See attached question below........There are 4 questions to it Price, Variable Cost per Unit, Contribution Margin, Contribution
Question:
See attached question below........There are 4 questions to it
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $350,300. The variable cost per unit is $0.20. What price does Jefferson charge per unit? Round to the nearest cent. $ 2. Sooner Industries charges a price of $131 and has fixed cost of $481,500. Next year, Sooner expects to sell 16,400 units and make operating income of $182,000. What is the variable cost per unit? What is the contribution margin ratio? Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.
3. Last year, Jasper Company earned operating income of $32,200 with a contribution margin ratio of 0.35. Actual revenue was $230,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required. $ 4. Laramie Company has variable cost ratio of 0.65. The fixed cost is $105,070 and 23,700 units are sold at breakeven. What is the price? What is the variable cost per unit? The contribution margin per unit? (Round answers to the nearest cent.)
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