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Vestibule produces one model of ski vest. Partial information for the company follows: Cost Data Number of Ski Vests Produced and Sold 1,650 1,700 2,100
Vestibule produces one model of ski vest. Partial information for the company follows: Cost Data Number of Ski Vests Produced and Sold 1,650 1,700 2,100 Total costs Variable costs $? $ ? $15,750 Fixed costs per year ? ? ? Total costs ? ? ? Cost per unit Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit $ 28 ? ? Required: 1. Complete Vestibule's cost data table. 2. Calculate Vestibule's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each vest for $30. 3. Calculate profit at each of the sales levels assuming a sales price of $30. A B D 1 Problem PB5-4: 2 Requirement 1: 3 Number of Ski Vests Produced and Sold 1,650 1,700 2,100 4 5 6 Total Costs: 7 Variable Costs 8 Fixed Costs per Year 9 Total Fixed Costs $ 15,750 10 11 Cost per Unit: 12 Variable Cost per Unit 13 Fixed Cost per Unit 14 Total Cost per Unit $ 28.00 15 16 17 1,650 1,700 2,100 18 Requirement 2 & 3: 19 20 Ski Vests Produced and Sold 21 22 Total Revenue 23 Variable Costs 24 Contribution Margin 25 26 Fixed Costs 27 Net Operating Income 28 29 Contribution Margin Ratio 30 31
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