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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

FINANCIAL ACCOUNTING
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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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
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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