Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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.) 625 Units 800 Units 1,050 Units $ Bikes 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 125,000 275,000 400.000 S S OS 0 $ 0.005 581.25 S 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 cach bike for $650. (Round your Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.) 625 Units B00 Units 1,050 Units Total Contribution Margin Contribution Margin Ratio % % 3. Calculate net operating income at each of the sales lovels assuming a sales price of $650. (Negative amounts should be indicated by a minus sign.) 800 Units 1,050 Units 625 Units S S (6,250) Net Operating Income (Loss)
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