Question: Compute the missing amounts for the following table. LOADING... (Click the icon to view the table.) Compute the missing amounts. (Enter the contribution margin ratio
Compute the missing amounts for the following table.
LOADING...
(Click
the icon to view the table.)
Compute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.)
|
| A |
| ||||
| Number of units | 771 | units | ||||
| Sale price per unit | $600 | |||||
| Variable costs per unit | 150 | |||||
| Total fixed costs | 82,800 | |||||
| Target profit | 264,150 | |||||
| Calculate: | ||||||
| Contribution margin per unit |
| |||||
| Contribution margin ratio |
| % | ||||
| Required units to achieve target profit |
| |||||
| Required units to break even |
| |||||
| Required sales dollars to break even |
|
| ||||
|
|
| A |
|
| ||
|
| Number of units | 771 | units |
| ||
|
| Sale price per unit | $600 |
| |||
|
| Variable costs per unit | 150 |
| |||
|
| Total fixed costs | 82,800 |
| |||
|
| Target profit | 264,150 |
| |||
|
| Calculate: |
| ||||
|
| Contribution margin per unit |
|
| |||
|
| Contribution margin ratio |
|
| |||
|
| Required units to achieve target profit |
|
| |||
|
| Required units to break even |
|
| |||
|
| Required sales dollars to break even |
|
|
| ||
| B |
|
| 3,060 | units |
| $1,250 | |
| 750 | |
| 130,000 | |
| 1,400,000 | |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
|
| C |
|
| 5,600 | units |
| $125 | |
| 100 | |
| 40,000 | |
| 100,000 | |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
