Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CVP Analysis Use the following to answer the questions below X Company had the following information available for 2021: Selling price per unit Variable cost

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
CVP Analysis Use the following to answer the questions below X Company had the following information available for 2021: Selling price per unit Variable cost per unit Total fixed costs $380 $266 $228.000 Based on the above, and assuming that actual units sold is 2,100 units, the Margin of Safety in dollars is: * $798,000 $471,960 $38,000 None of the above Based on the above, assuming that actual units sold is 2,500 units. If the company wishes to increase its total dollar contribution margin by 15% in the next year, by how much will it increase its sales if all other factors remain constant?* $1,092,500 $475,000 $142,500 O None of the above Based on the above, the total sales necessary to break even are: * $326,040 $760,000 $325,714 None of the above Based on the above, how many units should the company sell to earn net income of $34,200?* 2,300 units 1,000 units 300 units O None of the above Based on the above, the unit contribution margin is: * $266 $646 $114 None of the above Based on the above, the contribution margin ratio is: * 30% 42% 70% None of the above

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

Step: 3

blur-text-image

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

Investments Unlimited A Novel About DevOps Security Audit Compliance And Thriving In The Digital Age

Authors: Helen Beal, Bill Bensing, Jason Cox, Michael Edenzon, John Willis

1st Edition

1950508536, 978-1950508532

More Books

Students also viewed these Accounting questions

Question

2. Develop a persuasive topic and thesis

Answered: 1 week ago

Question

1. Define the goals of persuasive speaking

Answered: 1 week ago