Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help wigh blanks please Mars Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Selling price Variable

need help wigh blanks please image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mars Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Selling price Variable costs and expenses Machine hours to produce A $11 $6 2 Product B $14 $12 1 $16 $13 2 (a) Your Answer Correct Answer Your answer is correct Compute the contribution margin per unit of limited resource (machine hours) for each product. (Round contribution margin per unit to 2 decimal places, eg. 1.50.) Product A Product B Product C per unit of limited resource S 2.50 2 S 15 Assuming 3,000 additional machine hours are available, which product should be manufactured? Producta eTextbook and Media Attempts: 2 of 3 used 1/1 Question Part Score (c) Your answer is incorrect. What is the total contribution margin if the additional hours are (1) divided equally among the products, and (2) if they are allocated entirely to the product identified above Total contribution margin S (1) Divided equally amoung the products (2) Allocated entirely to the product identified above $ Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from Comfi's base airport to the major city in the state, Metropolis. Each month, 40 round-trip flights are made. Shown below is a recent month's activity in the form of a cost-volume-profit income statement $48,000 $13.216 780 1.900 1.000 Fare revenues (400 passenger flights) Variable costs Fuel Snacks and drinks Landing fees Supplies and forms Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees Net income 16.896 31.104 3.050 15.536 500 1.650 20.736 $10,368 Calculate the break-even point in dollars. Break-even point $ 32000 e Textbook and Media Attempts: 2 of 3 used Question Part Score 1.25/1.25 (a2) Your answer is correct Calculate the break-even point in number of passenger flights, Break-even point fight Without calculations, determine the contribution margin at the break-even point. Break-even point $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics Using Microsoft Excel With Accounting And Finance Datasets Version 2.0

Authors: Joseph M. Manzo

1st Edition

1453395210, 9781453395219

More Books

Students also viewed these Accounting questions