Answer the following questions based on the given information: Sales Units 500,000 Total Sales $50,000,000 Total Variable Cost $35,000,000 Total Fixed Cost $10,000,000 What is Total Contribution Margin? What is Contribution Margin Per Unit? What is the Contribution Margin Ratio?

Answer the following questions based on the given information: Sales Units 500,000 Total Sales $50,000,000 Total Variable Cost $35,000,000 Total Fixed Cost $10,000,000 What is Total Contribution Margin? What is Contribution Margin Per Unit? What is the Contribution Margin Ratio?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Check
Lorri’s income statement is as follows: Sales* $60,000 Less variable costs (19,200) Contribution margin $40,800 Less fixed costs (9,600) Net income $31,200 * 5,000 units sold What is the unit contribution margin?
Compute the missing amounts for the following table: Compute the missing amounts. ( Enter the contribution margin ratio to the nearest percent, X%)
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: A B C Number of units 1,720 units 14,920 units 4,620 units Sales price per unit $ 1,800 $ 4,500 $ 5,550 Variable costs per unit 720 3,600 1,665 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
Q3. If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the contribution margin ratio? Answer: ______________________________________________________________________ Explain your answer: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Compute the table below for the missing amounts. Compute the missing amounts, starting wit scenario A, then for the scenarios B and C
Calculate the breakeven point and contribution margin. Breakeven point 38,550 units Fixed cost $ 77,100 Contribution margin Selling price per unit $ 5 Variable cost per unit 3
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $15 Direct labor 10 Factory overhead $451,600 Selling expenses: Sales salaries and commissions 93,800 Advertising 31,800 Travel 7,100 Miscellaneous selling expense 7,800 Administrative expenses: Office and officers' salaries 91,700 Supplies 11,300 Miscellaneous administrative expense 10,500 Total $705,600 $42 It is expected that 10,800 units will be sold at a price of $140 a unit. Maximum sales within…
(a) What is the gross margin now? (b) What is the net operating income now? (c) What is the contribution margin now?
Consider the following: (Click the icon to view the cases.) Requirement 1. Fill in the blanks for each of the independent cases. (a) Selling Price (b) (c) (d) (e) (f) Variable Cost Total Total Contribution Total Fixed Case per Unit per Unit Units Sold Margin Costs Net Income 12345 £ 25 128,000 £ 1,024,000 £ 953,000 13 4 100.000 823,000 22 13 243,000 13,000 29 23 65,000 25,000 12 80.000 240,000 192,000
The controller of Ashton Company prepared the following projected income statement: Sales $97,000 Total variable cost 32,850 Total fixed cost 43,800 Operating income $20,440 Required: Calculate the contribution margin ratio?
how do I explain this? Metric Score Percent of Total Possible Contribution Margin 4.7 /5 Plant Utilization 5.0 /5 Days of Working Capital 5.0 /5 Stock-out Costs 5.0 /5 Inventory Carrying Costs 3.6 /5 Overall Score 23.3 /25

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Answer the following questions based on the given information:

Sales Units		500,000
Total Sales		$50,000,000
Total Variable Cost		$35,000,000
Total Fixed Cost		$10,000,000

What is Total Contribution Margin?
What is Contribution Margin Per Unit?
What is the Contribution Margin Ratio?