At a production and sales level of 2,444 units, Bastion Company incurred $75,000 of fixed cost and $66,000 of variable cost. When 7,000 units of product are produced and sold the company's cost per unit is: Note: Round your final answer to whole dollars. Multiple Choice O $43. $55. $38. $54.

At a production and sales level of 2,444 units, Bastion Company incurred $75,000 of fixed cost and $66,000 of variable cost. When 7,000 units of product are produced and sold the company's cost per unit is: Note: Round your final answer to whole dollars. Multiple Choice O $43. $55. $38. $54.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Radison Enterprises sells a product for $57 per unit. The variable cost is $26 per unit, while fixed…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Variable manufacturing costs are $125 per unit, and fixed manufacturing costs are $206,800. Sales…

A: Solution- A- Absorption costing operating…

Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…

A: A financial management approach called cost-volume-profit (CVP) analysis looks at the connections…

Q: Steven Company has fixed costs of $394,092. The unit selling price, variable cost per unit, and…

A: First, compute the weighted contribution margin per unit as shown below: weighted contribution…

Q: Bluegill Company sells 13,700 units at $400 per unit. Fixed costs are $274,000, and income from…

A: Formula: Contribution margin = Selling price - variable cost Deduction of variable cost from selling…

Q: Gladstorm Enterprises sells a product for $45 per unit. The variable cost is $33 per unit, while…

A: Gladstorm Enterprises sells a product for $45 per unit. The variable cost is $33 per unit, while…

Q: Willie Company sells 27,000 units at $29 per unit. Variable costs are $17.11 per unit, and fixed…

A: 1.Contribution margin per unit= Sale price- Variable cost 2. Contribution margin ratio=…

Q: A product is sold at $80 per unit, the variable expense per unit is $20, and total fixed expenses…

A: Break-even sales in dollars refer to the level of sales at which a business covers all its costs and…

Q: Required: 1. Calculate the contribution margin per pound of the constraining resource for each…

A: Contribution Margin is the difference between the total sales and the total variable cost.Sometimes…

Q: Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs…

A: Contribution margin is the difference of selling price and the variable cost per unit. It is the…

Q: Rusty Co. sells two products: X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y.…

A: Assumeing that, given contribution margin is the fixed cost for breakeven analysis.Weighted unit…

Q: Ferrante Company sells 23,000 units at $50 per unit. Variable costs are $39.50 per unit, and fixed…

A: 1. CVP analysis is used to identify the changes in costs and volume that affect a company's…

Q: Hunter Ltd sells a unique product with the following information available: Sales price $85 per…

A: Fixed cost remains constant. They will not change by change in output. Thus for production and…

Q: Fanning Manufacturing Company established the following standard price and cost data: Sales price…

A: The variance analysis is very important because it helps in identifying the reason for the…

Q: Sally Company sells 39,000 units at $16 per unit. Variable costs are $11.20 per unit, and fixed…

A: We know that under marginal costing Operating income = Sales Revenue - Total Variable cost - Total…

Q: Mario Company has total fixed costs of $570,000. Total fixed and variable costs are $622,500 at a…

A: Lets start with some basic understanding about fixed cost and variable cost. Variable cost is a cost…

Q: WRT Disk company sells its disks for $107 per unit. Total fixed costs are $197,000 and variable…

A: Contribution margin represents the difference between sales revenue and variable costs, showing how…

Q: Bluegill Company sells 13,900 units at $120 per unit. Fixed costs are $83,400, and operating income…

A: The variable cost per unit can be calculated from the net operating income and sales data. The…

Q: Steven Company has fixed costs of $428,856. The unit selling price, variable cost per unit, and…

A: Break even sales is the dollar amount of revenue at which a business earns a profit of zero. This…

Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…

A: Marginal Income Statement:This is one of the income statements used, which is also called the…

Q: Lablanc Inc. sells a product for $91 per unit. The variable cost is $63 per unit, while fixed costs…

A: Contribution margin per unit = Sales price - variable costs = 91 - 63 = $28 per unit

Q: Ferrante Company sells 26,000 units at $12 per unit. Variable costs are $10.08 per unit, and fixed…

