Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The budgets of four companies yield the following information: Click the icon to view the budget information for the four companies.) Read the requirements. Requirement

image text in transcribed

image text in transcribed

The budgets of four companies yield the following information: Click the icon to view the budget information for the four companies.) Read the requirements. Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign or parentheses to enter an operating loss.) Carey Everest Baker 1,560,000 $ L Doren $ 1,170,000 702,000 204,000 Net Sales Revenue Variable Costs Fixed Costs Operating Income (Loss) Units Sold 121,800 97,500 184,000 $ $ 66,000 336,500 200,000 3.90 15,000 Contribution Margin per Unit $ $ $ 78.00 % 14.00 40 % Contribution Margin Ratio 80% Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Complete all answer boxes. Round the breakeven pointthe required sales in dollarsup to the nearest whole dollar. For example, $10.25 would be rounded to $11. Abbreviation used: CM = contribution margin.) + = Required sales in dollars + + Baker Carey Doren Everest ( + ) % =C + Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? V has the lowest breakeven point, primarily due to Choose from any list or enter any number in the input fields and then continue to the next question. i Data Table $ Everest $ () 121,800 Net Sales Revenue Variable Costs Fixed Costs Operating Income (Loss) Units Sold Contribution Margin per Unit Contribution Margin Ratio (k) Company Carey Doren $(d) $ 1,170,000 97,500 702,000 184,000 204,000 $(e) $ (9) $ 15,000 (h) $(f) $ 78.00 $ 80% (0) Baker 1,560,000 (a) (b) 336,500 200,000 3.90 (c) $ 66,000 $ 14.00 40% Print Done

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

Frank Woods Business Accounting Volume 1

Authors: Alan Sangster Lewis Gordon Frank Wood

14th Edition

1292208627, 9781292208626

More Books

Students also viewed these Accounting questions

Question

describe the key elements of work;

Answered: 1 week ago