Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed costs

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed costs total $14,688.00 per year. Hawk currently has the capacity to produce up to 2.400 birdhouses per year, so its relevant range is Oto 2.400 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1.210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin of the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a contribution margin income statement for Hawk assuming it sells 1,210 birdhouses this year. (Enter your answers rounded to 2 decimal places.) HAWK HOMES Contribution Margin Income Statement Contribution Margin Income from Operations Required 2 > Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed cos total $14,688.00 per year. Hawk currently has the capacity to produce up to 2,400 birdhouses per year, so its relevant range is 0 to 2,400 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming It sells 1,210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Required 4 Required 5 Without any calculations, wetermine Hawk's total contribution margin if the company breaks even. (Enter your answer rounded to 2 decimal places.) Total Contribution Margin Saved Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed costs total $14,688.00 per year. Hawk currently has the capacity to produce up to 2,400 birdhouses per year, so its relevant range is Oto 2.400 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's contribution margin per unit and its contribution dargin ratio. (Round your answers to 2 decimal places. (. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio Hawk Homes, Inc., makes one type i biurouse o Sen cotal $14,688.00 per year. Hawk currently has the capacity to produce up to 2.400 birdhouses per year, s 2,400 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must sell to genera Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4. Required 5 Calculate Hawk's break-even point in number of units and in sales revenue. (Round your Sales Revenue answ places and "Unit" answer to the nearest whole number Break-Even Units Break-Even Sales Revenue total $14,688.00 per year. Hawk currently has the capacity to produce up to 2,400 birdhouse 2,400 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1.210 birdhouse 2. Without any calculations, determine Hawk's total contribution margin if the company break 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must s Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required s Suppose Hawk wants to earn $20,000 this year. Determine how many birdhouses it must sell to g profit. (Round your answer to the nearest whole number:) Target Unit Sales Units

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_2

Step: 3

blur-text-image_3

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

Financial Accounting A Business Perspective

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

10th Edition

1930789793, 978-1930789791

More Books

Students also viewed these Accounting questions

Question

=+What action steps will you take to handle this situation?

Answered: 1 week ago