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The following income statement is provided for Ramirez Company for the current year: Sales revenue (2,700 units * $20.20 per unit) Cost of goods sold
The following income statement is provided for Ramirez Company for the current year: Sales revenue (2,700 units * $20.20 per unit) Cost of goods sold (variable; 2,700 units X $8.20 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (2,700 units * $2.20 per unit) Net income $ 54,540 (22,140) (4,200) 28, 200 (6,200) (4,200) (5,940) $ 11,860 What amount was the company's contribution margin? Cooper Company sells a product at 580 per unit that has unit variable costs of $30 The company's break-even soles point in sales dollars is $160,000. How much profit will the company make if it ses 3.000 units? (Do not round intermediate calculations.) Multiple Choice $73.000 $85 000 544000 550.000 During the current year, Fairview Corporation sold 170,000 units of its product for $20 each. The variable cost per unit was $16, and Fairview's margin of safety was 40,000 units. What was the amount of Fairviews total fixed costs? Multiple Choice 5640.000 52.720.000 $520.000 $630,000 Martin Company currently produces and sells 45,000 units of product at a selling price of $17. The product has variable costs of $6 per unit and fixed costs of 555,000. The company currently earns a total contribution margin of Multiple Choice 5275,000 $495.000 $330.000 $385.000
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