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Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable conta
Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable conta Total costs Fixed costs per year Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 470) $112,330 780 980 $ 7 $ 7 2 2 $ 520.75 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 assuming the company sells each bike for $840. 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 Complete the table. Required 4 Note: Round your "Cost per Unit" answers to 2 decimal places. 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 470 Units 780 Units 980 Units $ 112,330 $ 520.75 Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: 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 Required: 470 780 980 $112,330 $ 7 $2 2 2 2 2 7 2 2 $ 520.75 1. Complete the table. 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. 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 Required 4 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. Note: Do not round your intermediate calculations. Round your percentage answers to 2 decimal places. (.e. 0.1234 should be entered as 12.34%.). Contribution Margin Ratio Total Contribution Margin 470 Units 780 Units 980 Units % < Required 1 Required 4 > Show less A Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Fixed costs per year Total costs Variable costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 470 $ 112,330 7 780 900 $7 7 7 2 2 $ 520.75 1. Complete the table. 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. 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 Calculate Hermosa's break-even point in units and sales revenue. Note: Do not round your intermediate calculations. Round your "Unit" and "Sales Revenue" answers to the nearest whole. number. Break-Even Units Bikes Break-Even Sales Revenue
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