Please provide correct answer general Accounting Hollis Industries produces flash drives for computers, whichit sells for $20 each. Each flash drive costs $12 of variablecosts to make. During April, 1,000 drives were sold. Fixedcosts for March were $2 per unit for a total of $1,000 for themonth. How much is the contribution margin ratio?a) 30%b) 40%c) 60%d) 70%

Step 1: Define Contribution MarginThe contribution margin is the difference between the selling…

Answered: Hollis Industries produces flash drives…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

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Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

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Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.
Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.
Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?
Company A wants to earn $5,000 profit in the month of January. If their fixed costs are $10,000 and their product has a per-unit contribution margin of $250, how many units must they sell to reach their target income? A.20 B. 40 C. 60 D. 120
Cop
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio? 30% 40% 60% 70%
Aa
Swifty Corporation produces flash drives for computers, which it sells for $15 each, Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fied costs for April were $1000. How much is the contribution margin ratio? O 45% O 73% O 27% O 40%
Coronado Industries produces flash drives for computers, which it sells for $15 each. Each flash drive costs $9 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? 27% 45% 40% 73%
Crane Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $7 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? 55% 45% 35% 65%
Waterway Industries produces flash drives for computers, which it sells for $26 each. The variable cost to make each flash drive is $13. During April, 800 drives were sold. Fixed costs were $1400 for the month. How much is the monthly break-even level of salles in dollars for Waterway? O $2800 O $16000 O $108 $8800

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