if sales price is $12 per unit and variable cost is $3 per unit the contribution...
if sales price is $12 per unit and variable cost is $3 per unit the contribution margin ratio is
$9
75%
25%
$15
Homework Answers
Solution:
Contribution margin = Selling price - variable cost
= $12 - $3 = $9
Contribution margin ratio = contribution margin / Selling price
= $9 / $12 = 75%
Hence second option "75%" is correct.
Add Answer to:
if sales price is $12 per unit and variable cost is $3 per unit
the contribution...
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25. Determine the missing amounts Unit selling price Unit variable cost Contribution Contribution margin per unit margin ratio 30% $300 a. $700 unit selling price and $400 unit variable cost b $1,000 unit selling price and $700 unit variable cost C. $428 unit selling price and $128 unit variable cost d. Not enough information to determine values
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $353,000. The variable cost per unit is $0.45. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $111 and has fixed cost of $414,000. Next year, Sooner expects to sell...
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Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has foed cost of $350,600. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $115 and has fixed cost of $459,500. Next year, Sooner expects to sell...
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BOOK Calculator Print Item Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Unless otherwise instructed, round all total dollar figures (e.g. sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits. Required: 1. At the break-even point, Jefferson Company sells 115,000 units...
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Determine the required sales if the variable cost per unit is 60% of the selling price,...
Determine the required sales if the variable cost per unit is 60% of the selling price, fixed costs are $180,000 and the target net income is $100,000. Prove your result. Determine the total variable costs for a company that has a contribution margin of $450,000 and a contribution margin ratio of 30%.
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Peelers Smoothie Company has provided the following information Sales price per unit Variable cost per unit...
Peelers Smoothie Company has provided the following information Sales price per unit Variable cost per unit Fixed costs per month $6.50 $2.00 $1,500 Calculate the contribution margin ratio. (Round your answer to two decimal places.) OA. OB. ОС. OD, 20.00% 225.00% 69.23% 30.77%
25. Determine the missing amounts Unit selling price Unit variable cost Contribution Contribution margin per unit margin ratio 30% $300 a. $700 unit selling price and $400 unit variable cost b $1,000 unit selling price and $700 unit variable cost C. $428 unit selling price and $128 unit variable cost d. Not enough information to determine values
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $353,000. The variable cost per unit is $0.45. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $111 and has fixed cost of $414,000. Next year, Sooner expects to sell...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has foed cost of $350,600. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $115 and has fixed cost of $459,500. Next year, Sooner expects to sell...
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Problem 11-4 NYM Manufacturing Company makes a product. Selling Price per unit Variable manufacturing cost per unit Variable selling expense per unit (sales commissions) Annual Fixed Manufacturing Costs Annual Fixed Selling and Admin Costs 150 80 25 40,000 s 60,000 REQUIRED Determine the break-even point in units and dollars using the following approaches. 1 Equation method 2 Contribution margin per unit. 3 Contribution margin ratio. 4 Confirm your results by preparing a contribution margin income statement for the breakeven sales...
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Peelers Smoothie Company has provided the following information Sales price per unit Variable cost per unit Fixed costs per month $6.50 $2.00 $1,500 Calculate the contribution margin ratio. (Round your answer to two decimal places.) OA. OB. ОС. OD, 20.00% 225.00% 69.23% 30.77%
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