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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 520 760 980 $125,320 $ ? Number of bikes produced and
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 520 760 980 $125,320 $ ? Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? $527.75 Required: 1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of bikes produced 520 Units 760 Units 980 Units and sold Total costs Variable costs $ 125,320 Fixed costs per year Total costs $ 125,320 $ 0 $ 0 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 0.00 $ 527.75 $ 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 $700. (Round your percentage answers to 2 decimal places. 520 Units 760 Units 980 Units Contribution Margin Ratio Total Contribution Margin 4. Calculate Hermosa's break-even point in units and sales revenue. (Round your answers to the nearest whole number.) Break-Even Units Break-Even Sales Revenue
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