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Contribution Margin, Unit Amounts, Break-Even Units Information on four independent companies follows. Calculate the correct amount for each answer blank. Unless otherwise instructed, round all
Contribution Margin, Unit Amounts, Break-Even Units
Information on four independent companies follows. Calculate the correct amount for each answer blank.
Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to two decimal places then enter as a percentage. Use the minus sign to indicate an operating loss.
Laertes Ophelia Fortinbras Claudius Sales $15,000 $ $10,600 Total variable cost $5,000 $11,700 $9,750 Total contribution margin $10,000 $3,900 Total fixed cost $4,000 $ $4,452 Operating income (loss) $500 $ $364 $848 Units sold units 1,300 units 125 units 1,000 units Price per unit $5.00 $130.00 $ Variable cost per unit $9.00 $ Contribution margin per unit $ $3.00 $ Contribution margin ratio % % 40% % Break-even units units units units unitsStep by Step Solution
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