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 $353,800. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Round to the nearest cent. $fill in the blank 1

2. Sooner Industries charges a price of $115 and has fixed cost of $412,000. Next year, Sooner expects to sell 15,300 units and make operating income of $151,000. What is the variable cost per unit? What is the contribution margin ratio? 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	$fill in the blank 2
Contribution margin ratio	fill in the blank 3	%

3. Last year, Jasper Company earned operating income of $14,640 with a contribution margin ratio of 0.15. Actual revenue was $244,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required. $fill in the blank 4

4. Laramie Company has variable cost ratio of 0.3. The fixed cost is $107,000 and 24,200 units are sold at breakeven. What is the price? What is the variable cost per unit? The contribution margin per unit? (Round answers to the nearest cent.)

Price	$fill in the blank 5
Variable cost per unit	$fill in the blank 6
Contribution margin per unit	$fill in the blank 7