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $180 per unit. The company incurs variable manufacturing costs of $100 per unit. Variable seling expenses are $17 per unit, annual fixed manufacturing costs are $460,000, and fixed selling and administrative costs are $195.200 per year Required Determine the break-even point in units and dollars using each of 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 f...
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...
In 2016, Manhoff Company had a break-even point of $341,000 based on a selling price of...
In 2016, Manhoff Company had a break-even point of $341,000 based on a selling price of $5 per unit and fixed costs of $171,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $437,000. Compute the variable costs per unit and the contribution margin ratio for 2016. AND Compute the increase in fixed costs for 2017.
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price...
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price of $5 per unit and fixed costs of $122,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $437,000. Compute the variable costs per unit and the contri bution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g....
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,260...
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...
E18-12 In 2013, Manhoff Company had a break-even point of $350,000 based on a selling price...
E18-12 In 2013, Manhoff Company had a break-even point of $350,000 based on a selling price of $5 per unit and fixed costs of $112,000. In 2014, the selling price and the variable costs per unit did not change, but the break-even point increased to S420,000. Instructions (a) Compute the variable costs per unit and the contribution margin ratio for 2013. (b) Compute the increase in fixed costs for 2014
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $126,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $453,000. ✓ Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of $8 per unit and fixed costs of $108,600. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $467,000. . Your answer is incorrect. 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 0...
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $180 per unit. The company incurs variable manufacturing costs of $100 per unit. Variable seling expenses are $17 per unit, annual fixed manufacturing costs are $460,000, and fixed selling and administrative costs are $195.200 per year Required Determine the break-even point in units and dollars using each of 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...
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price of $5 per unit and fixed costs of $122,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $437,000. Compute the variable costs per unit and the contri bution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g....
E18-12 In 2013, Manhoff Company had a break-even point of $350,000 based on a selling price of $5 per unit and fixed costs of $112,000. In 2014, the selling price and the variable costs per unit did not change, but the break-even point increased to S420,000. Instructions (a) Compute the variable costs per unit and the contribution margin ratio for 2013. (b) Compute the increase in fixed costs for 2014
Most questions answered within 3 hours.
-
The resistance of the body varies from approximately 500 kΩ
(when it is very dry) to...
asked 2 minutes from now -
Please explain how participation income and expenses are
allocated to each partner. Where is this defined?
asked 7 minutes ago -
The tires of a car make 61 revolutions as the car reduces its
speed uniformly from...
asked 22 minutes ago -
Peabody, Inc., sells fireworks. The company’s marketing director
developed the following cost of goods sold budget...
asked 26 minutes ago -
A signal transduction pathway includes the steps listed
below.
1. An inactive signal transduction molecule is...
asked 25 minutes ago -
1. The correlation coefficient determined for two variables has
a value of 0.89. Describe, in words,...
asked 31 minutes ago -
The following data relate to direct materials costs for
November:
Actual costs
4,700 pounds at $5.35...
asked 30 minutes ago -
Kyle, a 95.0 kg football player, leaps straight up into the air
(with no horizontal velocity)...
asked 54 minutes ago -
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
asked 57 minutes ago -
Find the total pressure exerted by 2 grams of ethane and 3 grams
of CO2 contained...
asked 58 minutes ago -
A fireman standing on a 5.2 m high ladder operates a water hose
with a round...
asked 54 minutes ago -
A cream formulation is studied for accelerated stability study.
Creaming was observed when formulation was tested...
asked 57 minutes ago