Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per deskunit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330.Required:1. Compute the weighted-average contribution margin.2. Compute the break-even point in units.3. Compute the number of units of each product that would be sold at the break-even point.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Compute the weighted-average contribution margin. (Round your final answer to the nearest whole number.)Weighted-average contribution margin< Required 1Required 2 >Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per deskunit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330.Required:1. Compute the weighted-average contribution margin.2. Compute the break-even point in units.3. Compute the number of units of each product that would be sold at the break-even point.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Compute the break-even point in units. (Do not round your intermediate calculations and round your final answer up to thenearest whole unit.)Break-even pointunits< Required 1Required 3 > Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per deskunit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330.Required:1. Compute the weighted-average contribution margin.2. Compute the break-even point in units.3. Compute the number of units of each product that would be sold at the break-even point.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Compute the break-even point in units. (Do not round your intermediate calculations and round your final answer up to thenearest whole unit.)Break-even pointunits< Required 1Required 3 >Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per deskunit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330.Required:1. Compute the weighted-average contribution margin.2. Compute the break-even point in units.3. Compute the number of units of each product that would be sold at the break-even point.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Compute the number of units of each product that would be sold at the break-even point.DeskChairsUnit sales< Required 2Required 3LA

Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per desk unit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330. Required: 1. Compute the weighted-average contribution margin. 2. Compute the break-even point in units. 3. Compute the number of units of each product that would be sold at the break-even point. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the weighted-average contribution margin. (Round your final answer to the nearest whole number.) Weighted-average contribution margin < Required 1 Required 2 >

Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,160 per desk unit and $690 per chair. Variable costs are $695 per desk unit and $345 per chair. Fixed costs are $204,330. Required: 1. Compute the weighted-average contribution margin. 2. Compute the break-even point in units. 3. Compute the number of units of each product that would be sold at the break-even point. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the weighted-average contribution margin. (Round your final answer to the nearest whole number.) Weighted-average contribution margin < Required 1 Required 2 >

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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Furillo Furriers has a contribution margin ratio of 80 percent and must sell 12,000 stoles at a unit price of $400 to break even I Compute total fixed costs. a. Compute variable cost per unit b. Develop the company's cost formula.
Staley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $ 420 100.00 Variable costs 217 51.67 Unit contribution margin $ 203 48.33 Assume that Staley Co. is currently selling 550 computer monitors per month and monthly fixed costs are $79,300.Staley Co.'s margin of safety ratio (MOS%) if 550 units are sold would be (round intermediate calculation up to nearest whole number of units): Multiple Choice 41.81%. 26.11%. 28.91%. 27.91%. 82.91%.
Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales). Selling prices are $1,180 per desk unit and $670 per chair. Variable costs are $710 per desk unit and $335 per chair, Fixed costs are $195,520 Required: 1. Compute the weighted average contribution margin 2. Compute the break-even point in units. 3. Compute the number of units of each product that would be sold at the break-even point. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the weighted average contribution margin. (Round your final answer to the nearest whole number.) Weighted average contribution margin
Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $ 480,000, and fixed selling and administrative costs are $240, 000 per year. Required: Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. d. Confirm your results by preparing a contribution margin income statement in excel for the break - even sales volume.
Estela Company produces skateboards and scooters. Their per unit selling prices and variable costs follow. Skateboards require 2 machine hours per unit. Scooters require 3 machine hours per unit. Selling price per unit Skateboards $ 200 Scooters) $ 400 120 310 Variable costs per unit (a) Compute the contribution margin per unit (b) Compute the contribution margin per machine hour (a) Contribution margin pet und Contion margm per machine hour Skateboards Scooters
3. JJ Manufacturing builds and sells switch harnesses for glove boxes. The sales price and variable cost for each follows: Product Selling price per unit Variable cost per unit Trunk switch $60.00 $28.00 Gas door switch $75.00 $33.00 Glove box light $40.00 $22.00 Their sales mix is reflected in the ratio 4:4:1. What is the overall Composite Unit Contribution Margin for JJ Manufacturing with their current product mix? If annual fixed costs shared by the three products are $18,840, how many units of each product are to be sold in order for JJ Manufacturing to break even? Trunk Switch? Gas Door Switch? Glove Box Light? Determine their break-even point in sales dollars. Trunk Switch? Gas Door Switch? Glove Box Light?
A Company wants to introduce new product. The estimated price of each mobile phone is RO 60. The company requires a profit margin of 20% on sales. The estimated cost of manufacturing the product is : Material cost : RO 9.500 Labour Cost : RO 12.750 Other Direct Expenses : RO 7.500 Administrative Costs : RO 5.000 Marketing and Selling expenses : RO 15.000 Calculate the Target Cost of the product and the Target Cost Gap.
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Corporation C is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for P133.60 per unit. Sales volume (units) 4,000 5,000 Cost of sales P383,600 P479,500 SGA costs 124,400 136,000 The best estimate of the total contribution margin when 4,300 units are sold is: (show formula and solution) b. P162,110 c. P28,380 a. P112,230 d. P45,150
Olsen Company produces two products. Product A has a contribution margin of $30 and requires 10 machine hours. Product B has a contribution margin of $24 and requires 4 machine hours. Determine the more profitable product assuming the machine hours are the constraint. Unit contribution margin per bottleneck hour:Product A $_____Product B $_____ Product ____ is most profitable.
Asco Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. please see image attached. Required: 1: If 25,000 units are produced, what is the variable cost per unit? 2: If 16,000 units are produced, what is the variable cost per unit? 3: Comment briefly on your answers to (a) and (b). 4: If 18,000 units are produced, what are the total variable costs?