Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bruce Co. had sales per unit of $10 and variable costs per unit of $6. Its fixed costs total $500. Calculate the following: Contribution margin

image text in transcribed
image text in transcribed
Bruce Co. had sales per unit of $10 and variable costs per unit of $6. Its fixed costs total $500. Calculate the following: Contribution margin per unit Contribution margin ratio Break-even point in units Break-even point in sales If Bruce Co. wants a target net income (TNI) of $1000, calculate: Sales required for TNI (in $) Pat Co. had sales per unit of $56 and variable costs per unit of $42. Its fixed costs total $7000 and current sales total $35000. Calculate the following: Contribution margin per unit Contribution margin ratio Break-even point in units LOOOO Break-even point in sales Margin of Safety If Pat Co. wants a target net income (TNI) of $8400, calculate: Sales required for TNI (in $) Keegan Co. had sales per unit of $10 and variable costs per unit of $8. Its fixed costs total $4000 and current sales total $24000. Calculate the following: Contribution margin per unit X Contribution margin ratio Break-even point in units X Break-even point in sales Margin of Safety If Keegan Co. wants a target net income (TNI) of $12000, calculate: Sales required for TNI (in $)

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

College Accounting Chapters 1-29

Authors: John J. Wild, Vernon J. Richardson, Ken W. Shaw

2nd Edition

0077398173, 978-0077398170

More Books

Students also viewed these Accounting questions

Question

What is the education level of your target public?

Answered: 1 week ago

Question

What advertising media and promotional tactics will you use?

Answered: 1 week ago