Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help exercise 7-9 Exercise 7 Bruce Co. had sales per unit of $50 and variable costs per unit of $30. Its fixed costs total
please help exercise 7-9
Exercise 7 Bruce Co. had sales per unit of $50 and variable costs per unit of $30. Its fixed costs total $2500. Calculate the following: Contribution margin per unit Contribution margin ratio Break-even point in units Break-even point in sales If Bruce Co. wants a target net income (TNI) of $5000, calculate: Sales required for TNI (in $) Exercise 8 Pat Co. had sales per unit of $40 and variable costs per unit of $30. Its fixed costs total $5000 and current sales total $25000. Calculate the following: Contribution margin per unit Contribution margin ratio Break-even point in units Break-even point in sales Margin of Safety If Pat Co. wants a target net income (TNI) of $6000, calculate: Sales required for TNI (in $) Exercise 9 Keegan Co. had sales per unit of $15 and variable costs per unit of $12. Its fixed costs total $6000 and current sales total $36000. Calculate the following: Contribution margin per unit Contribution margin ratio Break-even point in units Break-even point in sales Margin of Safety If Keegan Co. wants a target net income (TNI) of $18000, calculate: Sales required for TNI (in $)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started