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help needed Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.70 each. Its variable cost is $13.80 per house, and its
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Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.70 each. Its variable cost is $13.80 per house, and its fixed costs total $14,787.50 per year. Hawk currently has the capacity to produce up to 2,300 birdhouses per year, so its relevant range is 0 to 2,300 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,290 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 $27,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Prepare a contribution margin Income statement for Hawk assuming it sells 1,290 birdhouses this year. (Enter your answers rounded to 2 decimal places.) Without any calculations, determine Hawk's total contribution margin if the company breaks even. (Enter your answer rounded to 2 decimal places.) Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 decimal places. ( 1 .e. 1234 should be entered as 12.34%.)) Calculate Hawk's break-even point in number of units and in sales revenue. (Round your "Sales Revenue" answer to 2 decimal places and "Unit" answer to the nearest whole number.) Suppose Hawk wants to eam $27,000 this year. Determine how many birdhouses it must sell to generate this amount of proft. (Round your answer to the nearest whole number.) Step by Step Solution
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