Homework Answers
Contribution margin=Sales-Variable cost
=20-8=$12 per unit
Contribution margin=12*100,000=$1,200,000
Contribution margin per unit=$12 per unit
Contribution margin ratio=Contribution margin/Sales
=(12/20)=60%
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Calculate the following based on the information below: 3. $20 per unit 100,000 units $8 per...
Calculate the following based on the following information: Sales: $20 per unit (100,000 units) Variable costs:...
Calculate the following based on the following information: Sales: $20 per unit (100,000 units) Variable costs: $8 per unit Fixed costs $350,000 a. what is the contribution margin in dollars? b. what is the contribution margin per unit? c. what is the contribution margin ratio?
23. Information for a company is shown below. Variable costs per unit: $10.00 direct materials $9.00...
23. Information for a company is shown below. Variable costs per unit: $10.00 direct materials $9.00 for direct labor $6.00 for variable overhead. Total fixed costs: $100,000 in manufacturing overhead and $80,000 in nonmanufacturing costs Assume the company sold75,000 units for $35,00 cach. a. What is the Unit contribution margin? b. Contribution margin ratio? c. Break-even point in units? Dollars? d. If I told you the unit contribution was $12, what is the amount of contribution margin in dollars if...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout Formulas Kevlar Kevlar Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Selling and administrative expenses - variable Total variable costs per unit 2 Resin and supplies 3 Finishing kit (seat, rudder, ropes, etc.) 4 Labor 5 Selling and administrative expenses variable 6 Selling and administrative expenses—fixed 7 Manufacturing overhead-fixed $250 per kayak $100 per kayak $170 per kayak $420 per kayak $400...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit is $750, and total fixed cost are $700,000. Based on the provided information, answer the following: 1. What is the contribution margin in per unit? $ 2. Compute break even in units. units 3. Calculate sales in units and dollars in order to earn pre-tax income of $350,000. 1. Sales in Units: units 2. Sales in dollars: $ 4. Compute break even in units,...
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...
+ Cm 30. Webber, Inc, developed the following information for its product: Per Unit Sales price...
+ Cm 30. Webber, Inc, developed the following information for its product: Per Unit Sales price Variable cost Contribution margin 527 $90 Total fixed costs $1.215.000 Instructions Answer the following independent questions and show computations using the contribution margin technique to support your answers. 1. Prepare a CVP income statement assuming the company is presently selling 50,000 units. 2. Calculate the contribution margin ratio and the per unit contribution margin. 3 Calculate break even in unit sales and in sales...
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales............
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales......... ...$3,000,000 Variable expenses. .1,800,000 Contribution margin... ..1,200,000 Fixed expenses.... ...900,000 Net operating income... 300,000 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the variable expense ratio? 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net...
#2. SBD Company sells its cordless phone for $90 per unit. Fixed costs are si costs are $36 per unit 1. What is con...
#2. SBD Company sells its cordless phone for $90 per unit. Fixed costs are si costs are $36 per unit 1. What is contribution margin per unit? unit. Fixed costs are $162,000 and variable 2. What is break-even point in units? 3. What is contribution margin ratio? 4. What is break-even point in dollars? 5. If current sales are $350,000 what is the margin of safety?
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses...
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
23. Information for a company is shown below. Variable costs per unit: $10.00 direct materials $9.00 for direct labor $6.00 for variable overhead. Total fixed costs: $100,000 in manufacturing overhead and $80,000 in nonmanufacturing costs Assume the company sold75,000 units for $35,00 cach. a. What is the Unit contribution margin? b. Contribution margin ratio? c. Break-even point in units? Dollars? d. If I told you the unit contribution was $12, what is the amount of contribution margin in dollars if...
3 (a) Calculate variable cost per unit. Current Designs.xls Data Review View Home Insert Page Layout Formulas Kevlar Kevlar Resin and supplies Finishing kit (seat, rudder, ropes, etc.) Labor Selling and administrative expenses - variable Total variable costs per unit 2 Resin and supplies 3 Finishing kit (seat, rudder, ropes, etc.) 4 Labor 5 Selling and administrative expenses variable 6 Selling and administrative expenses—fixed 7 Manufacturing overhead-fixed $250 per kayak $100 per kayak $170 per kayak $420 per kayak $400...
Zoom Company produces widgets. The widgets are sold for $3.00 per unit to wholesalers. Unit variable cost are 60%. For the year 2019, management estimates the following revenues and costs. $ Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses - variable Selling expenses - fixed SGA expenses - Variable SGA expenses- fixed 2,500,000 630,000 560,000 350,000 480,000 80,000 85,000 40,000 100,000 5 Instructions: 6 (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Instructions:...
Question 8 5 pts A company sells a product for $1,250 each, variable cost per unit is $750, and total fixed cost are $700,000. Based on the provided information, answer the following: 1. What is the contribution margin in per unit? $ 2. Compute break even in units. units 3. Calculate sales in units and dollars in order to earn pre-tax income of $350,000. 1. Sales in Units: units 2. Sales in dollars: $ 4. Compute break even in units,...
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...
+ Cm 30. Webber, Inc, developed the following information for its product: Per Unit Sales price Variable cost Contribution margin 527 $90 Total fixed costs $1.215.000 Instructions Answer the following independent questions and show computations using the contribution margin technique to support your answers. 1. Prepare a CVP income statement assuming the company is presently selling 50,000 units. 2. Calculate the contribution margin ratio and the per unit contribution margin. 3 Calculate break even in unit sales and in sales...
Omar Company prepared the following contribution format income statement based on 100,000 units of sales. Sales......... ...$3,000,000 Variable expenses. .1,800,000 Contribution margin... ..1,200,000 Fixed expenses.... ...900,000 Net operating income... 300,000 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the variable expense ratio? 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net...
#2. SBD Company sells its cordless phone for $90 per unit. Fixed costs are si costs are $36 per unit 1. What is contribution margin per unit? unit. Fixed costs are $162,000 and variable 2. What is break-even point in units? 3. What is contribution margin ratio? 4. What is break-even point in dollars? 5. If current sales are $350,000 what is the margin of safety?
$170 per unit. The company incurs variable manufacturing costs of $83 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $498.000, and fixed selling and administrative costs are $236.400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by...
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