Vestibule produces one model of ski vest. Partial information for the company follows: Required: 1. Complete Vestibules

Vestibule produces one model of ski vest. Partial information for the company follows:

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.

Transcribed Image Text:

Cost Data Number of Ski Vests Produced and Sold 1,650 1,700 2,100 Total costs $15,750 Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 28