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For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company selis 125,000 units and has foxed
For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company selis 125,000 units and has foxed cost of $349,500. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note; Round to the nearest cent. s 2. Sooner Industries charges a price of $130 and has fixed cost of $373,000. Next year, Sooner expects to sell 15,800 units and make operating incorne of $167,000. 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. Ente the contribution margin ratio as a percentage, rounded to two decimal places. 3. Last year, Jasper Company earned operating income of $14,640 with a contribution margin ratio of 0.15 . Actual revenue was $244,000. Calculate the tote 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 $139,150 and 23,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note : Do Nor round interim computations. Round answers to the nearest cent
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