The budgets of four companies yield the following information: Requirements 1. Fill in the blanks for each
Question:
Requirements
1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent.)
2. Which company has the lowest breakeven point in sales dollars?
3. What causes the low breakeven point?
Transcribed Image Text:
Company Lake Valley Beach Mountain $ 1,615,000 Net Sales Revenue (d) $ 1,050,000 (1) Variable Costs (a) 60,000 525,000 100,800 Fixed Costs (b) 232,000 (k) 260,000 Operating Income (Loss) 285,600 (e) (g) 31,500 (h) (1) Units Sold 170,000 10,000 Contribution Margin per Unit (f) %24 3.80 75.00 9.00 Contribution Margin Ratio (c) 80% (1) 30%
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Requirement 1 Company Beach Lake Mountain Valley Sales Revenue 1615000 d 300000 1050000 j 144000 Var...View the full answer
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
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