Weed Away sells a weed trimmer for $292.00 each, and makes the product for variable costs of
Question:
Weed Away sells a weed trimmer for $292.00 each, and makes the product for variable costs of 154.90 per unit. Weed Away is thinking about cutting its selling price by -$17.23. Calculate the percent profit breakeven metric for this proposed price cut. Report the correct sign for the result. Report your answer as a percent. Report -25.5%, for example, as "-25.5". Rounding: tenth of a percent.
Robo Garden sells a robot lawn aerator. At the current price, Robo Garden's contribution margin is $151.87 per unit. Because of a shortage of silicon chips, Robo Garden expects variable cost to increase by $11.20. In response, Robo Garden is thinking about raising its selling price by $31.28. Calculate the percent profit breakeven metric for this situation.
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly