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PA6-1 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point (LO 6-1, 6-2] Hermosa, Inc., produces one model of mountain bike. Partial information for the
PA6-1 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point (LO 6-1, 6-2] Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 530 770 920 $ ? $ Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $127,200 ? ? ? ? ? ? ? ? ? ? $ 532.75 ? ? ? ? Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $670. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 530 Units 770 Units 920 Units $ 127,200 Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit
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