Information concerning a product produced by Ender Company appears here: Sales price per unit $ 158 Variable cost per unit $ 88 Total annual fixed manufacturing and operating costs $ 469,000 Required Determine the following: Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $133,000.

Information concerning a product produced by Ender Company appears here: Sales price per unit $ 158 Variable cost per unit $ 88 Total annual fixed manufacturing and operating costs $ 469,000 Required Determine the following: Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $133,000.

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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1. Yambs Company manufactures and sells a single product. Following data were given: Sales (15,000 units) 600,000.00 Less: Variable Cost 420,000.00 Contribution Margin 180,000.00 Less: Fixed Cost 150,000.00 Profit 30,000.00 Required: Determine the following: a. Selling Price per Unit b. What is the monthly break-even point in units sold and in sales pesos? Without doing computations, what is the total contribution margin at BEP? b. Variable Cost per Unit c. CM Ratio C. 2. Prove that CMRXMSR=NPR 3. Barack Co. BEP in sales are P528,000. The variable cost to sales is 60%, while the profit ratio is 8% Determine the following: 1. Fixed cost 2. Actual Sales 3. Profit 4. Margin of Safety 5. Margin of Safety Ratio 4. Mahjong Co. produces and sells two products, tables and chairs. Following is next month's income budget Sales in units Chairs Tables Total 750 009 Sales P 1,200.00 P 187.50 P 1,387.50 1,050.00 112.50 1,162.50 CM 150.00 75.00 225.00 90.00 135.00 IN Required: How many units of…
Stancil Dry Cleaners has determined the following about its costs: Total variable expenses are$42,000,total fixed expenses are $24,000, and the sales revenue needed to break even is $48,000. Determine the company's current 1) sales revenue and 2) operating income. (Hint: First, find the contribution margin ratio; then prepare the contribution margin income statement.) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancil's current (1) sales revenue and (2) operating income. Begin by computing the contribution margin ratio. (Enter the result as a whole number.) The contribution margin ratio is %.
Please help with multiple choice questions.
Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,480 cell phones are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and administrative expenses Total variable cost per unit 161 34 24 19 $138 Fixed costs: Factory overhead Selling and administrative expenses Voice Com desires a profit equal to a 14% return on invested assets of $600,700. a. Determine the amount of desired profit from the production and sale of 5,400 cell phones. 84,098 ✔ $201,600 71,600 b. Determine the product cost per unit for the production of 5,480 cell phones. Round your answer to the nearest whole dollar. 156 ✔ per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. X%
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