Homework Answers
Contribution margin ratio = (70-49)/70 = 30%
a) Break even point in dollars = Fixed cost / Contribution margin ratio
= 233100/0.30
Break even point in dollars = $777000
b) Margin of safety = Actual Sales - Break even sales
= 1036000-777000
Margin of safety = $259000
Margin of safety ratio = 259000/1036000 = 25%
c) Required sales in dollars = (233100+184500)/0.30 = $1392000
Add Answer to:
Question 3 Rossi Incorporated makes track suits that sell for coming year. 70 each. Actual sales...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $642,500. Management estimates...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $642,500. Management estimates that fixed costs will total $205,600 and variable costs will be $30 per unit this coming year. Calculate the break-even point in sales dollars using the contribution margin ratio. (Round contribution margin ratio to 4 decimal places, e.g. 15.2964% and final answer to 0 decimal places, e.g. 125.) Break-even point in dollars $ Calculate the margin of safety in dollars and the margin of...
Ivanhoe Company makes radios that sell for $40 each. For the coming year, management expects fixed...
Ivanhoe Company makes radios that sell for $40 each. For the
coming year, management expects fixed costs to total $153,360 and
variable costs to be $28 per unit.
Your answer is incorrect. Try again.
Compute the break-even point in dollars using the contribution
margin (CM) ratio.
Break-even point
$
LINK TO TEXT
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
$720,000. (Round margin of safety ratio to 2 decimal...
Concord Company makes radios that sell for $70 each. For the coming year, management expects fixed...
Concord Company makes radios that sell for $70 each. For the coming year, management expects fixed costs to total $210,000 and variable costs to be $35 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. (Round answer to 0 decimal places, e.g. 1,225.) Break-even point = Compute the margin of safety ratio assuming actual sales are $800,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.51.) Margin of safety Compute the sales dollars...
Sheffield Co., a manufacturer of rain barrels, had the following data for 2016. Sales 5,000 units...
Sheffield Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
5,000
units
Sales price
$130
per unit
Variable costs
$52
per unit
Fixed costs
$347,100
What is the contribution margin ratio? (Round
answer to 0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
What is the break-even point in dollars? (Round
intermediate calculation and final answers to 0 decimal places,
e.g. 5,275.)
Break-even point
$
LINK TO...
Problem 4-14 Culver Tennis Racquet Co. produces and sells three models: Units sold Sales Less variable...
Problem 4-14 Culver Tennis Racquet Co. produces and sells three models: Units sold Sales Less variable costs Contribution margin Less common fixed costs Profit Smasher 2,000 $160,300 73,800 $86,500 Basher 3,200 $168,100 69,600 $98,500 Dinker 3 ,200 $117,400 35,600 $81,800 Total 8,400 $445,800 179,000 266,800 141,900 $124,900 What is the weighted average contribution margin per unit? (Round answer to 2 decimal places, e.g. 15.25.) Weighted average contribution margins per unit LINK TO TEXT Calculate the break-even point in units assuming...
Grouper Company makes radios that sell for $60 each. For the coming year, management expects fixed...
Grouper Company makes radios that sell for $60 each. For the coming year, management expects fixed costs to total $220,000 and variable costs to be $27 per unit. X Your answer is incorrect. Compute the break-even point in dollars using the contribution margin (CM) ratio. (Round answer to 0 decimal places, e.g. 1,225.) Break-even point $ e Textbook and Media X Your answer is incorrect. Compute the margin of safety ratio assuming actual sales are $800,000. (Round margin of safety...
Presto Company makes radios that sell for $28 each. For the coming year, management expects fixed...
Presto Company makes radios that sell for $28 each. For the
coming year, management expects fixed costs to total $278,880 and
variable costs to be $16.80 per unit.
(a) Compute the break-even point in dollars using
the contribution margin (CM) ratio.
Break-even point
$
(b) Compute the margin of safety ratio assuming
actual sales are $944,715. (Round margin of safety
ratio to 2 decimal places, e.g. 10.50%.)
Margin of safety
%
(c) Compute the sales dollars required to earn net...
Please answer all :)) Do It! Review 5-5 Cullumber Company makes radios that sell for $30...
Please answer all :))
Do It! Review 5-5 Cullumber Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $181,770 and variable costs to be $21 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $830,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of...
Do It Review 18-05 Sun and Company makes radios that sell for $50 each. For the...
Do It Review 18-05 Sun and Company makes radios that sell for $50 each. For the coming year, management expects fixed costs to total $125,280 and variable costs to be 540 per unit Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $870,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50) Margin of safety Compute the sales dollars required...
