Homework Answers
Contribution Margin per unit = Sales revenue per unit - Variable cost per unit
= $36 - $24 = $12
Break Even in units = Fixed advertising cost/Contribution Margin per unit
= $60000/$12 = 5000 units
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12 13 10 11 8 5 6 3 17 18 16 15 14 19 Fill in the blanks. Determine the contribution margin per unit based on the f...
14 15 16 17 18 Fill in the blanks. Use the following data to determine the contribution margin ratio. The apply thi...
14 15 16 17 18 Fill in the blanks. Use the following data to determine the contribution margin ratio. The apply this ratio to determine break even point in sales dollars: Sales revenue per unit $20 Variable cost per unit $12. Contribution margin per unit Contribution margin ratio % Fixed Costs 524,000 Break even point in sales dollars Edmonds, Edmonds, Tsay and Olds (2006). Fundamental Managerial Accounting Concepts, 3e. McGraw Hill, Irwin. New York, NY. Previous | Skip | Save...
8 9 3 2 5 6 7 10 11 12 13 Total Q 15 14 16...
8 9 3 2 5 6 7 10 11 12 13 Total Q 15 14 16 17 18 19 Answer Unanswe Fill in the blanks. Time Calculate the contribution margin ratio, and apply this to determine sales dollars required to achieve a target profit of $12,500: 00 Hours Sales revenue per unit $50 Varlable cost per unit S25 PAUSE QUD Contribution margin per unit Contribution margin ratio % Total fixed costs $10,000 Break even in sales dollars c Previous Skip...
14 15 16 17 18 19 Answered Unanswere Fill in the blanks. Time Based on the...
14 15 16 17 18 19 Answered Unanswere Fill in the blanks. Time Based on the following information, prepare a contribution margin income statement assuming the company uses variable costing. 00 50.000 units 540 per unit Annual production Sales price Variable production cost per unit Direct material Direct labor Manufacturing overhead Fored production costs PAUSE QUIZ 510 3 $25 per unit $150.000 each year: $3 per unitat 50,000 units of apter 5 PowerPoint $1 per unit Variable selling and administrative...
12 Total 14 15 16 17 18 Answ Unans Fill in the blanks. Time Complete the following to reveal the effect of fixed an...
12 Total 14 15 16 17 18 Answ Unans Fill in the blanks. Time Complete the following to reveal the effect of fixed and variable cost behaviors on profitability based on volume: ОС Hour Number of Units Number of Units Sold Sold 5,400 5,600 PAUSE Sales Revenue (536 per unit) 129,600 134,400 Total Variable Expenses ($24 per unit) Total Contribution Margin (512 per unit) Fixed expenses 60,000 60,000 Net Income Previous | skip | Save & Next > 6 AM...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and f...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
6 MILESTONE 2 (Due in Module 4) MILESTONE 3 (Due in Module 5) MILESTONE 1 (Due in Module 2) 7 9 Instructions Milestone 2 10 12 1. Contribution Margin COGM Schedule .5 Name Choose a price range and ca...
6 MILESTONE 2 (Due in Module 4) MILESTONE 3 (Due in Module 5) MILESTONE 1 (Due in Module 2) 7 9 Instructions Milestone 2 10 12 1. Contribution Margin COGM Schedule .5 Name Choose a price range and calculate Grooming Create a Cost of Goods Manufactured Sched Location Vision Day Care Mission Bcarding 2. 2. 2. Break-Even Analysis Identify the following Create an Income Statement Calculate the break-even units Revenue will be provided end of week 4 Direct Materials Grooming...
14 15 16 17 18 Fill in the blanks. Use the following data to determine the contribution margin ratio. The apply this ratio to determine break even point in sales dollars: Sales revenue per unit $20 Variable cost per unit $12. Contribution margin per unit Contribution margin ratio % Fixed Costs 524,000 Break even point in sales dollars Edmonds, Edmonds, Tsay and Olds (2006). Fundamental Managerial Accounting Concepts, 3e. McGraw Hill, Irwin. New York, NY. Previous | Skip | Save...
8 9 3 2 5 6 7 10 11 12 13 Total Q 15 14 16 17 18 19 Answer Unanswe Fill in the blanks. Time Calculate the contribution margin ratio, and apply this to determine sales dollars required to achieve a target profit of $12,500: 00 Hours Sales revenue per unit $50 Varlable cost per unit S25 PAUSE QUD Contribution margin per unit Contribution margin ratio % Total fixed costs $10,000 Break even in sales dollars c Previous Skip...
14 15 16 17 18 19 Answered Unanswere Fill in the blanks. Time Based on the following information, prepare a contribution margin income statement assuming the company uses variable costing. 00 50.000 units 540 per unit Annual production Sales price Variable production cost per unit Direct material Direct labor Manufacturing overhead Fored production costs PAUSE QUIZ 510 3 $25 per unit $150.000 each year: $3 per unitat 50,000 units of apter 5 PowerPoint $1 per unit Variable selling and administrative...
12 Total 14 15 16 17 18 Answ Unans Fill in the blanks. Time Complete the following to reveal the effect of fixed and variable cost behaviors on profitability based on volume: ОС Hour Number of Units Number of Units Sold Sold 5,400 5,600 PAUSE Sales Revenue (536 per unit) 129,600 134,400 Total Variable Expenses ($24 per unit) Total Contribution Margin (512 per unit) Fixed expenses 60,000 60,000 Net Income Previous | skip | Save & Next > 6 AM...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
6 MILESTONE 2 (Due in Module 4) MILESTONE 3 (Due in Module 5) MILESTONE 1 (Due in Module 2) 7 9 Instructions Milestone 2 10 12 1. Contribution Margin COGM Schedule .5 Name Choose a price range and calculate Grooming Create a Cost of Goods Manufactured Sched Location Vision Day Care Mission Bcarding 2. 2. 2. Break-Even Analysis Identify the following Create an Income Statement Calculate the break-even units Revenue will be provided end of week 4 Direct Materials Grooming...
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