Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Provide answers to the following. Number your responses and remember to show your calculations to receive credit. 1. Variable cost per unit sold 2. Total
Provide answers to the following. Number your responses and remember to show your calculations to receive credit. 1. Variable cost per unit sold 2. Total variable cost 3. Fixed manufacturing cost per unit 4. Total period costs 5. Total product/manufacturing costs 6. Total product/manufacturing cost per unit 7. Determine total conversion costs. 8. Determine total prime costs. 9. Determine contribution margin. 10. Determine gross margin. 11. Determine net operating income. 12. Determine contribution margin per unit. 13. Determine contribution margin ratio. 14. Determine variable cost ratio. 15. Determine breakeven in sales dollars. 16. Determine breakeven in unit sales. 17. Determine sales needed to earn a target profit is $10,000. 18. Determine number of units needed to earn a target profit of $15,000. 19. Determine margin of safety in dollars and as a percentage 20. Determine margin of safety in units 21. Determine margin of safety as a percentage Provide answers to the following. Number your responses and remember to show your calculations to receive credit. 1. Variable cost per unit sold 2. Total variable cost 3. Fixed manufacturing cost per unit 4. Total period costs 5. Total product/manufacturing costs 6. Total product/manufacturing cost per unit 7. Determine total conversion costs. 8. Determine total prime costs. 9. Determine contribution margin. 10. Determine gross margin. 11. Determine net operating income. 12. Determine contribution margin per unit. 13. Determine contribution margin ratio. 14. Determine variable cost ratio. 15. Determine breakeven in sales dollars. 16. Determine breakeven in unit sales. 17. Determine sales needed to earn a target profit is $10,000. 18. Determine number of units needed to earn a target profit of $15,000. 19. Determine margin of safety in dollars and as a percentage 20. Determine margin of safety in units 21. Determine margin of safety as a percentage
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