Question
For each of the six independent situations that follow, compute the missing amounts. A.. Using Contribution Margin per unit: B. Using the contribution margin ratio:
For each of the six independent situations that follow, compute the missing amounts.
A.. Using Contribution Margin per unit:
B. Using the contribution margin ratio:
A. Using the Contribution Margin per Unit
- Sales: ? Variable Costs: $120,000 Contribution Margin per Unit: 20 Fixed Costs:? Operating Income: $25,000 Units Sold: 4000
- Sales: 180,000 Variable Costs: ? Contribution Margin Per Unit: ? Fixed Costs: 45,000 Operating Income: 30,000 Units Sold: 5000
- Sales: 600,000 Variable Costs: ? Contribution Margin Per Unit: 30 Fixed Costs: 150,000 Operating Income 90,000 Units Sold: ?
B. Using the Contribution Margin Ratio:
- Sales: 900,000 Variable Cost: 720,000 Contribution Margin ratio: ? Fixed Costs: ?Operating Income: 95,000
- Sales: 600,000 Variable Cost: ?Contribution Margin ratio: 40% Fixed Costs: ? Operating Income: 75,000
- Sales: ? Variable Cost: ? Contribution Margin ratio: 30% Fixed Costs: 90,000 Operating Income: 60,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial And Managerial Accounting
Authors: Charles T Horngren, Jr Walter T Harrison
2nd Edition
0135080193, 9780135080191
