Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $345,400. The variable cost per unit is $0.40. What

image text in transcribed
Required: 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $345,400. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent. s 2. Sooner Industries charges a price of $100 and has fixed cost of $498,000. Next year, Sooner expects to sell 19,700 units and make operating income of $169,000. 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. Variable cost per unit Contribution margin ratio 3. Last year, Jasper Company earned operating income of $24,500 with a contribution margin ratio of 0.25. Actual revenue was $245,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.35. The fixed cost is $131,950 and 29,000 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 Check My Work

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

Accounting and auditing research tools and strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

8th edition

9781118806487, 1118027078, 1118806484, 978-1118027073

More Books

Students also viewed these Accounting questions

Question

What is the purpose of completing a competitive analysis grid?

Answered: 1 week ago

Question

Determine the amplitude and period of each function.

Answered: 1 week ago