Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculator eBook Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required.
Calculator eBook Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 125,000 units and has fixed cost of $354,90o. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $113 and has fixed cost of $364,500. Next year, Sooner expects to sell 18,200 units and make operating income of $189,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Variable cost per unit Contribution margin ratio % 3. Last year, Jasper Company eamed operating income of $13,740 with a contribution margin ratio of 0.15. Actual revenue was $229,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.45. The fixed cost is $175,450 and 29,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note Do NOT round interim computations. Round answers to the nearest cent Price Vanable cost per unit Contribution margin per unit Chedk My Work Previous Next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started