Homework Answers
ANSWER:
Selling price per unit = total sales/total units sold
= $784860/20600 = $38.10 per unit
Variable cost per unit = total variable costs/total units sold
= $627888/20600 = $30.48
For Year 2018:
variable cost per unit by installing machine = $30.48/2 = $15.24
Therefore,
Contribution margin per unit = selling price per unit - variable cost per unit
= $38.10 - $15.24 = $22.86
Therefore,
Contribution margin ratio = contribution margin per unit/selling price per unit
= $22.86/$38.10
= 60%
Fixed cost = $212000 + $156000 = $368000
Therefore,
Break even point (dollar sales) = fixed cost/contribution margin ratio
= $368000/60%
= $613333.33
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Required information Problem 18-4A Break-even analysis; income targeting and forecasting LO C2, P2, A1 [The following...
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Problem 18-4A Break-even analysis: income targeting and forecasting LO C2. P2. A1 The following information applies to the questions displayed below. Astro Co. sold 19,300 units of its only product and incurred a $54,940 loss fignoring taxes) for the current year as shown here. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its...
Required information Problem 21-4A Break-even analysis; income targeting and forecasting LO C2, P2, A1 (The following information applies to the questions displayed below.) Astro Co. sold 19,600 units of its only product and incurred a $46,568 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must...
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