Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saved FAO'S AGO Calculany CONUIDULIOL waryu, CONTUULIDI varyi Raud, DIVANEVE Poll, Torget Profit (LO 6-1, 6-2) Hawk Homes, Inc., makes one type of birdhouse that

image text in transcribed
Saved FAO'S AGO Calculany CONUIDULIOL waryu, CONTUULIDI varyi Raud, DIVANEVE Poll, Torget Profit (LO 6-1, 6-2) Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.90 each. Its varioble cost is $14.30 per house, and its fixed costs total $13,509.60 per year, Hawk currently has the capacity to produce up to 2.700 birdhouses per year, so its relevant range is Oto 2,700 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming It sells 1,240 bledhouses this year 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio 4. Calculate Hawk's break-even point in number of units and in sales revenue, 5. Suppose Hawk wants to earn $30,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's break even point in number of units and in sales revenue(Round your "Sales Revenue answer to 2 decimal places and "unit" answer to the nearest whole number.) Units Break-Even Units Break Evan Sales Revenue Prey 1 of 1 HE Next

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

Auditing Principles

Authors: Nformi Eugene Tawe

1st Edition

3330651032, 978-3330651036

More Books

Students also viewed these Accounting questions

Question

Calculate the value for each of Exercises. 7 (3)

Answered: 1 week ago