**Problem Statement:**Bluegill Company sells 15,500 units at $220 per unit. Fixed costs are $170,500, and operating income is $1,534,500. Determine the following:a. Variable cost per unit: $[___]b. Unit contribution margin: $[___] per unitc. Contribution margin ratio: [___] %**Explanation:**The problem requires determining the financial metrics needed to analyze the company's performance. The first step is calculating the variable cost per unit. Next, find the unit contribution margin by subtracting variable costs from the selling price. Finally, calculate the contribution margin ratio to understand the proportion of sales contributing to fixed costs and operating income.

Answered: Bluegill Company sells 15,500 units at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Sunn Company manufactures a single product that sells for $130 per unit and whose variable costs are $104 per unit. The company's annual fixed costs are $429,000. (a) Compute the company's contribution margin per unit. Contribution margin (b) Compute the company's contribution margin ratio. Numerator: Denominator: Contribution Margin Ratio %3D Contribution margin ratio (c) Compute the company's break-even point in units. Numerator: Denominator: Break-Even Units Break-even units %3D (d) Compute the company's break-even point dollars of sales. Numerator: Denominator: Break-Even Dollars %3D Break-even dollars %3D
I If the selling price per unit is $47. Total fixed costs are 55,500 and breakeven volume of sales are 280,000. find variable cost per unit?
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立
Penny Company sells 25,000 units at $75 per unit. Variable costs are $30 per unit, and operating loss is $(50,000). Determine the (a) unit contribution margin, (b) contribution margin ratio, and (c) fixed costs per unit at production of 25,000 units.
T1.
Information concerning a product produced by Ender Company appears here: Sales price per unit $ 158 Variable cost per unit $ 88 Total annual fixed manufacturing and operating costs $ 469,000 Required Determine the following: Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $133,000. Determine the margin of safety in units, sales dollars, and as a percentage.
Sally Company sells 39,000 units at $16 per unit. Variable costs are $11.20 per unit, and fixed costs are $82,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Operating income $
Total Variable cost is 490,000 OMR total units sold is 7000 units , total fixed cost is 80000 OMR , describe the production costs in the equation form y=f+vx
If selling price is $150 per unit, variable cost is $81 per unit, and fixed cost is $240, calculate the contribution margin ratio.
Molly Company sells 29,000 units at $48 per unit. Variable costs are $27.36 per unit, and fixed costs are $323,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
Bluegill Company sells 13,900 units at $120 per unit. Fixed costs are $83,400, and operating income is $417,000. 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 %
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; ?Annual fixed costs $96,000. What is the contribution margin percentage 47.5% a O 60% b 70% CO 52.5% d O None of the given answerse

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Bluegill Company sells 15,500 units at $220 per unit. Fixed costs are $170,500, and operating income is $1,534,500. Determine the following: a. Variable cost per unit b. Unit contribution margin c. Contribution margin ratio $ per unit %