Question: Question 2. (8 Marks) Case 6 (1 Mark) A company has fixed costs of $90,000. Its contribution margin ratio is 30% and the product sells

Question 2. (8 Marks)

Case 6 (1 Mark) A company has fixed costs of $90,000. Its contribution margin ratio is 30% and the product sells for $75 per unit. What is the company's break-even point in dollar sales?

Case 7 (1 Mark) Lee Company manufactures and sells widgets for $2.00 per unit. Its variable cost per unit is $1.70. Lee's total fixed costs are $10,500. If the Company wants a profit of $20,000 what is the sales revenue required?

Case 8 (1 Mark) The Haskins Company manufactures and sells radios. Each radio sells for $23.75 and the variable cost per unit is $16.25. Haskin's total fixed costs are $25,000, and budgeted sales are 8,000 units. If actual sales are 10,000 units what is the Margin of safety?

What is the contribution margin per unit?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 2. (8 Marks) Case 1 (1 Mark). If fixed costs are $17,000,000 with breakeven units at 400,000 and the variable cost is $17,000,000 what is the unit sales price at the breakeven point? Case 2...

This assignment is very urgent! Be as Accurate as possible providing explanations to each answer. Chapter 1 1.Managerial Accounting and Financial Accounting differ in the following way: A. Financial...

i need step by step calculations of the problems in the exam. University of Connecticut School of Business Managerial Accounting - Accounting 2101 Exam 2 - F13 - W October 29, 2013 Student:...

I need step by step solutions for the questions that that requires calculations. i already have the answers but seeing how the calculations are done will help me to understand the material much...

most of the problems in the exams are word problems. i only need step by step solutions for the problems i have to calcuate. i have the exams and the answers attached. can u help me? \fUniversity of...

A company has fixed costs of S90.000 its contribution margin ratio is 30% and the product sells for $75 per unit What is the company's break-even point in dollar sales? 6. $60,000 $128,571 $180,000...

6. A company has fixed costs of S90.OO its contribution margin ratio is 30% and the product sells for $75 per unit. What is the company's break-even point in dolar sales? $60,000 $128,571 $180,000...

1.A company has fixed costs of $99,450. Its contribution margin ratio is 39% and the product sells for $57 per unit. What is the company's break-even point in dollar sales? 2.Barclay Bikes...

28. A company manufactures and sells a product for $91 per unit. The company's fixed costs are $859,716 and its variable costs are $25 per unit. What is the company's break- even point in dollars?...

Please help me with the following questions. you are required to submit supporting calculations on all questions that require calculations. Some questions do not require calculations. If a question...

You stand 20 ft from a bottle rocket on the ground and watch it as it takes off vertically into the air at a rate of 17 fusec. Find the rate at which the angle of elevation from the point on the...

If firms produce identical products and have the same constant marginal cost, m, explain why the Nash- Bertrand equilibrium price and market quantity are the same regardless of whether there are two...

How are specialist research practices used and by whom?

Which of the following statements best distinguishes between consumer neeas and wants? Needs are far more influential than wants with respect to marketing decision making. Wants affect marketing...

=+4. Look at Marks & Spencers Plan A Web site (http://plana.marksandspencer.com/). What are your impressions? Do

=+3. Go to the Web site for the movie documentary, The Corporation (http://www.thecorporation.com/). Have a look at the trailer posted on the site.195 Is this kind of commentary helpful to those...

=+4. Think of an example of a corporation that you feel has been hypocritical in terms of its ethical or CSR stance. What is your reaction to the companys actions? Would you consider boycotting the...