Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Felix & Co. reports the following information about its units produced and total costs Units Produced Period 16.66 point Period 1 2 3 4

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
1 Felix & Co. reports the following information about its units produced and total costs Units Produced Period 16.66 point Period 1 2 3 4 5 Total Costs $2,640 3,240 3,840 Units Produced 2,140 2,500 Total Costs 35,640 540 940 1,340 1,740 2, 3.34 3. 9 10 6,24e 6,40 7.4de 8,998 5,640 Book Estimate total costs if 3.140 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. Hint High-Low method - Calculation of variable cost per unit Print 0 . References Tigh-Low method Caloutation of fixed costs Total cost of the high point Variable costs at the high point Volume at the high point Variable cost per unit Total variable costs at the Nigh point Total food costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total Fored costs Estimated total cost 2 Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $112 per unit. The company's annual fixed costs are $734,400 16.66 points (a) Compute the company's contribution margin per unit. eBook Contribution margin (b) Compute the company's contribution margin ratio. Choose Numerator Choose Denominator Contribution Margin Ratio Contribution margin ratio 0 Print (c) Compute the company's break-even point in units Choose Numerator Choose Denominator Break Even Units Break-even units 0 (dh Compute the company's break even point in dollars of sales. Choose Numerator Choose Denominator Break Even Dollars Break-even dollars o 3 Blanchard Company manufactures a single product that sells for $184 per unit and whose total variable costs are $138 per unit. The company's annual fixed costs are $699,200 16.66 pois (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point (2) Assume the company's fixed costs increase by $137.000. What amount of sales in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. BOOK Required 1 Required 2 Mit Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and forced costs at the break-even point. Print BLANCHARD COMPANY Contribution Margin Income Statement at Break Even) Amount Percentage of sales Perences Red Required 2 > 3 Blanchard Company manufactures a single product that sells for $184 per unit and whose total variable costs are $138 per unit. The company's annual fixed costs are $699 200 16.66 points (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point 2) Assume the company's fixed costs increase by $137,000. What amount of sales in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. 6800 Required 1 Required 2 HE Assume the company's foved costs increase by $137,000. What amount of sales (in dollars) is needed to break even? Print Choose Numerator Break Even Pointin Dollars Choose Denominator References Break Even Pointin Dollars Break-even point in dollars

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Accounting A Measurement Approach For Managers

Authors: Daniel P. Tinkelman

1st Edition

9781138956216

More Books

Students also viewed these Accounting questions