Question: Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1.
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each of the following independent situations, calculate the amount(s) required. Required: 1. At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $353,700. The variable cost per unit is $0.25. What price does Jefferson charge per unit? Note: Round to the nearest cent. 3.97 2. Sooner Industries charges a price of $122 and has fixed cost of $337,000. Next year. Sooner expects to sell 18,100 units and make operating income of $191,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Variable cost per unit Contribution margin ratio X% 3. Last year, Jasper Company earned operating income of $26,520 with a contribution margin ratio of 0.3. Actual revenue was $221,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.30. The fixed cost is $87.500 and 25,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note: Do NOT round interim computations, Round answers to the nearest cent Pride Variable cost per unit Check My Work PO a
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