Question: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $12.50, and each clock sells for $25.00. The company's fixed costs total $8,500. How

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $12.50, and each clock sells for $25.00. The company's fixed costs total

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $12.50, and each clock sells for $25.00. The company's fixed costs total $8,500. How many units must Juniper sell to earn a profit of at least $9,125? Sales Units Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear Total fixed cost per month Variable cost per bear $ 26.50 2,400.00 10.50 If she sells 294 bears next month, determine the margin of safety in units, sales dollars, and as a percentage of sales. (Round your intermediate calculations to the nearest whole number and round your "Percentage of Sales" answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.)) Margin of safety (Units) Margin of safety (Dollars) Percentage of sales %

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

For this homework, assume that you are the newly hired financial analyst at Cascades Mental Health Clinic and you are asked to prepare the requested variance analysis (in Excel) and one page...

Required: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $12.50, and each clock sells for $25.00. The company's fixed costs total $9,375 How many clocks must Juniper sell...

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $12.50, and each clock sells for $25.00. The company's fixec costs total $9,500. How many clocks must Juniper sell to earn a...

please help me answer parts a-e will gove thumbs up! M6-3 (Static) Calculating Contribution Margin and Contribution Margin Ratio, Finding Break-Even Point [LO 6- 1) Juniper Enterprises sells handmade...

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $8.80, and each clock sells for $22. Calculate Juniper's contribution margin per unit and contribution margin ratio. If the...

Required: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $18.90, and each clock sells for $27. Calculate Juniper's contribution margin per unit and contribution margin...

Fayville Office Supplies has provided the following contribution margin income statement. Fayville Office Supplies Contribution Margin Income Statement 30,000 Units Sold Total Per Unit Sales revenue...

M6-3 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Finding Break-Even Point [LO 6-1) Juniper Enterprises sells handmade clocks. Its variable cost per clock is $13.50, and each...

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $17.40, and each clock sells for $29. Calculate Juniper's contribution margin per unit and contribution margin ratio. If the...

On Monday morning, the buyer for the mens casual collection department is reviewing their selling reports for the seasonal coordinate groups. Here is a recap of the report the buyer generated from...

A sample of five units of product is taken from a production process every hour. The results in Table 10E.12 are obtained. Assume that the specifications on this quality characteristic are at 1.0015...

Select all that apply When doing ratio analysis, benchmarks can include the company's prior - year results industry averages results of close competitors expectations from the upcoming year's budget...

If 3,500 units are sold, the variable cost per unit sold is closest to: Multiple Choice $15.70 $11.50 $9.90 $11.55