Please solve the contribution margin ratio.
Please solve the contribution margin ratio. Exercise 3.37 Cheyenne manufactures and sells swimsuits for $40.00 each....
Exercise 3.37 Cheyenne manufactures and sells swimsuits for $40.00 each. The estimated income statement for 2017 is as follows: Sales Variable costs Contribution margin Fixed costs $2,000,000 1,050,000 950,000 785,000 $165,000 Pretax earnings Compute the contribution margin per swimsuit and the number of swimsuits that must be sold to break even. (Round contribution margin per swimsuit to 2 decimal places, e.g. 15.25 and break even swimsuits to 0 decimal places, e.g. 125.) Contribution margin $ per swimsuit Break even Swimsuits...
Exercise 3.37 Pronghorn manufactures and sells swimsuits for $40.00 each. The estimated income statement for 2017 is as follows: Sales $2,000,000 1,040,000 Contribution margin 960,000 790,000 tax earnings$170,000 Variable costs Fixed costs Pre Compute the contribution margin per swimsuit and the number of swimsuits that must be sold to break even. (Round contribution margin per swimsuit to 2 decimal places, e.g. 15.25 and break even swimsuits to 0 decimal places, e.g. 125.) Contribution margin $ Break even per swimsuit swimsuits...
Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin 29890 Contribution margin per unit 49 Contribution margin ratio 35% SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS XYour answer is incorrect. Try again. Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places 1,225.) Break-even sales units Break-even sales In the month of March, Style...
Accounting Help. Thanks!
Please help me find margin of safety ratio and total increase in
sales required. I have already found most of the answers. Thank
you
Oak Bucket Co., a manufacturer of wood buckets, had the following data for 2013. Sales Sales price Variable costs Fixed costs 2,000 units $43.00 per unit $15.91 per unit $19,530 Your answer is correct. What is the contribution margin ratio? Contribution margin ratio 1 LINK TO TEXT VIDEO: SKILL-BUILDING Your answer is correct....
Please solve the incorrect answers! Idk what I did wrong
Exercise 3.27 Stellar produces one single product, a small reading tablet, and sells it at $130 per unit. Its current annual sales are $312,000. Its annual fixed costs include factory rent, 562,400; depreciation expense; equipment, $15,600; utilities, $31,200; insurance, $12,480. Its variable costs include materials, $39 per unit, and direct labour, $52 per unit. Stellar's income tax rate is 20%. Your answer is correct. What is the contribution margin per...
What are the correct answers
for the ones I got wrong??
Exercise 3.27 Stellar produces one single product, a small reading tablet, and sells it at $130 per unit. Its current annual sales are $312,000. Its annual fixed costs include factory rent, 562,400; depreciation expense; equipment, $15,600; utilities, $31,200; insurance, $12,480. Its variable costs include materials, $39 per unit, and direct labour, $52 per unit. Stellar's income tax rate is 20%. Your answer is correct. What is the contribution margin...
Question 3 Rossi Incorporated makes track suits that sell for coming year. 70 each. Actual sales are $1,036,000. Management estimates that fixed costs will total $233,100 and variable costs will be $49 per unit this Calculate the break even point n sales dollars using the contribution margin ratio places, e.g. 125.) Round contribution margin ratio to 4 decimal places, eg. 15.2964% and final answer to 0 decimal Break-even point in dollars LINK TO TEXT Calculate the margin of safety in...
Exercise 20-2 In the month of June, Jose Hebert's Beauty Salon gave 4,200 haircuts, shampoos, and permanents at an average price of $ 40. During the month, fixed costs were $ 16,700 and variable costs were 75% of sales. Determine the contribution margin in dollars, per unit and as a ratio. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, e.g. 5.25 & 10.50.) Contribution margin Contribution margin per unit Contribution margin ratio $ % LINK...
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...
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.)...