Contribution marginHarry Company sells 38,000 units at $11 per unit. Variable costs are $7.59 per unit, and fixed costs are $42,800.Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.a. Contribution margin ratio (Enter as a whole number.)31b. Unit contribution margin (Round to the nearest cent.)c. Operating income3.41216,360 X%per unit

Contribution margin :— It is the difference between sales and variable cost. Operating income :—…

Answered: Contribution margin Harry Company sells…

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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Contribution Margin Willie Company sells 39,000 units at $33 per unit. Variable costs are $22.11 per unit, and fixed costs are $191,100. 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 ? %b. Unit contribution margin (Round to the nearest cent.) $ fill in the blank ? per unitc. Operating income $ fill in the blank ?
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Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following projected income statement: Sales $88,000 Total variable cost 23,760 Contribution margin $64,240 Total fixed cost 43,800 Operating income $20,440 Required: 1. Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the nearest whole number. fill in the blank 1 % 2. Calculate the variable cost ratio. Note: Enter as a percent, rounded to the nearest whole number.fill in the blank 2 % 3. Calculate the break-even sales revenue for Ashton. Note: Round your answer to the nearest dollar. $fill in the blank 3 4. How could Ashton increase projected operating income without increasing the total sales revenue? Decrease the contribution margin ratio
Contribution Margin Sally Company sells 36,000 units at $11 per unit. Variable costs are $7.70 per unit, and fixed costs are $44,000. 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.) % b. Unit contribution margin (Round to the nearest cent.) per unit c. Income from operations
Contribution margin Amon Company sells 180,000 units at $185 per unit. Variable costs are $111 per unit, and fixed costs are $8,175,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio b. Unit contribution margin $ c. Operating income LA % per unit
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A-6
Contribution Margin Molly Company sells 32,000 units at $39 per unit. Variable costs are $29.25 per unit, and fixed costs are $174,700. 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.) $4 per unit c. Operating income
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
Contribution Margin Ratio a. Imelda Company budgets sales of $810,000, fixed costs of $62,000, and variable costs of $275,400. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 62%, sales were $596,000, and fixed costs were $273,440, what was the income from operations?
Contribution Margin United Merchants Company sells 20,000 units at $19 per unit. Variable costs are $16.15 per unit, and fixed costs are $25,100. 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.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations $
Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin, respectively, are a. 53% and $7 per unit b. 47% and $11 per unit c. 47% and $8 per unit d. 52% and $11 per unit

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