QUESTION 19 Pip's Puppy Company sells 2 products: dog collars with a sales price of $11.75...

Transcribed Image Text:

QUESTION 19 Pip's Puppy Company sells 2 products: dog collars with a sales price of $11.75 and a variable cost per unit of $6.75 and a leash with a sales price of $9.50 and a variable cost of $4.75. If the sales ratio is 4 collars for every 6 leashes, what is the weighted-average contribution margin per unit? O $8.50 O $48.50 O $4.85 O $0.25 QUESTION 20 Pip's Paint Company has monthly sales of $140,000 and a target operating income of $44,000 for the current month. If variable expenses are 35% of sales and the monthly fixed expenses are $67,000 what is the margin of safety needed if Pip achieves the targeted operating income? Ỏ The margin of safety will need to exceed the breakeven of $111,000. O The margin of safety will equal the target operating profit of $44,000. O The margin of safety will equal the fixed costs of $67,000. O The margin of safety will equal the breakeven dollars of $111,000. QUESTION 21 Boone Corporation is considering building a new plant in Canada. It predicts sales at the new plant to be 80,000 units at $4.00/unit. Below is a listing of estimated expenses: % of Annual Expense Total Annual Expenses $50,000 that are Fixed $40,000 $30,000 $70,000 Category Materials Labor Overhead Marketing/Admin 10% 10% O 9.72%. O 133.97%. O 66.03% 20% 50% A Canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. No U.S. home office expenses will be allocated to the new facility. The margin of safety percentage for the company is: (Round any intermediary percentage calculations to the nearest whole percent.) O 1.51%. 0.3 points 0.3 points 0.3 points Save Answer Save Answer Save Answer QUESTION 19 Pip's Puppy Company sells 2 products: dog collars with a sales price of $11.75 and a variable cost per unit of $6.75 and a leash with a sales price of $9.50 and a variable cost of $4.75. If the sales ratio is 4 collars for every 6 leashes, what is the weighted-average contribution margin per unit? O $8.50 O $48.50 O $4.85 O $0.25 QUESTION 20 Pip's Paint Company has monthly sales of $140,000 and a target operating income of $44,000 for the current month. If variable expenses are 35% of sales and the monthly fixed expenses are $67,000 what is the margin of safety needed if Pip achieves the targeted operating income? Ỏ The margin of safety will need to exceed the breakeven of $111,000. O The margin of safety will equal the target operating profit of $44,000. O The margin of safety will equal the fixed costs of $67,000. O The margin of safety will equal the breakeven dollars of $111,000. QUESTION 21 Boone Corporation is considering building a new plant in Canada. It predicts sales at the new plant to be 80,000 units at $4.00/unit. Below is a listing of estimated expenses: % of Annual Expense Total Annual Expenses $50,000 that are Fixed $40,000 $30,000 $70,000 Category Materials Labor Overhead Marketing/Admin 10% 10% O 9.72%. O 133.97%. O 66.03% 20% 50% A Canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. No U.S. home office expenses will be allocated to the new facility. The margin of safety percentage for the company is: (Round any intermediary percentage calculations to the nearest whole percent.) O 1.51%. 0.3 points 0.3 points 0.3 points Save Answer Save Answer Save Answer

Answer rating: 100% (QA)

The detailed answer for the above question is provided below SOLUTION Sure Id be happy to help Here are the answers to your questions QUESTION 19 1 850 The weightedaverage contribution margin per unit ... View the full answer