Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: 1. Complete Presidios cost data table. (Round your Cost per Unit answers to 2 decimal places.) 2. Calculate Presidios contribution margin ratio and its

Required: 1. Complete Presidios cost data table. (Round your Cost per Unit answers to 2 decimal places.) 2. Calculate Presidios contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $620. (Round your Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.)) 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $620. (Round your answers to the nearest whole dollar amount.)

image text in transcribed

Required 1. Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) Bikes and 470 Units Units 1642 Units Total costs Variable costs $ 150,400 Fixed costs per year Total costs 5 150 400 Cosl per unit Variable cost per unt Fixed cost per unit Total cost per unit 0.00 54300 0.00 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike tor 5620 (Round your Margin Ratio percentage answers to 2 decimal places 12.34%.)) 470 Units 750 Units 1642 Units Tolal Contribution Margin Contribution Margin Ratio 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of 3620. (Round your answers to the nearest whole dollar amount.) 470 Units 750 Units1 1642 Units Net Operating Income (Loss)

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

Step: 3

blur-text-image

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

A Framework For Internal Auditings Entity Wide Opinion On Internal Control

Authors: Wanda A. Wallace, Thomas White

1st Edition

0894135317, 978-0894135316

More Books

Students also viewed these Accounting questions