Question: PM 6 - 3 ( Algo ) Calculating Contribution Margin, Contribution Margin Ratio, Break - Even Point. Target Proft [ LO 6 - 1 ,

PM6-3(Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point. Target Proft [LO 6-1,6-2)
Hawk Homes. Incorporated makes one type of binchouse that it sels for $31,20 each. lis varable cont is $14,50 per housen, and ias flawd 2.900 houmes.
Requiredr
Prepart a confribution margin inoome statement for Hask aspuming if selts 1,1,100 birdhouses tis your.
Whoul ary calculations, determine Hewt's total contribution margin if the company bevais even.
Calouate Hiawk's conbrbution margin per unt and iss contribution margin ratio.
Caloulate Harak's break-even point in number of units and in sales revenue.
Suppoee Hawk warts to eam $22,000 his year. Delerrine how many birdhouses it mut sell to penerate this amount of profti
Complete thle question by entering your answers in the tabs below.
Hequired :
Required 2
Required 4
Prepare a contribution margin income stabement for Hawk assuming in sells 1,1,60 birdhouses this year
Nobe: Do not round your intermediate calculations. Enter your answers rounded to 2 decimal places.
\table[[HAWK NOMES, INCORPORATED],[Contribetion Margin Income Sratemest],[,],[,],[,],[,],[Contribution Margin,],[,],[,],[,],[Income from Operations,]]
PM 6 - 3 ( Algo ) Calculating Contribution

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!