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:

At the break$-$even point, Jefferson Company sells $115,000$ units and has fixed cost of $$345,700.$ The variable cost

per unit is $$0\mathrm{.}10.$ What price does Jefferson charge per unit? Note: Round to the nearest cent.

s

$x$

Sooner Industries charges a price of $$127$ and has fixed cost of $$341,500.$ Next year, Sooner expects to sell $14,300$

units and make operating income of $$199,000.$ 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

$

per unit

Contribution margin ratio

Last year, Jasper Company earned operating income of $$26,640$ with a contribution margin ratio of $0\mathrm{.}3.$ Actual

revenue was $$222,000.$ Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if

required.

$$

Laramie Company has variable cost ratio of $0\mathrm{.}40.$ The fixed cost is $$172,800$ 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