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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold 460 840 910 Total
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold 460 840 910 Total costs Variable costs $111,320 $ 2 $ ? Fixed costs per year 2 2 2 Total costs. ? ? ? Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? 2 ? ? 2 2 $517.75 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table a the company sells each bike for $770. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced and sold 460 Units 840 Units Total costs Variable costs Fixed costs per year Total costs $ 111,320 910 Units $ 111,320 $ $ 0
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