Answer the following questions with the associated solutions If sales is $13,000 and variable costs is $7,000, what is the contribution margin (2 points) 13,000 7,000 $6,000 Answer the questions by looking at the worksheet below Break Even Analysis Worksheet Store Sallies Accessories Location 129 Fashion Way, Skokie, Illinois Product Line Jewelry Period Six months beginning June 2008 Item Unit Price (P) Variable Costs per Unit (V) Fixed Costs (F) Units to Break Even Watches $49 99 $23 25 $2,000 75 Necklaces $79 95 $29 50 $2,000 40 Rings $10 $40 00 $2,000 40 Bracelets $19 95 $4 50 $2,000 130 Earrings $41 50 $12 00 $2,000 68 What are the total fixed costs assigned to the jewelry department for the six month period (2 points) $10,000 What is the break even point for necklaces, bracelets, watches, and earrings (4 points) Necklaces 39 64 40 units Bracelets 129 45 130 units Watches 74 78 75 units Earrings 67 8 68 units What would happen to the break even point if Sallie raised the price of the bracelets by 0 50 cents and reduced it by 0 50 cents (2 points) Raised by $0 50 126 39 127 units Reduced by $0 50 133 78 134 units How much does a ring cost at Sallies (2 points) 2000 x 40 x 50 50 40 $10 per ring Windy River sells each Sunset Bracelet for $13 The unit variable cost for the bracelet is $7 65 The amount of monthly fixed costs that sales of the Sunset Bracelet are expected to contribute is $280 How many units of the Sunset Bracelet must Windy River sell to break even If Windy River sells 100 units after the Break Even Point, what is their profit and their revenue (6 points) Price per unit 13 Variable cost 7 65 Contribution margin 5 35 280 5 35 52 34 53 break even units Sold 153 units Sales $1,989 Variable cost $(1,170 45) Contribution margin $818 55 Fixed cost $(280) Sales revenue $538 55 Dani sells mirrors at weekend craft shows for $75 each She makes the mirror frames out of colored pieces of glass and ceramic tile The mirrors are very popular, and Dani has more orders than she can fill Help Dani figure out how many mirrors she has to sell to break even Dani estimates that her variable costs are $25 per mirror and her fixed costs are $1,000 (2 points) 75 25 50 1000 50 20 Dani has to sell 20 mirrors to break even can someone to check my work and tell me if these are correct

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Answer the following questions with the associated solutions. If sales is $13,000 and variable costs is $7,000, what is the contribution margin? (2 points) 13,000-7,000=$6,000

Answer the following questions with the associated solutions.

If sales is $13,000 and variable costs is $7,000, what is the contribution margin? (2 points)

13,000-7,000=$6,000

Answer the questions by looking at the worksheet below.

Break-Even Analysis Worksheet

Store: Sallies Accessories

Location: 129 Fashion Way, Skokie, Illinois

Product Line: Jewelry

Period: Six months beginning June 2008

Item	Unit Price (P)	Variable Costs per Unit (V)	Fixed Costs (F)	Units to Break Even
Watches	$49.99	$23.25	$2,000	75
Necklaces	$79.95	$29.50	$2,000	40
Rings	$10	$40.00	$2,000	40
Bracelets	$19.95	$4.50	$2,000	130
Earrings	$41.50	$12.00	$2,000	68

What are the total fixed costs assigned to the jewelry department for the six-month period? (2 points)
1. $10,000
What is the break-even point for necklaces, bracelets, watches, and earrings? (4 points)
1. Necklaces 39.64=40 units
2. Bracelets 129.45= 130 units
3. Watches 74.78 = 75 units
4. Earrings 67.8 = 68 units
What would happen to the break-even point if Sallie raised the price of the bracelets by 0.50 cents and reduced it by 0.50 cents? (2 points)
1. Raised by $0.50 126.39 = 127 units
2. Reduced by $0.50 133.78 = 134 units
How much does a ring cost at Sallies? (2 points)
1. 2000/x=40 x=50 50-40=$10 per ring

Windy River sells each Sunset Bracelet for $13. The unit variable cost for the bracelet is $7.65. The amount of monthly fixed costs that sales of the Sunset Bracelet are expected to contribute is $280. How many units of the Sunset Bracelet must Windy River sell to break even? If Windy River sells 100 units after the Break Even Point, what is their profit and their revenue? (6 points)

Price per unit	13
Variable cost	7.65
Contribution margin	5.35

280/5.35=52.34= 53 break even units

Sold 153 units

Sales	$1,989
Variable cost	$(1,170.45)
Contribution margin	$818.55
Fixed cost	$(280)
Sales revenue	$538.55

Dani sells mirrors at weekend craft shows for $75 each. She makes the mirror frames out of colored pieces of glass and ceramic tile. The mirrors are very popular, and Dani has more orders than she can fill.

Help Dani figure out how many mirrors she has to sell to break even. Dani estimates that her variable costs are $25 per mirror and her fixed costs are $1,000. (2 points)

75-25=50

1000/50=20

Dani has to sell 20 mirrors to break even

can someone to check my work and tell me if these are correct