A: Unit contribution margin = Selling price - Unit variable cost Contribution margin ratio = Unit…

Q: Molly Company sells 23,000 units at $28 per unit. Variable costs are $21.56 per unit, and fixed…

A: The objective of the question is to calculate the contribution margin ratio, the unit contribution…

Q: United Merchants Company sells 17,000 units at $10 per unit. Variable costs are $6.40 per unit, and…

A: Formula: Contribution margin = Selling price - variable cost Deduction of variable cost from selling…

Q: Hilton Enterprises sells a product for $57 per unit. The variable cost is $29 per unit, while fixed…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Steven Company has fixed costs of $175,000. The unit selling price, variable cost per unit, and…

A: The Break-even point indicates that total units are to be sold by the business entity to recover its…

Q: uality Containers Industries Inc. has fixed costs of $368,000. The unit selling price, variable cost…

A: Break even points in units =Fixed costContribution margin per unit Computation of weighted average…

Q: Hilton Inc. sells a product for $94 per unit. The variable cost is $63 per unit, while fixed costs…

A: Solution A- Break even point = Fixed cost /Contribution per unit =…

Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…

A: Contribution Margin Ratio: When a company's revenues exceed its variable expenses, the difference is…

Q: moice $91,250 $401,500 $474,500

A: Break even point in sales dollars is the value of sales at which the sales revenue is equal to the…

Q: Zeus, Incorporated produces a product that has a variable cost of $6 per unit. The company's fixed…

A: TARGET SALES Target Sales is the Sale Required by the Company to Acheive the Desired Profit.…

Q: provide the answer with correct option with

A: Step 1: Introduction to Markup:Markup is the difference between the selling price of the company and…

Question

At a production and sales level of 2,444 units, Bastion Company incurred $75,000 of fixed cost and $66,000 of variable cost. When 7,000 units of
product are produced and sold the company's cost per unit is:
Note: Round your final answer to whole dollars.
Multiple Choice
$43.
$55.
$38.
$54.
Prey
20 of 26
MacBook Air
Next >
身

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Define cost:

VIEW

Step 2: Compute cost per unit:

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Zeta Company sells a single product with a selling price of $300 per unit. Per unit variable costs are $82.00 and total fixed costs are $127,500. The number of units Zeta needs to sell to achieve its target profit of $50,000 is closest to: 610 814 a. b. C. d. 1,555 2,165
Please help me
Your Company sells 3 products, A, B and C that use the same company, facility and resources. Details are below: A Average monthly units sold 10,000 2,000 8,000 Sales price per unit 2,000 1,000 5,000 Variable cost per unit 1,500 500 3,000 Total break even units are 1,000. 1. Calculate: i. Quantity and value of units of each A, B and C at breakeven Fixed cost based on the data given above ii. 2. Without making further calculations, explain that if fixed cost increases by 10% what impact would this have on the break-even point?
Willie Company sells 34,000 units at $47 per unit. Variable costs are $32.43 per unit, and fixed costs are $213,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Operating income $fill in the blank 3
Tackett Company sells a single product for $75 cach. the variable costs are $45 cach. Total fixed costs are $225,600. How many units must the company sell to achieve operating income of $90,000? O A. 7013 O B. 10520 O C. 6230 O D.4208
Variable manufacturing costs are $120 per unit, and fixed manufacturing costs are $82,500. Sales are estimated to be 6,600 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 6,600 units and a plan to produce 7,500 units?fill in the blank 1 of 1$ b. How much would variable costing operating income differ between the two production plans?$fill in the blank 1 of 1
blanc Inc. sells a product for $67 per unit. The variable cost is $41 per unit, while fixed costs are $160,888. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $75 per unit. a. Break-even point in sales units fill in the blank 1 units b. Break-even point if the selling price were increased to $75 per unit fill in the blank 2 units
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
please provide correct option and give explanation and provide Definition
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 50,000 Variable expenses 27,500 Contribution margin 22,500 Fixed expenses 14,850 Net operating income $ 7,650 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.)
United Merchants Company sells 20,000 units at $27 per unit. Variable costs are $16.20 per unit, and fixed costs are $108,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3
Help