Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Khayyam Company, which sells tents, has provided the following information: Sales price per unit Variable cost per unit Fixed costs per month $45 13 $12,800
Khayyam Company, which sells tents, has provided the following information: Sales price per unit Variable cost per unit Fixed costs per month $45 13 $12,800 What are the required sales in units for Khayyam to break even? (Round your answer up to the nearest whole unit.) A. 221 units B. 400 units C. 985 units OD. 285 units Emeka Company has provided the following information: Sales price per unit Variable cost per unit Fixed costs per month $48 12 $12,000 Calculate the contribution margin per unit. O A. $48 O B. $12 O C. $60 OD. $36 Carrabelle Company has provided the following information: Sales price per unit Variable cost Fixed costs per month per unit $54 12 $18,000 Calculate the contribution margin ratio. (Round your answer to two decimal places.) A. 77.78% B. 22.22% C. 63.64% D. 81.82% Bag Ladies, Inc. manufactures two kinds of bagstotes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $25,250. Additional estimated information is given below. Direct materials cost per unit Direct labor cost per unit Number of units Totes $30 $55 520 Satchels $44 $61 390 Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar.) A. $11,467 B. $459 C. $13,785 D. $344
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started