**Portia Company Financial Analysis**Portia Company is a retailer of hammers. Portia pays $3.75 for each hammer and sells them for $8.45. The hammer cost is the only variable cost. Monthly fixed costs are $32,900.**a. What is the contribution margin per unit?** *(Round your answer to 2 decimal places.)*- **Contribution Margin per Unit:** [Input box]**b. What is the break-even point in units?** *(Do not round intermediate calculations.)*- **Break-Even Point:** [Input box]**c. How many units will Portia need to sell to earn a target profit of $25,850?** *(Do not round intermediate calculations.)*- **Total Number of Units:** [Input box]Note: Ensure to perform accurate calculations by considering the cost and pricing details provided, and enter values as instructed.

Name: **Portia Company Financial Analysis**Portia Company is a retailer of
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Description: **Portia Company Financial Analysis**Portia Company is a retailer of hammers. Portia pays $3.75 for each hammer and sells them for $8.45. The hammer cost is the only variable cost. Monthly fixed costs are $32,900.**a. What is the contribution margin

Contribution margin per unit = selling price - variable costs per unit Break even point in units =…

Business

Accounting

Porta Company is a retaler of hammers. Portia pays $3.75 for each hammer and sells them for $8.45. Monthly fixed costs are $32,900, The hammer cost is the only variable cost 20 e What is the contributioan margin per unit? (Round your answer to 2 declmal places.) per unit 4. What is the break-even paint in units? (Do not round Intermediate calculatlons.) Ear Pait units C Hon many unis wil Poria need to sel to earn target profit of $25,850? (Do not round intermetiete calculations) ocoNumber of Un

Porta Company is a retaler of hammers. Portia pays $3.75 for each hammer and sells them for $8.45. Monthly fixed costs are $32,900, The hammer cost is the only variable cost 20 e What is the contributioan margin per unit? (Round your answer to 2 declmal places.) per unit 4. What is the break-even paint in units? (Do not round Intermediate calculatlons.) Ear Pait units C Hon many unis wil Poria need to sel to earn target profit of $25,850? (Do not round intermetiete calculations) ocoNumber of Un

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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Smelly Feet Co. produces sports socks. The company has fixed costs of $157,000 and variable costs of $0.80. Each package sells for $2.50.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the break-even point in units and in dollars using the contribution margin approach. (Reminder to write answer in whole units).
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Dellcom Inc. sells two products: a regular and a deluxe version. The owner would like to better understand the impact of the sales mix on the company's sales. The following information is available: Regular Deluxe Sales price per unit Variable cost per unit $38 $61 $15 $34 The company has total fixed costs of $384,615 for the year and they sell 9 Regular products for every 4 Deluxe product. The owner would like to know, given the sales mix, how many units of each product the company must sell per year to break even. The company must sell units of the Regular product. Enter the number of units given the current sales mix. The company must sell units of the Deluxe product. Enter the number of units given the current sales mix.
2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. Fixed costs (per year) Variable Costs per gallon Rent: $18000 Glycol: $1.50 Utilities: 13200 FreezeFree 312: .50 Managerial salaries: 20000 Mfg labor: .20 Flammability permit: 12000 Packaging: .20 Other fixed expense: 2400 Inert ingredients: .60 Total fixed: $65600 Advertising: .30 Total: $3.30
PLEASE MAKE IT IN EXCEL AND SHOW THE FORMULAS Comercial El Suspiro, S.A., purchases 2'100,000 units per year of a component. The cost of each order is $25.00. The annual unit maintenance cost is 27% of its cost of $2.00. On a 360-day basis, calculate the reorder point, knowing that it takes 10.5 days for the supplier to put in the LAB company the goods, and the company sorts and stores them in 1.5 days, calculate the reorder point.
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5. What is the Contribution Margin Ratio (CMR) if the price is $8.82 per gallon? IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. Fixed costs (per year) Variable Costs per gallon Rent: $18000 Glycol: $1.50 Utilities: 13200 FreezeFree 312: .50 Managerial salaries: 20000 Mfg labor: .20 Flammability permit: 12000 Packaging: .20 Other fixed expense: 2400 Inert ingredients: .60 Total fixed: $65600 Advertising: .30 Total: $3.30
Required: Laguna Print makes advertising hangers that are placed on doorknobs. It charges $0.18 and estimates its variable cost to be $0.16 per hanger. Laguna's total fixed cost is $2,260 per month, which consists primarily of printer depreciation and rent. Calculate the number of advertising hangers that Laguna must sell in order to break even. Note: Round your intermediate calculation to 2 decimal places and final answer to the nearest whole number. Break-even Hangers
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