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Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 490 830 910 Number of bikes produced and sold Total costs
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 490 830 910 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 $ 114,660 ? ? $ ? ? ? $ ? ? ? ? ? ? ? ? $ 509.75 Required: 1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 490 Units 830 Units 910 Units Number of bikes produced and sold Total costs Variable costs $ 114,660 Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 509.75 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 $840 percentage answers to 2 decimal places. (i...1234 should be entered as 12.34%.)) 490 Units 830 Units 910 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.) Bikes Break-Even Units Break-Even Sales Revenue
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