Question
I NEED HELP ASAP !!! IMPORTANT: Rounding instructions For money amounts, round your answer to the nearest dollar. Do not include $. Do not use
I NEED HELP ASAP !!!
IMPORTANT: Rounding instructions For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. For example, 123456 would be the correct format. For percentage, round your answer to the nearest 1%. Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.2568 (which equals to 25.68%), 26 would be the correct format. For number of units, round your answer to the nearest integer. Do not include units in your answer. Do not use comma separators. For example, 123456 would be the correct format.
- Company A only produces and sells one product. The selling price is $300 per unit. The contribution margin ratio is 60%. For June 2021, the breakeven sales is $45000.
- (1 mark) The variable cost per unit is $Answer.
- (1 mark) The contribution margin per unit is $Answer.
- (1 mark) The total fixed cost for June 2021 is $Answer.
- (1 mark) Which ONE of the following statements is correct for June 2021?
If Company A sells 150 units, the business does not make any gain or loss.
The sales can be reduced by 60% before a loss occurs.
40% of the total sales can be used to cover the fixed cost and generate profit.
250 units need to be sold to achieve breakeven.
- Company B only produces one product. The selling price per unit is $350. The variable cost per unit is $210. The total fixed cost for August 2021 is $16800. In August 2021, 160 units were sold.
- (1 mark) The contribution margin ratio is Answer%.
- (1 mark) The breakeven sales in dollars is $Answer.
- (1 mark) The breakeven sales in units is Answer units.
- (1 mark) The actual total sales (in dollars) in August 2021 is $Answer.
- (1 mark) The margin of safety in dollars is $Answer.
- (1 mark) The margin of safety ratio is Answer%.
- (1 mark) Which ONE of the following statements is correct for August 2021?
Total sales can be reduced by $42000 before a loss occurs.
40% of the total sales can be used to cover the fixed cost and generate profit.
Company B does not make any gain or loss.
The total sales can be reduced by 40% before a loss occurs.
- Company C only produces one product. The unit selling price is $500 per unit. The variable cost per unit is $280. The fixed cost for September 2021 is estimated to be $33000 in total. The target profit for September 2021 is $22000.
- (1 mark) The total sales in dollars required to achieve the target profit is $ Answer.
- (1 mark) The total sales in units required to achieve the target profit is Answer units.
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