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In 2024, Blossom Company had a break-even point of $298,000 based on a unit selling price of $5.00 and fixed costs of $119,200. In 2025, the unit selling price and the unit variable costs did not change, but the break-even point increased to $434,000. (a) Your answer is correct. Compute the unit variable costs and the contribution margin ratio for 2024. (Round unit variable cost to 2 decimal places, e.g. 2.25 and contribution margin ratio to O decimal places, e.g. 20%.) Unit variable cost Contribution margin ratio eTextbook and Media (b) +A × Your answer is incorrect. Compute the increase in fixed costs for 2025. Increase in fixed cost $ 40 83600 % do Attempts: 1 of 6 used

In 2024, Blossom Company had a break-even point of $298,000 based on a unit selling price of $5.00 and fixed costs of $119,200. In 2025, the unit selling price and the unit variable costs did not change, but the break-even point increased to $434,000. (a) Your answer is correct. Compute the unit variable costs and the contribution margin ratio for 2024. (Round unit variable cost to 2 decimal places, e.g. 2.25 and contribution margin ratio to O decimal places, e.g. 20%.) Unit variable cost Contribution margin ratio eTextbook and Media (b) +A × Your answer is incorrect. Compute the increase in fixed costs for 2025. Increase in fixed cost $ 40 83600 % do Attempts: 1 of 6 used

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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In 2024, Blossom Company had a break-even point of $298,000 based on a unit selling price of $5.00 and fixed costs of $119,200. In 2025, the unit selling price and the unit variable costs did not change, but the break-even point increased to $434,000. (a) Your answer is correct. Compute the unit variable costs and the contribution margin ratio for 2024. (Round unit variable cost to 2 decimal places, e.g. 2.25 and contribution margin ratio to O decimal places, e.g. 20%.) Unit variable cost Contribution margin ratio eTextbook and Media (b) +A × Your answer is incorrect. Compute the increase in fixed costs for 2025. Increase in fixed cost $ 40 83600 % do Attempts: 1 of 6 used
Transcribed Image Text:In 2024, Blossom Company had a break-even point of $298,000 based on a unit selling price of $5.00 and fixed costs of $119,200. In 2025, the unit selling price and the unit variable costs did not change, but the break-even point increased to $434,000. (a) Your answer is correct. Compute the unit variable costs and the contribution margin ratio for 2024. (Round unit variable cost to 2 decimal places, e.g. 2.25 and contribution margin ratio to O decimal places, e.g. 20%.) Unit variable cost Contribution margin ratio eTextbook and Media (b) +A × Your answer is incorrect. Compute the increase in fixed costs for 2025. Increase in fixed cost $ 40 83600 % do Attempts: 1 of 6 used
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