Canton Company produces and sells toasters. The following unit cost information assumes a production and sales...

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Canton Company produces and sells toasters. The following unit cost information assumes a production and sales volume of 15,600 units: Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative costs Fixed selling and administrative costs Required: a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost. Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 15,600 units are sold. Answer is complete but not entirely correct. $ 56.35 x per unit $ 123,240✔ $ $10.50 7.50 2.30 3.30 4.00 4.60 a. Budgeted selling price b. Total fixed costs c. Contribution margin d. Break-even point d. Break-even sales 32.05 Xper unit 3,845 units $ 216.666 x < Prev 11 of 12 m Next > 11 1.66 points Variable selling and administrative costs Fixed selling and administrative costs Required: a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost. Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 15,600 units are sold. Answer is complete but not entirely correct. 56.35 x per unit a. Budgeted selling price b. Total fixed costs c. Contribution margin d. Break-even point d. Break-even sales e. Estimated profit $ $ $ $ $ 4.00 4.60 123,240✔ 32.05 Xper unit 3,845 units 216,666 X 375,180 x Canton Company produces and sells toasters. The following unit cost information assumes a production and sales volume of 15,600 units: Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative costs Fixed selling and administrative costs Required: a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost. Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 15,600 units are sold. Answer is complete but not entirely correct. $ 56.35 x per unit $ 123,240✔ $ $10.50 7.50 2.30 3.30 4.00 4.60 a. Budgeted selling price b. Total fixed costs c. Contribution margin d. Break-even point d. Break-even sales 32.05 Xper unit 3,845 units $ 216.666 x < Prev 11 of 12 m Next > 11 1.66 points Variable selling and administrative costs Fixed selling and administrative costs Required: a. Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost. Note: Round your answer to 2 decimal places. b. Compute the firm's total fixed costs. c. Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1. Note: Round your answer to 2 decimal places. d. Compute the firm's break-even point in units and dollars, using the selling price you calculated in Requirement 1. e. Using the unit contribution margin, compute the firm's estimated profit if 15,600 units are sold. Answer is complete but not entirely correct. 56.35 x per unit a. Budgeted selling price b. Total fixed costs c. Contribution margin d. Break-even point d. Break-even sales e. Estimated profit $ $ $ $ $ 4.00 4.60 123,240✔ 32.05 Xper unit 3,845 units 216,666 X 375,180 x

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