Question: Price, variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixad Expense For each of the following independent situations, calculate the ariount(s) required. Required: 1.
Price, variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixad Expense For each of the following independent situations, calculate the ariount(s) required. Required: 1. At the break-even point, Jefferson Compony sells 135,000 uniti and has fixed cost of 1345,000 . The variable coat per unit is s0.15, What price does jefferson charov ger unit? Wote: Round to the nearest cent. 2. Sooner industries charges a price of s123 ond has fxed cost of 5405,500, Nent yeac, Sooner expects to sell 15,500 unike and make operating income of s195,000. What is the varioble cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the neareat cent. Enter the contribution margin ratio as a percentage, rounded to two decimal placer. 3. Last year, Jasper Company earned operating income of $18,640 with a contributica margin ratio of 0.2 . Actual revenue was 5233,000 . Calcufate the tetal fixed cose. Nobtet Aound your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.30 . The fixed cost is $117,600 and 21,000 units are sold at break-even. What is the price? What ia the variabie cost pee unit? Thie contribution margin per unit? Note + Do Nor round interim computabions. Round answers to the nearest cent
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