Homework Answers
| 1) | Contribution Margin per pair = | Selling price per pair - Variable cost per pair | ||||||
| = | $ 205 - $ 164 | |||||||
| = | $ 41.00 | |||||||
| 2) | Contribution Margin ratio = | Contribution Margin per pair / Selling Price per pair | ||||||
| = | $ 41 / $ 205 | |||||||
| = | 20% | |||||||
| 3) | This means the company has 20% of each sales dollar to cover the company's fixed expense | |||||||
| and profit. | ||||||||
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Exercise 18-8 Contribution margin A1 A jeans maker is designing a new line of jeans called...
A jeans maker is designing a new line of jeans called Slims.
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $305 per pair and cost $201.30 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair. (2) Compute the contribution margin ratio. Choose Numerator:
A jeans maker is designing a new line of jeans called Slims. The jeans will sell...
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $300 per pair and cost $195.00 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair. Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio
Aleans maker is designing a new line of jeans called Slims. The jeans will sell for...
Aleans maker is designing a new line of jeans called Slims. The jeans will sell for $305 per pair and cost $201.30 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: = Contribution Margin Ratio Contribution margin ratio < Prev 7 of 11 !! Next >
A jeans maker is designing a new line of jeans called Slims
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $355 per pair and cost $262 70 per pair in variable costs to make. (Round your answers to 2 decimal places.)
I need help with the explanation and solution with the whole question. Chapter 18 Homework, Part...
I need help with the explanation and solution with the whole
question.
Chapter 18 Homework, Part 1 0 Help Save & Exit Submit Check my work A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $375 per pair and cost $262.50 per pair in variable costs to make. (Round your answers to 2 decimal places.) points (1) Compute the contribution margin per pair. eBook Contribution margin Hint (2) Compute the contribution margin...
Zhao Co. has fixed costs of $275,600. Its single product sells for $161 per unit, and...
Zhao Co. has fixed costs of $275,600. Its single product sells
for $161 per unit, and variable costs are $109 per unit. The
company expects sales of 10,000 units. Prepare a contribution
margin income statement for the year ended December 31, 2019.
Exercise 21-8 Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your...
I need help with ( F, G, and H please) Chapter 5 - Assignment Exercise Assignment...
I need help with ( F, G, and H please)
Chapter 5 - Assignment Exercise Assignment Exercise 5-8 (with fixed costs added) Template Contribution Margin ans maker is designing a new line of leans called Slims. The following information describes a product expected to be produced and sold by the company Selling price Variable costs Total fixed costs $205 per unit $164 per unit $246,000 per year Required: a. Calculate the contribution margin per unit. b. Calculate the contribution margin...
Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells...
Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells for $205 per unit and whose total variable costs are $164 per unit. The company's annual fixed costs are $553,500. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Contribution Margin Ratio Choose Numerator: / Choose Denominator: Contribution margin ratio 0 (c) Compute the company's break-even point in units. Choose Numerator: Choose Denominator: Break-Even Units /...
Exercise 18-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin...
Exercise 18-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin income statement shown below. (Round "Per Unit" answers to 2 decimal places.) Company A Number of units sold Company B 2,450 Total Per unit Total Per unit $ 525,300 $ 103.00 336,600 Sales Variable costs Contribution margin Faced costs Net income 142,100 193,550 71,050 $ 122,400
Ch 18 Homework 1 Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1...
Ch 18 Homework 1 Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $500 each. The company has a 25 % Income tax rate. 166 points Variable production costs Plastic for casing Wages of assenbly workers Drun stands $ 17,000 82,000 26,000 eBook Variable selling costs Sales...
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $300 per pair and cost $195.00 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair. Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio
Aleans maker is designing a new line of jeans called Slims. The jeans will sell for $305 per pair and cost $201.30 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: = Contribution Margin Ratio Contribution margin ratio < Prev 7 of 11 !! Next >
I need help with the explanation and solution with the whole
question.
Chapter 18 Homework, Part 1 0 Help Save & Exit Submit Check my work A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $375 per pair and cost $262.50 per pair in variable costs to make. (Round your answers to 2 decimal places.) points (1) Compute the contribution margin per pair. eBook Contribution margin Hint (2) Compute the contribution margin...
Zhao Co. has fixed costs of $275,600. Its single product sells
for $161 per unit, and variable costs are $109 per unit. The
company expects sales of 10,000 units. Prepare a contribution
margin income statement for the year ended December 31, 2019.
Exercise 21-8 Contribution margin LO A1 A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your...
I need help with ( F, G, and H please)
Chapter 5 - Assignment Exercise Assignment Exercise 5-8 (with fixed costs added) Template Contribution Margin ans maker is designing a new line of leans called Slims. The following information describes a product expected to be produced and sold by the company Selling price Variable costs Total fixed costs $205 per unit $164 per unit $246,000 per year Required: a. Calculate the contribution margin per unit. b. Calculate the contribution margin...
Exercise 18-9 Contribution margin and break-even LO P2 Blanchard Company manufactures a single product that sells for $205 per unit and whose total variable costs are $164 per unit. The company's annual fixed costs are $553,500. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Contribution Margin Ratio Choose Numerator: / Choose Denominator: Contribution margin ratio 0 (c) Compute the company's break-even point in units. Choose Numerator: Choose Denominator: Break-Even Units /...
Exercise 18-27 Contribution margin income statement LO A1 Compute the missing amounts in the contribution margin income statement shown below. (Round "Per Unit" answers to 2 decimal places.) Company A Number of units sold Company B 2,450 Total Per unit Total Per unit $ 525,300 $ 103.00 336,600 Sales Variable costs Contribution margin Faced costs Net income 142,100 193,550 71,050 $ 122,400
Ch 18 Homework 1 Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $500 each. The company has a 25 % Income tax rate. 166 points Variable production costs Plastic for casing Wages of assenbly workers Drun stands $ 17,000 82,000 26,000 eBook Variable selling costs Sales...
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