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Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $346,300. The variable cost per unit is $0.30. What
Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $346,300. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2.57 2. Sooner Industries charges a price of $136 and has fixed cost of $347,500. Next year, Sooner expects to sell 10,400 units and make operating income of $176,000. 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 $24,100 with a contribution margin ratio of 0.25. Actual revenue was $241,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. $ 4. Laramie Company has variable cost ratio of 0.40. The fixed cost is $120,000 and 25,000 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
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