Bluegill Company sells 12,600 units at $140 per unit. Fixed costs are $88,200, and operating income is $793,800. Determine the (a) variable cost per unit, (b) unit contribution margin, and (c) contributionmargin ratio. Round the contribution margin ratio to two decimal places.a. Variable cost per unitb. Unit contribution marginc. Contribution margin ratioper unit%

Contribution margin: The difference between the sales and the variable costs is called contribution…

Answered: Bluegill Company sells 12,600 units at…

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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Morrison Company sells 124,000 units at $16 per unit. Variable costs are $12 per unit, and fixed costs are $144,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
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
Bluegill Company sells 14,600 units at $320 per unit. Fixed costs are $233,600, and operating income is $1,635,200. Determine the following: a. Variable cost per unit $fill in the blank 1 b. Unit contribution margin $fill in the blank 2 per unit c. Contribution margin ratio fill in the blank 3 %
Zeke Company sells 25,300 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $39,600. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin, respectively, are a. 2% and $7 per unit b. 53% and $15 per unit c. 2% and $15 per unit d. 53% and $8 per unit
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?
Li Company has a unit selling price of $150, unit variable costs of $45, and total fixed costs of $47,200. How much sales revenue must Li Company generate to achieve net income of $27,700. Sales revenue needed to achieve target net income $
Willie Company sells 30,000 units at $29 per unit. Variable costs are $20.30 per unit, and fixed costs are $138,300. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
Harry Company sells 15,000 units at $44 per unit. Variable costs are $30.36 per unit, and fixed costs are $63,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
Solve this attachment.
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
The Tom Company reports the following data. Sales $181,203 Variable costs 94,503 Fixed costs 35,700 Determine Tom Company's operating leverage. Round your answer to one decimal place.

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