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Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidios cost data table. 2. Calculate Presidios contribution

Presidio, Inc., produces one model of mountain bike. Partial information for the company follows:

Required:

1. Complete Presidios cost data table.

2. Calculate Presidios 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 $620.

3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $620.

Bikes Produced and Sold 730 Units 830 Units 1,048 Units
Total costs
Variable costs $189,800 $215,800 $272,480
Fixed costs per year
Total costs $189,800 $215,800 $272,480
Cost per unit
Variable cost per unit $260.00 $260.00 $260.00
Fixed cost per unit
Total cost per unit $260.00 $531.00 $260.00

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