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 $350,900. The variable cont per unit is $0.20. What price does Jefferson charge per unit? Note: Round to the nearest cent. 2. Sooner Industries charges a price of $146 and has fixed cost of $333,000. Next year, Sooner expects to sell 10,200 units and make operating Income of $188,000. 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 in Accounting sumeti lield contribution margin ratio of 0.25. Actual revenue was $239,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, it required, 4. Laramie Company has variable cost ratio of 0.45. The fixed cost is $113,850 and 23.000 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
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