Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.. Wildhorse Company makes electronics. Its sales for 2022 are $1,485,000. Fixed costs are $457,300 and variable costs are $891,000. It sold 2,700 units in

image text in transcribed

1..

Wildhorse Company makes electronics. Its sales for 2022 are $1,485,000. Fixed costs are $457,300 and variable costs are $891,000. It sold 2,700 units in the year. Calculate the contribution margin per unit and the contribution margin ratio. (Round contribution margin per unit to 2 decimal places, es. 15.20 and contribution margin ratio to 4 decimal places, e.g. 1.4254\%.) Question Part Score Assuming a consistent contribution margin and contribution margin ratio, if its desired operating income is $123,500, what would the company need to sell in units and in dollars to achieve this goal? (Round answers to 0 decimal places, e.g. 125.)

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_2

Step: 3

blur-text-image_3

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

Cost Accounting Concepts And Applications For Managerial Decision Making

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

2nd Edition

0070103100, 978-0070103108

More Books

Students also viewed these Accounting questions

Question

1. Assign study buddies who can be available over the phone.

Answered: 1 week ago