1Travel agency reported that last week they had the following trips booked. Day Costs Trips booked Monday 800 1200 Tuesday 600 1300 Wednesday 500 1400 Thursday 1000 1600 Friday 400 900 Saturday 300 800 Sunday 200 600 Calculate the Variable cost per unit?

1Travel agency reported that last week they had the following trips booked. Day Costs Trips booked Monday 800 1200 Tuesday 600 1300 Wednesday 500 1400 Thursday 1000 1600 Friday 400 900 Saturday 300 800 Sunday 200 600 Calculate the Variable cost per unit?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

pare.2
Rundle Corporation sells products for $28 each that have variable costs of $11 per unit. Rundle's annual fixed cost is $404,600. Mc Graw Hill mou Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Break-even point in units Break-even point in dollars
2. Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500. The following names are to be considered when completing this problem: Operating Income Variable Costs Sales Fixed Costs per Unit Selling Price per Unit Variable Cost per Unit Contribution Margin Fixed Costs Operating Loss What is the company’s break-even point in units? . Use commas as needed (i.e. 1,234). What is the company’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Using the names listed above, construct a contribution margin income statement for the month of September when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Maple Enterprises Contribution Margin Income Statement For the Month of September How many units will Maple need to sell in…
REQUIRED Calculate the number of orders that should be placed based on the quantity that will keep the cost of placing the orders and the holding costs at a minimum. INFORMATION The following information was supplied by KL Suppliers for the only product that it sells: Monthly demand Unit cost Fixed cost per order Carrying cost per unit EOQ 300 units R20 R25 10% of the unit cost 300 units
Develop an equation for total monthly production costs. Total Monthly Production costs = Fixed Costs + Variable Costs = _____________ + ($ per unit X Number of units) Predict total costs for a monthly production volume of 9,000 units.
Vala
Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $32 per unit, while fixed costs are $16,200. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units fill in the blank 1 units b. Break-even point in sales units if the selling price increased to $62 per unit fill in the blank 2 units
Massey Company reported the following data regarding the product it sells: Sales price $ 25 Contribution margin ratio 40 % Fixed costs $ 810,000 Massey Company reported the following data regarding the product it sells: Sales Price: $25 Contribution margin ratio: 40% fixed cost: 810,000 Required Use the contribution margin ratio approach and consider each requirement separately. If the sales price increases to $30 and variable costs do not change, what is the new break-even point in dollars? In units?
Waterman's WaterWorld Tourist Park has collected the following data for operations for the year. Total revenues Total fixed costs Total variable costs Total tickets sold $ 2,300,000 $ 671,375 1,275,000 50,000 $ Required: a. What is the average selling price for a ticket? b. What is the average variable cost per ticket? a Average selling price b. Average variable cost c. Average contribution margin d. Break-even point e. Number of tickets c. What is the average contribution margin per ticket? Note: Do not round Intermediate calculations. d. What is the break-even point? Note: Do not round Intermediate calculations. e. Waterman's management has decided that unless the operation can earn at least $164,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $164,000 operating profit for the year on ticket sales? Note: Do not round Intermediate calculations. per ticket per ticket per ticket tickets tickets
Gladstorm Enterprises sells a product for $46 per unit. The variable cost is $29 per unit, while fixed costs are $19,227. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units fill in the blank 1 units b. Break-even point in sales units if the selling price increased to $58 per unit fill in the blank 2 units