Question

In: Accounting

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%

Solutions

Expert Solution

Case-1
Unit contribution margin:
Selling price 550
Less: VC per unit 231
Unit contribution margin: 319
Contribution margin %:
Unit contribution 319
Divide: Selling price 550
Contribution margin %: 58.00%
Case-2
Variable cost per unit:
Selling price per unit 450
Less: unit contribution 216
Variable cost per unit: 234
Contribution margin %:
Unit contribution 216
Divide: Selling price 450
Contribution margin %: 48.00%
Case-3
Selling price per unit
Unit contribution 360
Divide: Contribution margin % 20%
Selling price per unit 1,800
Variable cost per unit:
Selling price per unit 1800
Less: unit contribution 360
Variable cost per unit: 1440
Sellig price VC per unit Unit Contribution Contribution margin%
1 550 231 319 58%
2 450 234 216 48%
3 1800 1440 360 20%

Related Solutions

The following are the selling price, variable costs, and contribution margin for one unit of each...
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Company’s three products: A, B, and C: Product A B C   Selling price $ 140.00 $ 110.00 $ 130.00   Variable costs:     Direct materials 85.00 34.00 75.00     Direct labour 17.50 28.00 14.00     Variable manufacturing overhead 2.50 4.00 2.00   Total variable cost 105.00 66.00 91.00   Contribution margin $ 35.00 $ 44.00 $ 39.00   Contribution margin ratio 25 % 40 % 30 % Due to...
The following are the selling price, variable costs, and contribution margin for one unit of each...
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Company’s three products: A, B, and C: Product A B C   Selling price $ 70.00 $ 130.00 $ 180.00   Variable costs:     Direct materials 30.50 51.00 114.00     Direct labour 12.00 32.00 24.00     Variable manufacturing overhead 3.00 8.00 6.00   Total variable cost 45.50 91.00 144.00   Contribution margin $ 24.50 $ 39.00 $ 36.00   Contribution margin ratio 35 % 30 % 20 % Due to...
The following are the selling price, variable costs, and contribution margin for one unit of each...
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Company’s three products: A, B, and C: Product A B C   Selling price $ 130.00 $ 140.00 $ 140.00   Variable costs:     Direct materials 64.50 44.00 84.80     Direct labour 15.00 30.00 12.00     Variable manufacturing overhead 5.00 10.00 4.00   Total variable cost 84.50 84.00 100.80   Contribution margin $ 45.50 $ 56.00 $ 39.20   Contribution margin ratio 35 % 40 % 28 % Due to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 85,000 units and has fixed cost of $348,600. The variable cost per unit is $0.35. What price does Jefferson charge per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $127 and has fixed cost of $360,500. Next year, Sooner expects to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $349,700. The variable cost per unit is $0.15. What price does Jefferson charge per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $129 and has fixed cost of $421,000. Next year, Sooner expects to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 85,000 units and has fixed cost of $351,900. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $136 and has fixed cost of $391,500. Next year, Sooner expects to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 85,000 units and has fixed cost of $346,500. The variable cost per unit is $0.10. What price does Jefferson charge per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $98 and has fixed cost of $476,500. Next year, Sooner expects to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $346,800. The variable cost per unit is $0.10. What price does Jefferson charge per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $116 and has fixed cost of $395,500. Next year, Sooner expects to...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the...
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 85,000 units and has fixed cost of $349,900. The variable cost per unit is $0.20. What price does Jefferson charge per unit? Round to the nearest cent. $ 2. Sooner Industries charges a price of $93 and has fixed cost of $481,500. Next year, Sooner expects to sell...
Determine the missing amounts. (Round answers to 0 decimal places, e.g. 1,225.) Unit Selling Price Unit...
Determine the missing amounts. (Round answers to 0 decimal places, e.g. 1,225.) Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $510 $410 $ (a) % (b) 2. $380 $ (c) $140 % (d) 3. $   (e) $ (f) $420 40 %
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT