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Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount ( s )

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Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense
For each of the following independent situations, calculate the amount(s) required.
Required:
At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $353,700. The variable cost per unit is $0.25. What price does Jefferson charge
per unit? Round to the nearest cent.
$
Sooner Industries charges a price of $76 and has fixed cost of $471,500. Next year, Sooner expects to sell 16,900 units and make operating income of $176,000.
What is the variable cost per unit? What is the contribution margin ratio? Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio
as a percentage, rounded to two decimal places.
Variable cost per unit
!
x
Contribution margin ratio
x%
Last year, Jasper Company earned operating income of $26,640 with a contribution margin ratio of 0.3. Actual revenue was $222,000. Calculate the total fixed cost.
Round your answer to the nearest dollar, if required.
$
Laramie Company has variable cost ratio of 0.25. The fixed cost is $107,390 and 23,800 units are sold at breakeven. What is the price? What is the variable cost per
unit? The contribution margin per unit? (Round answers to the nearest cent.)
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