Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 3-2 Scott Confectionery sells its Stack-o-Choc candy bar for $0.50. The variable cost per unit for the candy bar is $0.28; total fixed costs

image text in transcribed

Exercise 3-2 Scott Confectionery sells its Stack-o-Choc candy bar for $0.50. The variable cost per unit for the candy bar is $0.28; total fixed costs are $173,000 Your answer is correct. What is the contribution margin per unit for the Stack-o-Choc candy bar? (Round per unit answer to 2 decimal places, e.g. 52.75.) .22 The contribution margin per unit LINK TO TEXT LINK TO VIDEO VIDEO: SIMILAR EXERCISE Your answer is correct. what is the contribution margin ratio for the Stack-o-Choc candy bar? (Round ratio to 2 percentage places, eg, 0.38-38%.) 44.0 The contribution margin ratio LINK TO TEXT LINK TO VIDEO VIDEO: SIMILAR EXERCISE Your answer is correct. What is the breakeven point in units? In sales dollars? (Round answers to 0 decimal places, e.g. 5,275. Use your answer of breakeven units to calculate the breakeven point in dollars.) 786364 bars The breakeven point 393181.82 The breakeven sales LINK TO TEXT LINK TO VIDEO VIDEO SIMILAR EXERCISE Your answer is incorrect. Try again An increase in chocolate prices causes the variable cost per unit to increase to $0.38. Calculate the breakeven point in units? (Round answer to 0 decimal places, e.g. 5,275.) 786364 Breakeven point in units bars Using the above breakeven point in units, calculate breakeven sales in dollars. (Round answer to 0 decimal places, e.g. 5,275.) 393 Breakeven sales in dollars

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

External Quality Audit Has It Improved Quality Assurance In Universities

Authors: Mahsood Shah, Chenicheri Sid Nair

1st Edition

1843346761, 978-1843346760

More Books

Students also viewed these Accounting questions

Question

d. What language(s) did they speak?

Answered: 1 week ago