Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Price, Valable cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed expense For each of the following independent situations, calculate the amounts) required. Required: 1.

image text in transcribed
Price, Valable cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed expense For each of the following independent situations, calculate the amounts) required. Required: 1. At the break-even point, Jefferson Company sells 5,000 units and has fived cost of $340,100, The variabile cost per unit is 30.20. What price does Jefferson charpe per unit? Note Round to the nearest cent. 2. Sooner Industries charges a price of $107 and has fixed cost of $479,000. Next year, Sooner expects to sell 18,400 units and make operating income of $179,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Hound your variable cost per unit answer to the nearest cont Enter the contribution margin ratio as a percentage, rounded to two decimal places Variable cost per unit Contribution margin ratio 3. Last year, Jasper Company earned operating income of $23,800 with a contribution margin ratio of 0.25. Actual revenue was $238,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, If required 4. Laramie Company has variable cost ratio of 0.45. The fixed cost is $82,500 and 30,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note: Do NOT round interim computations. Round answers to the nearest cent. Price Variable cost per unit Contribution margin per unit

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_2

Step: 3

blur-text-image_3

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

Nuclear Auditing Handbook A Guide For Quality Systems Practitioners

Authors: Charles Moseley, Norman Moreau, Karen Douglas

1st Edition

1636940072, 978-1636940076

More Books

Students also viewed these Accounting questions

Question

=+a. The fuel efficiency (in miles per gallon) of an automobile

Answered: 1 week ago

Question

Additional Factors Affecting Group Communication?

Answered: 1 week ago