Question
Need Help ASAP! Thanks 1 - Ritz Furniture has a contribution margin ratio of 0.16. If fixed costs are $176,600, how manydollars of revenue must
Need Help ASAP! Thanks
1 - Ritz Furniture has a contribution margin ratio of 0.16. If fixed costs are $176,600, how manydollars of revenue must the company generate in order to reach the break-even point?
2 - U.S. Telephone Cellular sells phones for $100. The unit variable cost per phone is $50 plus aselling commission of 10% (based on the unit sales price per phone). Fixed manufacturing costs total $1,160 per month, while fixed selling and administrative costs total $2,350. How many phones must be sold to achieve the breakeven point?
3 - Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price is $30 per unit.Swimkids variable costs are $18 per unit. Fixed costs are $86,800. Swimkids expects sales of $284,400 next year. What is Swimkids's margin of safety (in dollars)?
4- Carry-ALLplanstosell1,300carriersnextyearandhasbudgetedsalesof$46,000andprofitsof$22,000.Variablecostsareprojectedtobe$20perunit.MichaelCo.offerstopay$20,800tobuy620unitsfromCarry-ALL.Totalfixedcostsare$7,000peryear.ThisofferdoesnotaffectCarry-ALL'sotherplannedoperations.Theincrementalrevenuesforthissituationare:
Totalcostswere$77,300when25,000unitswereproducedand$98,400when39,000unitswereproduced.Usethehigh-lowmethodtofindtheestimatedtotalcostsforaproductionlevelof32,000units.
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