1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $349,400....

 

Transcribed Image Text:

1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $349,400. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $144 and has fixed cost of $455,500. Next year, Sooner expects to sell 16,100 units and make operating income of $184,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Variable cost per unit Contribution margin ratio 3. Last year, Jasper Company earned operating income of $14,280 with a contribution margin ratio of 0.15. Actual revenue was $238,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.35. The fixed cost is $171,600 and 22,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note: Do NOT round interim computations. Round answers to the nearest cent. Price Variable cost per unit Contribution margin per unit Check My Work % $ Provinu 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $349,400. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $144 and has fixed cost of $455,500. Next year, Sooner expects to sell 16,100 units and make operating income of $184,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Variable cost per unit Contribution margin ratio 3. Last year, Jasper Company earned operating income of $14,280 with a contribution margin ratio of 0.15. Actual revenue was $238,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.35. The fixed cost is $171,600 and 22,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note: Do NOT round interim computations. Round answers to the nearest cent. Price Variable cost per unit Contribution margin per unit Check My Work % $ Provinu

Answer rating: 100% (QA)

1break even point in unitsfixed costscontribution per unitie 135000 units349400contribution per unitso contribution per units349400135000259 contribution per unitsales pricevariable cost per unitie 259sales price30so sales price25930290 2let assume variable cost per unit is xthen particulars amount sales 16100 unitsx144 2318400 lessvariable costs 16100 unitsx 16100x contribution 231840016100x lessfixed costs 455500 operating income 184000 from the tablecontributionfixed costsoperating income 231840016100x455500184000and x16789001610010428 so variable cost per unit10428 contribution margin ratiocontributionsales2318400161001042823184002758 3contribution238000x1535700contributionfixed costoperating profitso fixed costscontributionoperating profit357001428021420 fixed costs21420 4break even point in unitsfixed costscontribution per unit ... View the full answer