Homework Answers
False
Explanation:
Contribution Margin = Sales Price per Unit - Variable Cost per Unit
Contribution Margin does not subtract total cost from sales price, it just reduces sales price by variable cost.
Add Answer to:
The contribution margin is equal to sales price per unit minus total costs per unit True...
Contribution Margin Harry Company sells 28,000 units at $23 per unit. Variable costs are $19.32 per...
Contribution Margin Harry Company sells 28,000 units at $23 per unit. Variable costs are $19.32 per unit, and fixed costs are $47,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) 16 V per unit 3.68 b. Unit contribution margin (Round to the nearest cent.) c. Income from operations Feedback V Check My Work a. Unit contribution margin divided by unit sales price equals...
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio:...
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: (Click the icon to view the table.) i Data Table Number of units - ABC 870 units 33,750 units 3,570 units $ 1,000 $ 10 $ 5,440 600 6 2,720 Sale price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Print Done Done Compute the missing information, starting with scenario A, then for scenarios...
What is contribution margin equal to on a contribution margin income statement? A. Sales revenues minus...
What is contribution margin equal to on a contribution margin income statement? A. Sales revenues minus fixed expenses B. Fixed expenses plus variable expenses C. Sales revenues minus variable expenses D. Fixed expenses minus variable expenses
• E20-25 Computing contribution margin in total, per unit, and as a ratio Complete the table...
• E20-25 Computing contribution margin in total, per unit, and as a ratio Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: Number of units Sales price per unit Variable costs per unit 1,720 units $1,800 720 $ 4,500 3,600 4,620 units $5,550 1,665 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin?...
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What would the company's monthly operating income be if the company sold 150,000 units? 3. What would the company's monthly operating income be if the company had sales of $4,500,000? 4. What is the breakeven point in units? In sales dollars? 5. How many units would the company have to sell to earn a target monthly profit of $260,400? 6. Management is currently...
Learning Objective 2 E21-34 Computing contribution margin in total, per unit, and as a ratio Complete...
Learning Objective 2 E21-34 Computing contribution margin in total, per unit, and as a ratio Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: C. CMR 70% 14,920 units 1,720 units $ 1,800 720 $ 4,500 3,600 4,620 units $5,550 1,665 Number of units Sales price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
BRIEF EXERCISES 19. Contribution Margin Calculations a. The contribution margin per unit is calculated as: b....
BRIEF EXERCISES 19. Contribution Margin Calculations a. The contribution margin per unit is calculated as: b. The contribution margin ratio is calculated as: 20. Weighted Average Contribution Margin Calculation a. The contribution margin per unit for the airplane is calculated as: The contribution margin per unit for the boat is calculated as: b. The weighted average contribution margin per unit is calculated below: En pranon using this information! 19. Contribution Margin Calculations. Yard Equipment Company selsea blowers for $400 per...
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable...
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable costs are costs that remain constant on a per-unit basis as the level of activity changes. true or false? 3. Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio. true or false 4. The data required for determining the break-even point for a business are the total estimated fixed costs for a period stated as a percentage...
A product has a sales price of $140 and a per-unit contribution margin of $14. What...
A product has a sales price of $140 and a per-unit contribution margin of $14. What is the contribution margin ratio? Contribution margin ratio %
Steven Company has fixed costs of $345,268. The unit selling price, variable cost per unit, and contribution margin per...
Steven Company has fixed costs of $345,268. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per unit Variable Cost per unit Contribution Margin per unit X $1,216 $456 $760 Y 409 219 190 The sales mix for products X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y combined. Round answer to nearest whole number. (?)units
Contribution Margin Harry Company sells 28,000 units at $23 per unit. Variable costs are $19.32 per unit, and fixed costs are $47,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) 16 V per unit 3.68 b. Unit contribution margin (Round to the nearest cent.) c. Income from operations Feedback V Check My Work a. Unit contribution margin divided by unit sales price equals...
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: (Click the icon to view the table.) i Data Table Number of units - ABC 870 units 33,750 units 3,570 units $ 1,000 $ 10 $ 5,440 600 6 2,720 Sale price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Print Done Done Compute the missing information, starting with scenario A, then for scenarios...
• E20-25 Computing contribution margin in total, per unit, and as a ratio Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: Number of units Sales price per unit Variable costs per unit 1,720 units $1,800 720 $ 4,500 3,600 4,620 units $5,550 1,665 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
Requirements 1. What is the company's contribution margin per unit? Contribution margin percentage? Total contribution margin? 2. What would the company's monthly operating income be if the company sold 150,000 units? 3. What would the company's monthly operating income be if the company had sales of $4,500,000? 4. What is the breakeven point in units? In sales dollars? 5. How many units would the company have to sell to earn a target monthly profit of $260,400? 6. Management is currently...
Learning Objective 2 E21-34 Computing contribution margin in total, per unit, and as a ratio Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: C. CMR 70% 14,920 units 1,720 units $ 1,800 720 $ 4,500 3,600 4,620 units $5,550 1,665 Number of units Sales price per unit Variable costs per unit Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
BRIEF EXERCISES 19. Contribution Margin Calculations a. The contribution margin per unit is calculated as: b. The contribution margin ratio is calculated as: 20. Weighted Average Contribution Margin Calculation a. The contribution margin per unit for the airplane is calculated as: The contribution margin per unit for the boat is calculated as: b. The weighted average contribution margin per unit is calculated below: En pranon using this information! 19. Contribution Margin Calculations. Yard Equipment Company selsea blowers for $400 per...
A product has a sales price of $140 and a per-unit contribution margin of $14. What is the contribution margin ratio? Contribution margin ratio %
Most questions answered within 3 hours.
-
) Assume that in the market for widgets, demand is highly
elastic compared to supply. If...
asked 6 minutes ago -
Why is a personal interview the most important step in the sales
selection process? What are...
asked 16 minutes ago -
In Python rOverlap (x1, y1, w1, h1, x2, y2, w2, h2) A rectangle
is axis-aligned if...
asked 16 minutes ago -
If we observe in a protein solution that DNA is causing a
mixture 260/280 ratio ~0.9,...
asked 26 minutes ago -
Explain the steps involved in making cDNA from mRNA, and how you
would create a cDNA...
asked 27 minutes ago -
A beta (β) particle is described by which of the following?
Select the correct answer below:...
asked 30 minutes ago -
A new machine costs $150,000, lasts 10 years, has an annual
O&M cost of $50,000, and...
asked 33 minutes ago -
A newspaper in a large Midwestern city reported that the
National Association of Realtors said that...
asked 34 minutes ago -
1. Develop a use case diagram for the bank case study described
in Chapter 1. 2....
asked 44 minutes ago -
The phylum Protista has often been referred to as a junk drawer
of classification. Explain what...
asked 51 minutes ago -
The average amount of money spent for lunch per person in the
college cafeteria is $7.09...
asked 53 minutes ago -
You follow the lab procedure and at the end of Part 4C, you used
an average...
asked 1 hour ago