Scrambling, Debra has gone back to her original supplier of collars, which thankfully now has a large quantity it can ship to her.These collars cost $0.60 each, and the company can get enough of them to go back and fix the collars on the recently ruined batch,plus put some into the warehouse for a future batch. In order to fix the botched T-shirts, though, Pharoah-T will need to incur anextra $2 per shirt in labor costs to carefully remove the bad collars and re-attach the new ones. These reworked shirts should stillbe salable to retailers at the regular selling price.How much gross margin per unit will Pharoah-T generate if it fixes and sells these reworked shirts? (Round answer to 2 decimalplaces, e.g. 15.25.)Gross margin$GA/unit

· Ratio analysis used to identify the business performance of the company.· It is used to measure…

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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, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $11.20 per custom skin, the price is $16, and fixed costs are $105,600. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. 105,588 X per custom skin Accounting numeric field custom skins 2. How mal 3. If Cheetah Company sells 23,000 custom skins, what is the operating income? heetah Company sell to break even? 4. Calculate the margin of safety in units and in sales revenue if 23,000 custom skins are sold. Margin of safety in units Margin of safety in sales revenue Feedback Check My Work units 1. Calculate contribution margin per unit (Price - Variable cost).
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Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $11.70 per custom skin, the price is $18, and fixed costs are $152,460. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. per custom skin 2. How many custom skins must Cheetah Company sell to break even? custom skins 3. If Cheetah Company sells 25,000 custom skins, what is the operating income? 4. Calculate the margin of safety in units and in sales revenue if 25,000 custom skins are sold. = Margin of safety in units Margin of safety in sales revenue units
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A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $285 per pair and cost $176.70 per pair in variable costs to make. (Round your answers to 2 decimal places.) (1) Compute the contribution margin per pair. Contribution margin (2) Compute the contribution margin ratio. Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio
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A consumer's utility only depends on the consumption of goods A and B according to the following Cobb - Douglas utility function: U(A, B) = A3/5 B 2/5. The price of goods A and B are $10 and $10, respectively. The consumer has a budget of $1500 that he can use to consume the two goods. a) Calculate the optimal bundle and maximized utility for the consumer. b) A new tax of $5 is imposed on the price of good B. Compute the new optimal bundle of good A and B for the same consumer. What is the utility loss due to the tax? c) Show that the consumer would prefer a lump sum income tax that raises the same revenue of $200 as the tax on good B.

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How much gross margin per unit will Pharoah-T generate if it fixes and sells these reworked shirts? (Round answer places, e.g. 15.25.) Gross margin $ /unit