PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 6-1, 6-2) Hawk Homes, Inc., makes one type of birdhouse that it sells for $28.60 each. Its variable cost is $13.20 per house, and its fixed costs total $13,321.00 per year. Hawk currently has the capacity to produce up to 2.200 birdhouses per year, so its relevant range is o to 2.200 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,250 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. (Round your answer to the nearest whole number.) Target Unit Sales 2.359 Units PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 6-1, 6-2) Hawk Homes, Inc., makes one type of birdhouse that it sells for $28.60 each. Its variable cost is $13.20 per house, and its fixed costs total $13,321.00 per year. Hawk currently has the capacity to produce up to 2,200 birdhouses per year, so its relevant range is Oto 2.200 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1250 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 decimal places. (.e. .1234 should be entered as 12.34%.)) IS Unit Contribution Margin Contribution Margin Ratio 15.40 0.54 % PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit (LO 6-1, 6-2] Hawk Homes, Inc., makes one type of birdhouse that it sells for $28.60 each. Its variable cost is $13.20 per house, and its fixed costs total $13,321.00 per year. Hawk currently has the capacity to produce up to 2,200 birdhouses per year, so its relevant range is to 2.200 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,250 birdhouses this year, 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate this amount of profit Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 requires 4 Required 5 Calculate Hawk's break-even point in number of units and in sales revenue. (Round your "Sales Revenue" answer to 2 decimal places and "Unit" answer to the nearest whole number.) Units Break-Even Units Break-Even Sales Revenue 865 24.668.52 S
