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Answer 1-5, charts provided for each problem. PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 61,62] Hawk Homes, Incorporated makes
Answer 1-5, charts provided for each problem.
PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 61,62] Hawk Homes, Incorporated makes one type of birdhouse that it sells for $3150 each. Its variable cost is $14,60 per house, and its fixed costs total $14,635.40 per year. Hawk currently has the capacity to produce up to 2.000 birchouses per year, so its relevant range is 0 to 2,000 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birchouses this year 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of profit: Complete this question by entering your answers in the tabs below. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. Note: Do not round your intermediate calculations. Enter your answers rounded to 2 decimal places. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. Note: Do not round your intermediate calculations. Enter your answers rounded to 2 decimal places. 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue, 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of pro Complete this question by entering your answers in the tabs below. Without any calculations, determine Hawk's total contribution margin if the company breaks even. Note: Do not round your intermediate calculations. Enter your answer rounded to 2 decimal places. 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue, 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of pro Complete this question by entering your answers in the tabs below. Without any calculations, determine Hawk's total contribution margin if the company breaks even. Note: Do not round your intermediate calculations. Enter your answer rounded to 2 decimal places. 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of pro Complete this question by entering your answers in the tabs below. Calculate Hawk's break-even point in number of units and in sales revenue, Note: Do not round your Intermediate calculations. Round your "Sales Revenue" answer to 2 decimal places and "unit" answef to the nearest whole number: Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of pri Complete this question by entering your answers in the tabs below. Suppose Hawk wants to earn $22,000 this year. Dotermine how many birdhouses it must sell to generate this amount of profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number.) Step by Step Solution
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