Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please include working note. the number on #2 is $600 Presidio, in produces one model of mountain bike. Partial information for the company follows: Required:

please include working note. the number on #2 is $600 image text in transcribed
image text in transcribed
Presidio, in produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) 770 Units 1542 Units 510 Units $ 158, 100 $ 158,100 $ 0 $ 0 Biles 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 $ 0.00 $ 537.00 $ 0.00 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 $600. percentage answers to 2 decimal places (i...1234 should be entered as 12.34%.)) 510 Units 770 Units 1542 Units Total Contribution Margin Contribution Margin Ratio 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $600. (Round your answers to the nearest whole dollar amount.) 510 Units 770 Units 1542 Units Net Operating Income (Loss) Presidio, Inc. produces one model of mountain bike. Partial Information for the company follows: Required: 1. Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) 510 Units 770 Units 1542 Units $ 158, 100 Bikes Produced and Sold Total costs Variable costs Fixed costs per you Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per un $ 158,100 $ 0 $ 0 0.00 $ 537.00 $ 0.00 2. Calculate Presidio's contribution margin ratio and its total contribution margineach sales level indicated in the cost data table assuming the company sells each bike for $600 (Round your Margin Ratio percentage answers to 2 decimal places (le..1234 should be entered as 12.34%.)) 510 Units 770 Units 1542 Units Total Contribution Margin Contribution Margin Ratio % 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $600 (Round your answers to the nearest whole dollar amount.) 510 Units 770 Units 1542 Units Net Operating income (Loss)

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

Contemporary Auditing

Authors: Michael C. Knapp

10th edition

978-1285066608, 128506660X, 978-1305445161, 1305445163, 978-1305970816

More Books

Students also viewed these Accounting questions

Question

Which CMMI maturity level maps to the CMM ' s "Repeatable" level?

Answered: 1 week ago

Question

Understand the department managers key role in employee retention

Answered: 1 week ago