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 126,800 tiles Total revenues $ 489,448 Total variable costs 371,524 Total fixed costs 111,600 Required: What is the average selling price per tile? Note: Round your final answer to 2 decimal places. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. What is the break-even point? Note: Do not round intermediate calculations. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $20,646, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $20,646 in quarterly operating profit? Note: Do not round intermediate calculations.
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 126,800 tiles Total revenues $ 489,448 Total variable costs 371,524 Total fixed costs 111,600 Required: What is the average selling price per tile? Note: Round your final answer to 2 decimal places. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. What is the break-even point? Note: Do not round intermediate calculations. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $20,646, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $20,646 in quarterly operating profit? Note: Do not round intermediate calculations.
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...
Related questions
Question
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 | 126,800 | tiles |
|---|---|---|
| Total revenues | $ 489,448 | |
| Total variable costs | 371,524 | |
| Total fixed costs | 111,600 |
Required:
- What is the average selling price per tile?
Note: Round your final answer to 2 decimal places.
- What is the
average variable cost per tile?Note: Round your final answer to 2 decimal places.
- What is the average contribution margin per tile?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- What is the current operating profit for a quarter?
Note: Do not round intermediate calculations.
- What is the break-even point?
Note: Do not round intermediate calculations.
- The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $20,646, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $20,646 in quarterly operating profit?
Note: Do not round intermediate calculations.
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