Homework Answers
Answers
| A | Per unit contribution margin | $63 |
| Break even point | 129000 | |
| B | Unit sales required | 144000 |
| C | Selling Price | $80 |
--Workings
| A | Sales revenue | $11,560,000 | |
| B | variable cost | $2,992,000 | |
| C = A - B | Contribution margin | $8,568,000 | |
| D = C/136000 units | Per unit contribution margin | $63 | Answer for 'A' |
| E | Fixed Costs | $8,127,000 | |
| F = E/D | Break even point | 129000 | Answer for 'A' |
| A | Target profits | $945,000 | |
| B | Fixed Costs | $8,127,000 | |
| C = A+B | Total contribution margin required | $9,072,000 | |
| D | Per unit contribution margin | $63 | |
| E = C/D | Unit sales required | 144000 | Answer for 'B' |
| A | Sales revenue | $11,560,000 | |
| B = A/136000 units | Sale price per unit | $85 | |
| C = B - $ 5 | Selling Price | $80 | Answer for 'C' |
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PLEASE ANSWER THE FOLLOWING QUESTIONS
1.
2.
3.
4.
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $149,040 990 units February 205,680 2,040 231,840 2,790 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit March $ b. Total fixed cost $ Contribution Margin Sally Company sells...
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