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 85,000 units and has fixed cost of $353,900. The variable cost per unit is $0.40. What prion does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $90 and has fixed cost of $359,000. Next year, Sooner expects to sell 12,900 units and make operating income at 171,000. 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 % 3. Last year, Jasper Company earned operating income of $26,760 with a contribution margin ratio of 0.3. Actual revenue was $223,000. Calculate the total fixed cost Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.40. The fixed cost is $129,600 and 24,000 units are sold at break-even What is the price? What is the variabile cont per unit? The contribution margin per unit? Note: Do NOT round interim computations. Round answers to the nearest cent. Price When i 1. At the even point, Jefferson Company sells 85,000 units and has fixed cost of $353,900. The variable cost per unit is $0,40 What price does Jefferson there per un found to the nearest cent. 2. Sooner Industries charges a price of $90 and has fixed cost of $359,000. Next year, Sooner expects to sell 12,700 units and make operating income of $171,000. 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 % 3. Last year, Jasper Company earned operating income of $26,760 with a contribution margin ratio of 0.3. Actual revenue was $223,000. Calculate the total aed cont. Note: Round your answer to the nearest dollar, if required. 4. Laramie Company has variable cost ratio of 0.40. The fixed cost is $129,600 and 24,000 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. Price Variable cost per unit Contribution margin per unit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
