Homework Answers
Answer:
Selling price per unit = $1,100
Variable cost per unit = $550
Contribution Margin per unit = Selling price per unit - Variable
cost per unit
Contribution Margin per unit = $1,100 - $550
Contribution Margin per unit = $550
Contribution Margin ratio = Contribution Margin per unit /
Selling price per unit * 100
Contribution Margin ratio = $550 / $1,100 * 100
Contribution Margin ratio = 50%
Break Even Sales = Fixed Cost / Contribution Margin ratio
Break Even Sales = $33,000 / 0.50
Break Even Sales = $66,000
Current Sales = 85 * $1,100
Current Sales = $93,500
Margin of Safety (in Dollar) = Current Sales – Break Even
Sales
Margin of Safety (in Dollar) = $93,500 - $66,000
Margin of Safety (in Dollar) = $27,500
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QUESTION 4 A Company sells a marble slab for $1,100. Fixed costs are $33,000, while the...
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Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs...
Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs are $550 per slab. The company currently plans to sell 210 slabs this month. What is the margin of safety assuming 80 slabs are actually sold? (Round unit calculations up to the nearest whole number.) O A. $34.000 OB. $19,800 O C. $47,300 OD. $162,800
Question 18 15 points Stones Manufacturing, sells a marble slab for $1000. Fixed costs are $35,000,...
Question 18 15 points Stones Manufacturing, sells a marble slab for $1000. Fixed costs are $35,000, while the variable costs are $450 per slab. The company currently plans to sell 230 slabs this month. What the margin of safety assuming 85 slabs are budgeted? $35,000 $166,363.636 $21,363.6364 $62,863.6364
Stones Manufacturing, sells a marble slab for $1500. Fixed costs are $31,000, while the variable costs...
Stones Manufacturing, sells a marble slab for $1500. Fixed costs
are $31,000, while the variable costs are $450 per slab. The
company currently plans to sell 240 slabs this month. What is the
margin of safety assuming 75 slabs are budgeted?
$207,714.286
$31,000
$68,214.2857
$315,714.286
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Stones Manufacturing sells a marble slab for $1,100. Fixed costs are $34,000, while the variable costs are $550 per slab. The company currently plans to sell 210 slabs this month. What is the margin of safety assuming 80 slabs are actually sold? (Round unit calculations up to the nearest whole number.) O A. $34.000 OB. $19,800 O C. $47,300 OD. $162,800
Question 18 15 points Stones Manufacturing, sells a marble slab for $1000. Fixed costs are $35,000, while the variable costs are $450 per slab. The company currently plans to sell 230 slabs this month. What the margin of safety assuming 85 slabs are budgeted? $35,000 $166,363.636 $21,363.6364 $62,863.6364
Stones Manufacturing, sells a marble slab for $1500. Fixed costs
are $31,000, while the variable costs are $450 per slab. The
company currently plans to sell 240 slabs this month. What is the
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$207,714.286
$31,000
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Answer the following questions using the information
below:
Southwestern College is planning to hold a fund raising banquet at
one of the local country clubs. It has two options for the
banquet:
Southwestern College has...
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SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Sales | $ 85 per unit Less: Variable costs 34 per unit Contribution margin $ 51 per unit (2) Determine the break-even point in units. Choose Numerator:...
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