Exercise $3-27($Algo$)$ Basic Decision Analysis Using CVP $($LO $3-1)$

Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for

the period October through December, the company's third quarter:

Required:

a$.$ What is the average selling price per tile?

Note: Round your final answer to $2$ decimal places.

b$.$ What is the average variable cost per tile?

Note: Round your final answer to $2$ decimal places.

c$.$ What is the average contribution margin per tile?

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

d$.$ What is the current operating profit for a quarter?

Note: Do not round intermediate calculations.

e$.$ What is the break$-$even point?

Note: Do not round intermediate calculations.

f$.$ The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $$18,512,$ they will liquidate

the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $$18,512$ in quarterly operating profit?

Note: Do not round intermediate calculations.