Answered step by step

Verified Expert Solution

## Question

1 Approved Answer

# Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's

## Presidio, Incorporated, produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data tab assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. Note: Round your Contribution Margin Ratio percentage answers to 2 decimal places (i.e. .1234 should be entered as 12.34%.) 720 Units 770 Units 1,256 Units Total Contribution Margin $ 273,600 $ 292,600 $ 477,280 Contribution Margin Ratio 60.00 % % % Required 1 Required 2 Show less

## Step by Step Solution

There are 3 Steps involved in it

### Step: 1

To calculate Presidios contribution margin ratio and total contribution margin at each sales level we need to use the given cost data table and assume ...### Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

### Step: 2

### Step: 3

## Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started