Question
In: Accounting
Compute the missing amounts for the following table. A Sales price per unit $1,800 Variable costs...
Compute the missing amounts for the following table.
|
A |
|
|
Sales price per unit |
$1,800 |
|
Variable costs per unit |
720 |
|
Total fixed costs |
669,600 |
|
Target profit |
1,188,000 |
|
Calculate: |
|
|
Contribution margin per unit |
|
|
Contribution margin ratio |
|
|
Required units to break even |
|
|
Required sales dollars to break even |
|
|
Required units to achieve target profit |
|
B |
|
$10 |
|
6 |
|
60,000 |
|
75,000 |
|
C |
|
$5,000 |
|
3,750 |
|
1,187,500 |
|
1,875,000 |
(Click the icon to view the table.)
Compute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.)
|
A |
||
|
Sale price per unit |
$1,800 |
|
|
Variable costs per unit |
720 |
|
|
Total fixed costs |
669,600 |
|
|
Target profit |
1,188,000 |
|
|
Calculate: |
||
|
Contribution margin per unit |
||
|
Contribution margin ratio |
% |
|
|
Required units to break even |
||
|
Required sales dollars to break even |
||
|
Required units to achieve target profit |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Sales price per unit for product X is $90. The variable costs per unit and total...
Sales price per unit for product X is $90. The variable costs
per unit and total fixed costs are as follows:
Variable
costs per unit:
Fixed
costs:
Machining
$25
Depreciation
$ 40,000
Packaging
15
Maintenance
31,000
Total
variable $40
Cleaning
9,000
Real estate
tax
5,000
Total
fixed $85,000
Using Contribution Margin technique, calculate Sales Revenue
and Sales Units at Break-Even point.
(b) If the current level of sales is 2,300 units, by
what percentage can sales decrease before the...
A project has a projected sales price of $99 a unit, variable costs per unit of...
A project has a projected sales price of $99 a unit, variable
costs per unit of $58, annual fixed costs of $238,000, and annual
depreciation of $139,000. The tax rate is 22 percent. What is the
contribution margin for an analysis using sales units of 12,800?
Multiple Choice $27.06 $38.97 $22.41 $41.00 $42.64
Sales price $2.00 per unit Variable costs $0.80 per unit Fixed costs $400,000.00 per month 1....
Sales price $2.00 per unit Variable costs $0.80 per unit Fixed
costs $400,000.00 per month 1. a. What number must Balance sell to
break even? 2. b. What do the sales have to be to make an operating
profit of $100,000.00? 3. c. Balance has just learned that the
variable costs will increase to $1.05, but the fixed costs can be
reduced to $380,000.00. What will the new selling price needed to
be to maintain the target volume in sales...
Sales price P15 per unit Variable costs: SG&A P2 per unit Production P4 per unit Fixed...
Sales price P15 per unit
Variable costs:
SG&A P2 per unit
Production P4 per unit
Fixed costs (total cost incurred for the
year):
SG&A P14,000
Production P20,000
During the first year, Sherrill Corporation manufactured 5,000
units and sold 3,800. There was no beginning or ending
work-in-process inventory.
1. How much income before income taxes would be reported if
Stanley uses absorption costing?
2. How much income before income taxes would be reported if
variable costing was used?
3. Show why...
Sells price per unit=$200 variable manufacturing costs per unit= $50 variable S&A costs per unit= $10...
Sells price per unit=$200
variable manufacturing costs per unit= $50
variable S&A costs per unit= $10
Fixed MOH= $50,000
Fixed S&A costs=$10,000
Units produced=5000
Units sold= 4000
Produce a full absorption income statement, what is the
operating income
produce a variable costing income statement, what is the
operating income
if units produced exceeds untis sold, does full absorption
accounting or varible cost account result in a higher operating
income
Determine the missing amounts. Unit Selling Price Unit Variable Cost Unit Contribution Margin Contribution Margin 1....
Determine the missing amounts.
Unit Selling Price Unit Variable Cost Unit Contribution
Margin Contribution Margin
1. $550 $231 $ %
2. $450 $ $216 %
3. $ $ $360 20%
Given Sales in units 10,000 Variable manufacturing costs per unit 5 Variable administrative costs per unit...
Given
Sales in units
10,000
Variable manufacturing costs per unit
5
Variable administrative costs per unit
2
Fixed manufacturing costs per unit
2
Fixed administrative costs per unit
1
Variable costs
75%
of sales
Selling price per unit?
$2.22
$9.33
$17.50
$20
Given for XM Company the following data for January 20X1.
Direct material purchased and used in production accounted for
$
50000
Units purchased
5000
The standard units
4200
Managers estimate price variance not to exceed +1% of the...
Given the following information: Selling Price (per unit): $10,000 Variable Costs (per unit): $7,000 Fixed Costs:...
Given the following information:
Selling Price (per unit): $10,000
Variable Costs (per unit): $7,000
Fixed Costs: $200,000
Required
Each of these are separate situations:
What is the break-even point in total sales in
dollars?
How many units need to be sold to make a profit of
$20,000?
How many units need to be sold to make a profit of
$20,000 if fixed costs increase from $200,000 to
$250,000?
How many units would they need to sell if they wanted
to...
Given the following information: Selling Price (per unit): $10,000 Variable Costs (per unit): $7,000 Fixed Costs:...
Given the following information:
Selling Price (per unit): $10,000
Variable Costs (per unit): $7,000
Fixed Costs: $200,000
Required
Each of these are separate situations:
What is the break-even point in total sales in
dollars?
How many units need to be sold to make a profit of
$20,000?
How many units need to be sold to make a profit of
$20,000 if fixed costs increase from $200,000 to
$250,000?
How many units would they need to sell if they wanted
to...
If the unit sales price is $12, the unit variable cost is $7.00 and fixed costs...
If the unit sales price is $12, the
unit variable cost is $7.00 and fixed costs are $125,000; what is
the,
break-even quantity in # of units?
___________________________________
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