Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Not sure if the first chart is right or not, thanks! Presidio, Inc., produces one model of mountain bike. Partial information for the company follows:

image text in transcribedimage text in transcribedimage text in transcribed

Not sure if the first chart is right or not, thanks!

Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $650. | Complete this question by entering your answers the tabs below. Required 1 Required 2 Required 3 Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) Bikes Produced and Sold 720 Units 790 Units 1,564 Units Total costs Variable costs $ Fixed costs per year $ 180,000 $ 225,150 $ 405,150 $ 197,500 225,150 $ 225,150 422,650 $ 225, 150 Total costs $ Cost per unit Variable cost per unit $ 250.00 $ $ 250.00 250.00 285.00 Fixed cost per unit Total cost per unit $ 250.00 $ 535.00 $ 250.00 Required 1 Required 2 > Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $650. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. (Round your Contribution Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.)) 720 Units 790 Units 1,564 Units Total Contribution Margin Contribution Margin Ratio % % % Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $650. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net operating income (loss) at each of the sales levels assuming a sales price of $650. (Round your answers to the nearest whole dollar amount.) 720 Units 790 Units 1,564 Units Net Operating Income

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

Financial Audit American Battle Monuments Commissions Financial Statements For Fiscal Years 2011 And 2010

Authors: Government Accountability Office

1st Edition

1492310883, 978-1492310884

More Books

Students also viewed these Accounting questions

Question

4. Label problematic uses of language and their remedies

Answered: 1 week ago