Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00...
Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.40 for variable overhead. Fixed costs were $61,800 in manufacturing overhead and $41,100 in nonmanufacturing costs.
a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.)
b. What is the unit contribution margin? (Round your answer to 2 decimal places.)
c. What is the contribution margin ratio? (Round your intermediate calculations and final answer to 2 decimal places.)
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Chilton, Inc. sold 11,700 units last year for $21 each. Variable
costs per unit were $2.00...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.20 for variable overhead. Fixed costs were $60,000 in manufacturing overhead and $40,300 in nonmanufacturing costs. a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Contribution Margin b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contribution Margin c. What is the contribution...
Problem 5-121 [LO 5-5) Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs...
Problem 5-121 [LO 5-5) Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00 for direct $60,600 in manufacturing overhead and $40,200 in nonmanufacturing costs. materials, $3.00 for direct labor, and $3.10 for variable overhead. Fixed costs were a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) b. What is the unit contribution margin? (Round your answer to 2 decimal places.) c. What is the contribution margin ratio?...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit contribution margin...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were $3,570 and variable costs were $12 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Required 1 Required 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your contribution Margin Ratio to...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and sells 12.000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.80 $ 3.40 $ 1.70 $13.60 $ 2.40 $ 2.00 $ 0.50 $ 0.40 Required: a. For financial reporting purposes, what the total amount of product costs...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and sells 12,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.80 $ 3.40 $ 1.70 $13.60 $ 2.40 $ 2.00 $ 0.50 $ 0.40 Required: a. For financial reporting purposes, what is the total amount of product...
The following are the selling price, variable costs, and contribution margin for one unit of each...
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Company’s three products: A, B, and C: Product A B C Selling price $ 110.00 $ 150.00 $ 170.00 Variable costs: Direct materials 69.50 72.50 117.50 Direct labour 6.00 20.00 8.00 Variable manufacturing overhead 1.50 5.00 2.00 Total variable cost 77.00 97.50 127.50 Contribution margin $ 33.00 $ 52.50 $ 42.50 Contribution margin ratio 30 % 35 % 25 % Due to...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.20 for variable overhead. Fixed costs were $60,000 in manufacturing overhead and $40,300 in nonmanufacturing costs. a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Contribution Margin b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contribution Margin c. What is the contribution...
Problem 5-121 [LO 5-5) Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00 for direct $60,600 in manufacturing overhead and $40,200 in nonmanufacturing costs. materials, $3.00 for direct labor, and $3.10 for variable overhead. Fixed costs were a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) b. What is the unit contribution margin? (Round your answer to 2 decimal places.) c. What is the contribution margin ratio?...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit contribution margin...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were $3,570 and variable costs were $12 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Required 1 Required 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your contribution Margin Ratio to...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and sells 12.000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.80 $ 3.40 $ 1.70 $13.60 $ 2.40 $ 2.00 $ 0.50 $ 0.40 Required: a. For financial reporting purposes, what the total amount of product costs...
Balerio Corporation's relevant range of activity is 10,000 units to 14,000 units. When it produces and sells 12,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 6.80 $ 3.40 $ 1.70 $13.60 $ 2.40 $ 2.00 $ 0.50 $ 0.40 Required: a. For financial reporting purposes, what is the total amount of product...
IHG Company produces widgets. The widgets are sold for $2.00 per unit to wholesalers Unit variable cost are 60 % . For the year 2019, management estimates the following revenues and costs Selling expenses Selling expenses SGA expenses V SGA expenses- fix Sales Direct materials 70,000 75,000 30,000 1.100.000 530,000 460,000 Direct labor Manufacturing overhead- variable Manufacturing overhead -fixed 400,000 80,000 380,000 Instructions: (a) Compute the contribution margin ratio. (Round to the nearest full percent.) Compute the break-even point in...
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