Homework Answers
Answer to Requirement A:
Selling Price per case = $30
Variable Cost per case = $26
Fixed Costs = $2,480
Contribution Margin per case = Selling Price per case - Variable
Cost per case
Contribution Margin per case = $30 - $26
Contribution Margin per case = $4
Breakeven Point in cases = Fixed Costs / Contribution Margin per
case
Breakeven Point in cases = $2,480 / $4
Breakeven Point in cases = 620
Answer to Requirement B:
Margin of Safety in cases = Actual Cases Sold - Breakeven Point
in cases
Margin of Safety in cases = 700 - 620
Margin of Safety in cases = 80
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Casey's Cases sells cell phone cases in a mall kiosk Casey charges $30 per case. The...
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An organization providing cell phone cases with their logo on it can give away 160 cases...
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SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800,...
SBD Phone Company sells its waterproof phone case for $85 per
unit. Fixed costs total $193,800, and variable costs are $34 per
unit.
SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Sales | $ 85 per unit Less: Variable costs 34 per unit Contribution margin $ 51 per unit (2) Determine the break-even point in units. Choose Numerator:...
Exercise 3-36 (Algo) CVP and Margin of Safety (LO 3-1, 2) Bristol Car Service offers airport...
Exercise 3-36 (Algo) CVP and Margin of Safety (LO 3-1, 2) Bristol Car Service offers airport service in a mid-size city. Bristol charges $38 per trip to or from the airport. The variable cost for a trip totals $36, for fuel, driver, and so on. The monthly fixed cost for Bristol Rainbow Tours is $620. Required: a. How many trips must Bristol sell every month to break even? b. Bristol's owner believes that 325 trips is a reasonable forecast of...
SBD Phone Company sells its waterproof phone case for $96 per unit. Fixed costs total $177,000,...
SBD Phone Company sells its waterproof phone case for $96 per unit. Fixed costs total $177,000, and variable costs are $48 per unit. (1) Determine the contribution margin ratio. Contribution margin Contribution margin ratio Choose Numerator: Choose Denominator: - Contribution margin ratio Contribution margin ratio (2) Determine the break-even point in dollars. Choose Numerator: Choose Denominator Break Even Point in Dollars Break-even point in dollars Zhao Co. has fixed costs of $275,600. Its single product sells for $161 per unit,...
20 Points Each. Hand draw answers and upload. Consider a city that has cell phone case...
20 Points Each. Hand draw answers and upload. Consider a city that has cell phone case stands operating throughout the midtown area. Suppose each vendor has a marginal cost of $5.00 per case and no fixed cost. Suppose the maximum number of cell phone cases that any one vendor can sell is 70 per day. 1. If the price of a cell phone case is $15.00, how many cases does each vendor want to sell? B. If the industry is...
Bristol Car Service offers airport service in a mid-size city. Bristol charges $32 per trip to or from the airport. The variable cost for a trip totals $26, for fuel, driver, and so on. The monthly fixed cost for Bristol Rainbow Tours is $1,140. Required: a. How many trips must Bristol sell every month to break even? b. Bristol's owner believes that 200 trips is a reasonable forecast of the average monthly demand. What is the margin of safety in...
Bristol Car Service offers airport service in a mid-size city. Bristol charges $50 per trip to or from the airport. The variable cost for a trip totals $20, for fuel, driver, and so on. The monthly fixed cost for Bristol Rainbow Tours is $4,800. Required: a. How many trips must Bristol sell every month to break even? b. Bristol's owner believes that 182 trips is a reasonable forecast of the average monthly demand. What is the margin of safety in...
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SBD Phone Company sells its waterproof phone case for $85 per
unit. Fixed costs total $193,800, and variable costs are $34 per
unit.
SBD Phone Company sells its waterproof phone case for $85 per unit. Fixed costs total $193,800, and variable costs are $34 per unit. (1) Determine the contribution margin per unit. Sales | $ 85 per unit Less: Variable costs 34 per unit Contribution margin $ 51 per unit (2) Determine the break-even point in units. Choose Numerator:...
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SBD Phone Company sells its waterproof phone case for $96 per unit. Fixed costs total $177,000, and variable costs are $48 per unit. (1) Determine the contribution margin ratio. Contribution margin Contribution margin ratio Choose Numerator: Choose Denominator: - Contribution margin ratio Contribution margin ratio (2) Determine the break-even point in dollars. Choose Numerator: Choose Denominator Break Even Point in Dollars Break-even point in dollars Zhao Co. has fixed costs of $275,600. Its single product sells for $161 per unit,...
20 Points Each. Hand draw answers and upload. Consider a city that has cell phone case stands operating throughout the midtown area. Suppose each vendor has a marginal cost of $5.00 per case and no fixed cost. Suppose the maximum number of cell phone cases that any one vendor can sell is 70 per day. 1. If the price of a cell phone case is $15.00, how many cases does each vendor want to sell? B. If the industry is...
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