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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 490 Number of bikes produced and sold Total costs 770 930
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 490 Number of bikes produced and sold Total costs 770 930 $ 113,190 Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 511.75 Required 1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced and sold 490 Units 770 Units 930 Units Total costs Variable costs $113,190 Fixed costs per year Total costs $113,190 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 0.00 511.75 $ 0.00 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $690. (Round your percentage answers to 2 decimal places. (i.e. .1234 should be entered as 12.34%.)) 490 Units 770 Units 930 Units Contribution Margin Ratio Total Contribution Margin
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