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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: 1.
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: 1. At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $347,200. The variable cost per unit is $0.25. What price does Jefferson charge per unit? Note: Round to the nearest cent. fill in the blank 1 of 1$ 3.27 2. Sooner Industries charges a price of $140 and has fixed cost of $464,500. Next year, Sooner expects to sell 18,400 units and make operating income of $168,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Line Item Description Answer Variable cost per unit $fill in the blank 2 per unit Contribution margin ratio fill in the blank 3 % 3. Last year, Jasper Company earned operating income of $22,100 with a contribution margin ratio of 0.25. Actual revenue was $221,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. fill in the blank 1 of 1$ 4. Laramie Company has variable cost ratio of 0.30. The fixed cost is $98,000 and 28,000 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. Line Item Description Answer Price $fill in the blank 5 Variable cost per unit $fill in the blank 6 Contribution margin per unit $fill in the blank 7
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