Green Valley Manufacturing has sales of $750,000, variable costs of $450,000, and fixed costs of $200,000. What is the contribution margin ratio?
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- Which of the following formulas is used to calculate the contribution margin ratio? (Sales − Total costs) ÷ Sales. (Sales − Fixed costs) ÷ Sales. (Sales − Cost of goods sold) ÷ Sales. (Sales − Variable costs) ÷ Sales. Honeysuckle Manufacturing has the following data: Selling Price $ 60 Variable manufacturing cost $ 33 Fixed manufacturing cost $ 250,000 per month Variable selling & administrative costs $ 9 Fixed selling & administrative costs $ 120,000 per month What dollar sales volume does Honeysuckle need to achieve a $50,000 operating profit per month? $933,333. $1,233,333. $7,560,000. $1,400,000. With regard to the CVP graph, which of the following statements is not correct? The CVP graph assumes that fixed costs are constant in total within the relevant range. The CVP graph assumes that selling prices do not change. The CVP graph assumes that variable costs…Management believes it can sell a new product for $6.50. The fixed costs of production are estimated to be $5,500, and the variable costs are $2.50 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Losses) 0 $ $ $ $ $ 500 $ $ $ $ $ 1,000 $ $ $ $ $ 1,500 $ $ $ $ $ 2,000 $ $ $ $ $ 2,500 $ $ $ $ $ 3,000 $ $ $ $ $ Determine the break-even level using the above table and use the Exhibit 19.5 to confirm the break-even level of output. Round your answers for the break-even level to the nearest whole number. Round your answers for the fixed costs, variable costs, total costs,…Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 1200 and the total revenue function R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans
