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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 costs
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 530 780 950 $ 123,490 $7 $ 7 2 7 2 2 2 2 2 2 2 2 2 2 $ 525.75 7 ook Required: 1. Complete the table. int ences 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 $790. 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. 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 530 Units $ 123,490 780 Units 950 Units
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