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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. Round your answers for per
Contribution Margin, Unit Amounts, Break-Even Units
Information on four independent companies follows. Calculate the correct amount for each answer blank. Round your answers for per unit amounts to the nearest cent. When required, round the the contribution margin to two decimal places before converting to a percentage. For example, 0.883 would be rounded to 0.88 and entered as 88%. Round break-even units to the nearest whole number. 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 costs | $ | $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 | units |
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