Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the questions below: Q. 1. Sheridan Company makes electronics. Its sales for 2022 are $1,444,500. Fixed costs are $446,004 and variable costs are

Please answer the questions below:

Q. 1. Sheridan Company makes electronics. Its sales for 2022 are $1,444,500. Fixed costs are $446,004 and variable costs are $895,590. It sold 2,700 units in the year.

- what is the contribution margin per unit?

- what is the contribution margin ratio?

- what is the required sales in dollars and in units?

Q. 2. Bramble Company produces flash drives for computers, which it sells for $24 each. The variable cost to make each flash drive is $8. During April, 680 drives were sold. Fixed costs for April were $2 per unit for a total of $1360 for the month. What is the monthly break-even level of sales in dollars for Bramble Company?

a. 5,440

b. 85

c. 2040

d. 8160

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

Modern Advanced Accounting In Canada

Authors: Hilton Murray, Herauf Darrell

9th Edition

1259654699, 978-1259654695

More Books

Students also viewed these Accounting questions

Question

2. How do I perform this role?

Answered: 1 week ago