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COLLARS   LEASHES   HARNESSES                 Sales Price  $                 24.00    $                 22.00    $                 35.00                 Fixed Costs  $                      -      $                      -      $                      -                   Contribution Margin  $                 14.90    $                   9.90    $                 20.40                 Break-Even Units (round up)                          -                              -                              -                                               Target Profit  $               300.00    $               400.00    $               500.00                 Break-Even Units (round up)                          -                              -                              -                                               Target Profit  $               500.00    $               600.00    $               650.00                 Break-Even Units (round up)                          -                              -                              -

COLLARS   LEASHES   HARNESSES                 Sales Price  $                 24.00    $                 22.00    $                 35.00                 Fixed Costs  $                      -      $                      -      $                      -                   Contribution Margin  $                 14.90    $                   9.90    $                 20.40                 Break-Even Units (round up)                          -                              -                              -                                               Target Profit  $               300.00    $               400.00    $               500.00                 Break-Even Units (round up)                          -                              -                              -                                               Target Profit  $               500.00    $               600.00    $               650.00                 Break-Even Units (round up)                          -                              -                              -

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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  COLLARS   LEASHES   HARNESSES  
             
Sales Price  $                 24.00    $                 22.00    $                 35.00  
             
Fixed Costs  $                      -      $                      -      $                      -    
             
Contribution Margin  $                 14.90    $                   9.90    $                 20.40  
             
Break-Even Units (round up)                          -                              -                              -    
             
             
             
Target Profit  $               300.00    $               400.00    $               500.00  
             
Break-Even Units (round up)                          -                              -                              -    
             
             
             
Target Profit  $               500.00    $               600.00    $               650.00  
             
Break-Even Units (round up)                          -                              -                              -    
             
             
1 2 1345 3 Milestone Two - Contribution Margin Analysis 6 8 Sales Price per Unit 9 Variable Cost per Unit 11 Contribution Margin 12 $ $ COLLARS 24.00 9.10 14.90 $ $ LEASHES 22.00 12.10 9.90 $ $ HARNESSES 35.00 14.60 20.40
Transcribed Image Text:1 2 1345 3 Milestone Two - Contribution Margin Analysis 6 8 Sales Price per Unit 9 Variable Cost per Unit 11 Contribution Margin 12 $ $ COLLARS 24.00 9.10 14.90 $ $ LEASHES 22.00 12.10 9.90 $ $ HARNESSES 35.00 14.60 20.40
Milestone One - Variable and Fixed Costs Collars Item High-tensile strength nylon webbi $ Polyester/nylon ribbons $ Buckles made of cast hardware Price tage Total Variable Costs per riable Cost/Item 4.00 3.00 2.00 0.10 Leashes Item High-tensile strength nylon webbi $ Polyester/nylon ribbons $ Buckles made of cast hardware $ Price tags Harnesses 9.10 riable Cost/ltem 6.00 4.50 1.50 0.10 Total Variable Costs per___$_ 12.10 Item High-tensile strength nylon webbi $ Polyester/nylon ribbons Buckles made of cast hardware $ Price tags $ riable Cost/ltem 6.00 4.50 4.00 0.10 Total Variable Costs per___$_ 14.60 Item $ Collar maker's salary (monthly) Depreciation on sewing machines $ $ $ $ $ $ Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Fixed Costs Item Leach maker's salary (monthly) Depreciation on sewing machines Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Fixed Costs Rent Utilities and insurance Scissors, thread, and cording Fixed Costs 2,773.33 55.00 250.00 200.00 400.00 Loan Salary to self Total Fixed Costs $4,028.33 Fixed Costs 2,773.33 55.00 250.00 200.00 400.00 183.33 166.67 $ $ Item Harness maker's salary $ Depreciation on sewing machines $ $ $ $ ↑ $ 183.33 166.67 $ $ $ $ $ $4,028.33 Fixed Costs 2,946.67 55.00 250.00 200.00 400.00 183.33 166.67 $4,201.67
Transcribed Image Text:Milestone One - Variable and Fixed Costs Collars Item High-tensile strength nylon webbi $ Polyester/nylon ribbons $ Buckles made of cast hardware Price tage Total Variable Costs per riable Cost/Item 4.00 3.00 2.00 0.10 Leashes Item High-tensile strength nylon webbi $ Polyester/nylon ribbons $ Buckles made of cast hardware $ Price tags Harnesses 9.10 riable Cost/ltem 6.00 4.50 1.50 0.10 Total Variable Costs per___$_ 12.10 Item High-tensile strength nylon webbi $ Polyester/nylon ribbons Buckles made of cast hardware $ Price tags $ riable Cost/ltem 6.00 4.50 4.00 0.10 Total Variable Costs per___$_ 14.60 Item $ Collar maker's salary (monthly) Depreciation on sewing machines $ $ $ $ $ $ Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Fixed Costs Item Leach maker's salary (monthly) Depreciation on sewing machines Rent Utilities and insurance Scissors, thread, and cording Loan payment Salary to self Total Fixed Costs Rent Utilities and insurance Scissors, thread, and cording Fixed Costs 2,773.33 55.00 250.00 200.00 400.00 Loan Salary to self Total Fixed Costs $4,028.33 Fixed Costs 2,773.33 55.00 250.00 200.00 400.00 183.33 166.67 $ $ Item Harness maker's salary $ Depreciation on sewing machines $ $ $ $ ↑ $ 183.33 166.67 $ $ $ $ $ $4,028.33 Fixed Costs 2,946.67 55.00 250.00 200.00 400.00 183.33 166.67 $4,201.67
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