A jeans maker is designing a new line of jeans called Slams. Slams will sell for $300 per unit and cost $195.00 per unit in variable costs to make. Fixed costs total $67,500. Note: Round your answers to 2 decimal places. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 1 DEDESUNTARESS 1 Denominator: 3. Compute income if 6,500 units are produced and sold Income = Contribution Margin Ratio Contribution margin ratio 0

A jeans maker is designing a new line of jeans called Slams. Slams will sell for $300 per unit and cost $195.00 per unit in variable costs to make. Fixed costs total $67,500. Note: Round your answers to 2 decimal places. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 1 DEDESUNTARESS 1 Denominator: 3. Compute income if 6,500 units are produced and sold Income = Contribution Margin Ratio Contribution margin ratio 0

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...

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Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,500 units, and monthly production costs for the production of 1,200 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($100 fixed) Supervisor's salary. Maintenance ($250 fixed) Depreciation Total Cost $ 2,700 8,100 Suppose it sells each birdbath for $26. Required: 580 3,200 530 750 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,400 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round Variable cost…
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Marikina Shoe Manufacturing Company will produce a special-style shoe if the order size is large enough to provide a reasonable profit. For each special -style order, the company incurs a fixed cost of P20,000 for the production set up. The variable cost is P600 per pair, and each pair sells for P800. a. Let x indicate the number of pairs of shoes produced. Develop a mathematical model for total cost of producing x paiars of shoes. b. Let P indicate the total profit. Develop a mathematical model for the total profit realized from an order for x pairs of shoes. c. How large must the order be for Marikina to breakeven?
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Sabrina Inc. sells table for $110. The unit variable cost per table is $85. Fixed costs total $475,000. Required: a What is the contribution margin per table? b. What is the breakeven point in table? C. How many table must be sold to earn a pretax income of $450 000? d. What is the margin of safety, assuming 33 000 tires are sold?
Atlantic Manufacturing produces and sells children’s bikes at an average price of $80. Its costs are as follows: direct materials = $15; direct labour = $7; variable overhead = $3; sales commission is 5% of price. Its fixed monthly costs are $50,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y=___+___x 2. What is the company’s contribution margin percentage? (Round your answer to 2 decimal places.) Contribution Margin %
Zulu sells its waterproof phone case for $100 per unit. Fixed costs total $177,000, and variable costs are $38 per unit. Compute the units that must be sold to get a target income of $210,500. Units to be sold to achieve targeted income Numerator: Denominator: Units to Achieve Target Units to achieve target %3D
Gladstorm Enterprises sells a product for $48 per unit. The varlable cost is $32 per unit, while fxed costs are $10,560. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units units b. Break-even point in sales units if the selling price Increased to $62 per unit units