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Please solve the grey missing portions. For some reason 1.67 for the Variable cost per unit keeps saying it's incorrect for Laertes. Exercise 7-41 Contribution
Please solve the grey missing portions.
For some reason 1.67 for the Variable cost per unit keeps saying it's incorrect for Laertes.
Exercise 7-41 Contribution Margin, Unit Amounts, Break-Even Units Information on four independent companies follows. Calculate the correct amount for each question mark. (Note: Round unit dollar amounts and ratios to two decimal places; round break-even units to the nearest whole unit.) Laertes Ophelia Fortinbras Claudius Sales $15,000 $ ? $ ? $10,600 Total variable cost 5,000 11,700 9.750 Total contribution margin $10,000 $3,900 $ ? Total fixed cost 4,000 4,452 Operating income (loss) $ 500 $ 364 $ 848 Units sold 1,300 125 1,000 Price per unit $ 5.00 ? $130.00 Variable cost per unit $ ? $ 9.00 $ ? $ ? Contribution margin per unit $ ? $ 3.00 $ ? $ ? Contribution margin ratio 40% Break-even units S > Sales Total variable costs Total contribution margin Total fixed costs Operating income (loss) Laertes $ 15,000 5,000 $ 10,000 9,500 500 Ophelia S 15,600 11,700 $ 3,900 4,000 S (100) Fortinbras $ 16,250 9,750 $ 6,500 6,136 $ 364 Claudius $ 10.600 5,300 5,300 $ 4,452 848 $ 3,000 $5.00 Units sold Price per unit Variable cost per unit Contribution margin per unit Contribution margin ratio (%) Break-even in units (will round to nearest whole unit) 1,300 $12.00 $9.00 $3.00 25% 125 $130.00 $78.00 $52.00 40% 118 1,000 $10.60 $5.30 $5.30 50% 840Step by Step Solution
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