Question: Complete question 1 through A to D Part A. Dairy Days Ice Cream sells ice cream cones for $4.00 per customer. Variable costs are $2.00
Complete question 1 through A to D
Part A. Dairy Days Ice Cream sells ice cream cones for $4.00 per customer. Variable costs are $2.00 per cone. Fixed costs are $2,400
per month. What is Dairy Days' contribution margin ratio?
A.252%
B.75%
C.58%
D.50%
Part B. The managerial accountant at Right Stripes TShirt Company reported the following information:The Right Stripes TShirt Company Contribution Margin Income Statement
| Sales Revenue 1818 units | $17,100 |
| Variable Expenses | $9,900 |
| Contribution Margin | $_____ |
| Fixed Expenses | $6,700 |
| Operating Income | $500 |
How many units did Right Stripes TShirt Company sell to achieve the above listed revenue? Compute the company's contribution margin.
.
A. 34 units; $1.73
B. 13.4 units; $27,000
C. 550 units; $ 7,200
D. 950 units; $7,200
The following information pertains to the Flying Fig Corporation:
| Total Units for information given | 6,000 |
| Fixed Cost per Unit | $50 |
| Selling Price per Unit | $425 |
| Variable Costs per Unit | $200 |
| Target Operating Income | $150,000 |
What is the breakeven in units? (Round your final calculation to the nearest unit.)
A 2,000 units
B. 1,500 units
C. 1,333 units
D. 667 units
Part D Matthew's Fish Fry has a monthly target operating income of $8,300. Variable expenses are 80% of sales and monthly fixed expenses are $800. What is the monthly margin of safety as a percentage of target sales in dollars?
A. 108.79%
B. 20.00%
C.1,037.50%
D. 91.21%
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