Do It! Review 5-5 Crane Company makes radios that sell for $40 each. For the coming...
Do It! Review 5-5 Crane Company makes radios that sell for $40 each. For the coming year, management expects fixed costs to total $102,340 and variable costs to be $32 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point $ Compute the margin of safety ratio assuming actual sales are $700,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of safety % Compute the sales dollars required to earn...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $642,500. Management estimates that fixed costs will total $205,600 and variable costs will be $30 per unit this coming year. Calculate the break-even point in sales dollars using the contribution margin ratio. (Round contribution margin ratio to 4 decimal places, e.g. 15.2964% and final answer to 0 decimal places, e.g. 125.) Break-even point in dollars $ Calculate the margin of safety in dollars and the margin of...
Ivanhoe Company makes radios that sell for $40 each. For the
coming year, management expects fixed costs to total $153,360 and
variable costs to be $28 per unit.
Your answer is incorrect. Try again.
Compute the break-even point in dollars using the contribution
margin (CM) ratio.
Break-even point
$
LINK TO TEXT
LINK TO TEXT
Your answer is incorrect. Try again.
Compute the margin of safety ratio assuming actual sales are
$720,000. (Round margin of safety ratio to 2 decimal...
Sheffield Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
5,000
units
Sales price
$130
per unit
Variable costs
$52
per unit
Fixed costs
$347,100
What is the contribution margin ratio? (Round
answer to 0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
What is the break-even point in dollars? (Round
intermediate calculation and final answers to 0 decimal places,
e.g. 5,275.)
Break-even point
$
LINK TO...
Problem 4-14 Culver Tennis Racquet Co. produces and sells three models: Units sold Sales Less variable costs Contribution margin Less common fixed costs Profit Smasher 2,000 $160,300 73,800 $86,500 Basher 3,200 $168,100 69,600 $98,500 Dinker 3 ,200 $117,400 35,600 $81,800 Total 8,400 $445,800 179,000 266,800 141,900 $124,900 What is the weighted average contribution margin per unit? (Round answer to 2 decimal places, e.g. 15.25.) Weighted average contribution margins per unit LINK TO TEXT Calculate the break-even point in units assuming...
Grouper Company makes radios that sell for $60 each. For the coming year, management expects fixed costs to total $220,000 and variable costs to be $27 per unit. X Your answer is incorrect. Compute the break-even point in dollars using the contribution margin (CM) ratio. (Round answer to 0 decimal places, e.g. 1,225.) Break-even point $ e Textbook and Media X Your answer is incorrect. Compute the margin of safety ratio assuming actual sales are $800,000. (Round margin of safety...
Presto Company makes radios that sell for $28 each. For the
coming year, management expects fixed costs to total $278,880 and
variable costs to be $16.80 per unit.
(a) Compute the break-even point in dollars using
the contribution margin (CM) ratio.
Break-even point
$
(b) Compute the margin of safety ratio assuming
actual sales are $944,715. (Round margin of safety
ratio to 2 decimal places, e.g. 10.50%.)
Margin of safety
%
(c) Compute the sales dollars required to earn net...
Please answer all :))
Do It! Review 5-5 Cullumber Company makes radios that sell for $30 each. For the coming year, management expects fixed costs to total $181,770 and variable costs to be $21 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $830,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of...
Do It Review 18-05 Sun and Company makes radios that sell for $50 each. For the coming year, management expects fixed costs to total $125,280 and variable costs to be 540 per unit Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point LINK TO TEXT Compute the margin of safety ratio assuming actual sales are $870,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50) Margin of safety Compute the sales dollars required...
Do It! Review 5-5 Crane Company makes radios that sell for $40 each. For the coming year, management expects fixed costs to total $102,340 and variable costs to be $32 per unit. Compute the break-even point in dollars using the contribution margin (CM) ratio. Break-even point $ Compute the margin of safety ratio assuming actual sales are $700,000. (Round margin of safety ratio to 2 decimal places, e.g. 10.50.) Margin of safety % Compute the sales dollars required to earn...
Most questions answered within 3 hours.
-
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 33 minutes ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 1 hour ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 2 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 3 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 5 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 5 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 5 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 5 hours ago -
The 2800-turn coil in a dc motor has an area per turn of 1.1 ×
10-2...
asked 5 hours ago -
Draw a combinational logic circuit diagram with a symbol inside
the box for two I/P of...
asked 5 hours ago -
The cliché we use quite a lot in finance is: there is a need to
maximize...
asked 5 hours ago -
In class we discussed the addition of HCl to alpha pinene. Would
you expect one or...
asked 5 hours ago