Homework Answers
1)The contribution margin DECREASES when the sales price decreases.when variable costs decrease. The contribution margin INCRESES.The contribution margin DOES NOT CHANGE when the fixed costs decrease.
2)The breakeven point DECRESES when fixed costs decrease.when the sales price decreases. The breakeven point INCRAESES.when the variable costs decrease. The breakeven point INCREASES
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Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and...
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving...
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter...
Mi Tierra Driving School charges 5680 per student to prepare and administer written and driving tests....
Mi Tierra Driving School charges 5680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of 563,920 include the training facility and feet of cars. Read the requirements Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units Begin by showing the formula for contribution margin per unit and then enter the...
I need assistance with requirements 3,4 and 5, please. The contribution margin income statement of Unique...
I need assistance with requirements 3,4 and
5, please.
The contribution margin income statement of Unique Donuts for August 2018 follows: E: (Click the icon to view the contribution margin income statement.) Unique sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $7.00, with total variable cost of $2.80 per dozen. Read the requirements. Data Table Requirement 1....
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...
Grippy Co. produces sports socks. The company has fixed costs of $75,000 and variable costs of...
Grippy Co. produces sports socks. The company has fixed costs of $75,000 and variable costs of S0.75 per package. Each package sells for $1.50. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by selecting the labels and entering the...
4. When the selling price per unit and variable costs per unit remain constant, if total...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
Happy Toss Co. produces sports socks. The company has fixed costs of $91,000 and variable costs...
Happy Toss Co. produces sports socks. The company has fixed costs of $91,000 and variable costs of S0.81 per package. Each package sells for $1.80. Requirements Compule the contribution margin per package and the contribution margin ralio. (Round your answers to Iwo decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. 1. Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by selecting the labels and entering...
BOOK Calculator Print Item Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense...
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...
Please find the following: Contribution margin per unit Contribution margin ratio Fixed Cost Fixed Cost per...
Please find the following:
Contribution margin per unit
Contribution margin ratio
Fixed Cost
Fixed Cost per year
Breakecen Sales
Cullumber Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $100 throughout the country to loyal alumni of over 3,300 schools. Cullumber's variable costs are 40% of sales, fixed costs are $116,000 per month. (a1) * Your answer is incorrect. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38...
A furniture manufacturer specializes in wood tables. The tables sell for $100 per unit and incur...
A furniture manufacturer specializes in wood tables. The tables sell for $100 per unit and incur $40 per unit in variable costs. The company has $6,000 in fixed costs per month. Expected sales are 200 tables per month. 17. 18. 19. Calculate the margin of safety in units. Determine the degree of operating leverage. Use expected sales. The company begins manufacturing wood chairs to match the tables. Chairs sell for $50 each and have variable costs of $30. The new...
Question Help Highway Driving School charges $800 per student to prepare and administer written and driving tests. Variable costs of $240 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $151,200 include the training facility and fleet of cars. Read the requirements. Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter...
Mi Tierra Driving School charges 5680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of 563,920 include the training facility and feet of cars. Read the requirements Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units Begin by showing the formula for contribution margin per unit and then enter the...
I need assistance with requirements 3,4 and
5, please.
The contribution margin income statement of Unique Donuts for August 2018 follows: E: (Click the icon to view the contribution margin income statement.) Unique sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $4.00, with total variable cost of $1.60 per dozen. A dozen custard-filled donuts sells for $7.00, with total variable cost of $2.80 per dozen. Read the requirements. Data Table Requirement 1....
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...
Grippy Co. produces sports socks. The company has fixed costs of $75,000 and variable costs of S0.75 per package. Each package sells for $1.50. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by selecting the labels and entering the...
4. When the selling price per unit and variable costs per unit remain constant, if total fixed costs decrease, which of the following statements is true? A. Breakeven point in units increases. C. Breakeven point in units decreases B. Contribution margin decreases. D. Contribution margin increases. lace Furniture sells two products, tables and chairs. A table sells for $80 per unit riable costs of $25 per unit. A chair sells for $60 per unit with variable costs of Total fixed...
Happy Toss Co. produces sports socks. The company has fixed costs of $91,000 and variable costs of S0.81 per package. Each package sells for $1.80. Requirements Compule the contribution margin per package and the contribution margin ralio. (Round your answers to Iwo decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. 1. Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by selecting the labels and entering...
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...
Please find the following:
Contribution margin per unit
Contribution margin ratio
Fixed Cost
Fixed Cost per year
Breakecen Sales
Cullumber Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $100 throughout the country to loyal alumni of over 3,300 schools. Cullumber's variable costs are 40% of sales, fixed costs are $116,000 per month. (a1) * Your answer is incorrect. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38...
A furniture manufacturer specializes in wood tables. The tables sell for $100 per unit and incur $40 per unit in variable costs. The company has $6,000 in fixed costs per month. Expected sales are 200 tables per month. 17. 18. 19. Calculate the margin of safety in units. Determine the degree of operating leverage. Use expected sales. The company begins manufacturing wood chairs to match the tables. Chairs sell for $50 each and have variable costs of $30. The new...
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