Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hawk. Homes. Incorporated makes one type of birdhouse that it sells for $31.30 each. its variable cost is $15.10 per house, and its fixed costs
Hawk. Homes. Incorporated makes one type of birdhouse that it sells for $31.30 each. its variable cost is $15.10 per house, and its fixed costs total $14,045,40 per year. Hawk currently has the capacity to produce up to 2,900 birdhouses per year, so its relevant range is 0 to 2,900 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it seils 1130 birdhouses this year. 2. Without any calculations, determine Hawks total contribution matgin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio 4. Calsulate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to eam $30,000 this year. Determine how many birchouses it must sell to generate this amount of profit: Complete this question by entering your answers in the tabs below. Prepare a contribution margin income statement for Hawk asguming it sells 1,130 birdhouses this year: Hote Do not round your intermed ate calculstions, Enter your ankinern roundeo to 2 decimal place year complete tnts question my ontering your answers in the tabs besow: Prepara a contribution margln leccome ststement for Hawk assuming it selks 1,130 lwote: Do not round your intermediate calchlations. Enter your answers rounded to 3. Calculate Havk's contribution margin per unit and its contribution margin ratio: 4. Calculate Hawk's break-even point in number of units and in sales tevenue. 5. Suppose Hawk wants to earn $30.000 this year. Determine how many birdhouses it must sell to generate this amount of promit Complete this question fy entering your answers in the tabs below. Without any calculations, determine Hawk's total contribution margin if the company bresks even. Noter Do not rounio your litermediate calculations. Enter your angwer rounded to 2 decimal placeil. Calculate Hawk's contribution margin per unit and its contribution margin ratio. Note: Do not round your intermediate calculations. Round your answers to 2 decin should be entered as. 12.34%.). Calculate Hawk's break-even point in number of units and in sales revenue. Note: Do not round your intermediate calculations. Round your "Sales Revenue to the nearest whole.number. 3. Calcialate Hawk's contribution margin per unit and its contribution maegin ratbo 4. Calculate Hawk's hreak-even point in ntimber of units and in sales revenue. Complete this question by antering your answers in the tats below. procis Wote: Do not roumd your interminfiate calculations: Bound your ansmer to the nearmet wholi pempere
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