Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

show work will like if correct need done asap Price, Variable Cost per Unit, Contribution Margin. Contribution Margin Ratio, Fixed Expense For each of the

show work will like if correct need done asap
image text in transcribed
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 85,000 units and has fixed cost of $345,000. The variable cost per unit is 30.20. What price does Jefferson charge per unit? Note: Round to the nearest cent. 4.26 2. Sooner Industries charges a price of $150 and has fixed cost of $374,500. Next year. Sooner expects to sell 17,200 units and make operating income of $175,000, What is the variable cost per unit? What is the contribution margin ratlo? 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 21.2 X Contribution margin ratio 96 3. Last year, Jasper Company camed operating Income of $14,280 with a contribution margin ratio of 0.15. Actuat revenue was $238,000. Calculate the total fixed cost Note: Round your answer to the nearest dollar, If required 21,420 4. Laramie Company has variable cost ratio of 0.45. The fixed cost is $89,100 and 27,000 units are sold at break-even. What is the price? What is the variable cont per un? The contribution margin per unit? Note: Do NOT round interim computations. Round answers to the nearest cent. Price 3.3 x Variable cost per unit Contribution margin per unit

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

College Accounting, Chapters 1-27

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285055411, 9781285055411

More Books

Students also viewed these Accounting questions

Question

Explain how SIHRM is linked to different global business strategies

Answered: 1 week ago