Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for the period October through December, the company's third quarter: Belleterre Tile Revenues and Costs Third Quarter Total quantity sold Total revenues Total variable costs Total fixed costs 127,000 tiles $ 495,300 374,650 114,000 Required: a. What is the average selling price per tile? Note: Round your final answer to 2 decimal places. b. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. c. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. a. Average selling price b. Average variable cost In Average contribution margin e. What is the break-even point? Note: Do not round intermediate calculations. 1. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $15,200, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $15,200 in quarterly operating profit? Note: Do not round intermediate calculations. per tile per tile per te
Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for the period October through December, the company's third quarter: Belleterre Tile Revenues and Costs Third Quarter Total quantity sold Total revenues Total variable costs Total fixed costs 127,000 tiles $ 495,300 374,650 114,000 Required: a. What is the average selling price per tile? Note: Round your final answer to 2 decimal places. b. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. c. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. a. Average selling price b. Average variable cost In Average contribution margin e. What is the break-even point? Note: Do not round intermediate calculations. 1. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $15,200, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $15,200 in quarterly operating profit? Note: Do not round intermediate calculations. per tile per tile per te
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for
the period October through December, the company's third quarter:
Belleterre Tile
Revenues and Costs
Third Quarter
Total quantity sold
Total revenues
Total variable costs
Total fixed costs
127,000 tiles
$ 495,300
374,650
114,000.
Required:
a. What is the average selling price per tile?
Note: Round your final answer to 2 decimal places.
b. What is the average variable cost per tile?
a. Average selling price
b. Average variable cost
c. Average contribution margin.
d. Current operating profit
e. Break-even point
f. Number of tiles
Note: Round your final answer to 2 decimal places.
c. What is the average contribution margin per tile?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
d. What is the current operating profit for a quarter?
Note: Do not round intermediate calculations.
e. What is the break-even point?
Note: Do not round intermediate calculations.
f. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $15,200, they will liquidate
the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $15,200 in quarterly operating profit?
Note: Do not round intermediate calculations.
per tile
per tile
per tile
tilos
tiles
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