Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10.Requirements1.Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.)2.Find the breakeven point in units and in dollars, using the contribution margin approach.%Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach.Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zeroamounts. Abbreviation used: CM = contribution margin.)Required sales in units+Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for anyzero amounts.)Required sales in dollars++%Activate WindowsChoose from any list or enter any number in the input fields and then continue to the next question.Go to Settings to activate Windows. Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10.Requirements1.Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.)2.Find the breakeven point in units and in dollars, using the contribution margin approach.Requirement 1. Compute the contribution margin per package and the contribution margin ratio.Begin by selecting the labels and entering the amounts to compute the contribution margin per package. (Round all amounts to two decimal places. Abbreviation used: CM = contribution margin.)CM per unitNow select the labels and enter the amounts to calculate the contribution margin ratio. (Enter amounts in the formula to two decimal places. Enter the contribution margin ratio as a whole percentage, X%.Abbreviation used: CM = contribution margin.)CM ratio%Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach.Activate WindowsChoose from any list or enter any number in the input fields and then continue to the next question.Ge te Settings to activate Windows

contribution margin per unit: selling price per unit - variable cost per unit Contribution margin:…

Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. ] = O% Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zero amounts. Abbreviation used: CM = contribution margin.) Required sales in units Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for a zero amounts.) = Required sales in dollars Activate Windows Chooce from a ny lict contor lde and thon continuo to the noxt quoction

Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. ] = O% Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zero amounts. Abbreviation used: CM = contribution margin.) Required sales in units Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for a zero amounts.) = Required sales in dollars Activate Windows Chooce from a ny lict contor lde and thon continuo to the noxt quoction

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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A jeans maker is designing a new line of jeans called Slams. Slams will sell for $205 per unit and cost $164 per unit in variable costs to make. Fixed costs total $60,000. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: I Denominator: 1 3. Compute income if 5,000 units are produced and sold. Income Contribution Margin Ratio = Contribution margin ratio 0
Sheridan Recreation Products sells the Amazing Foam Frisbee for $19. The variable cost per unit is $6; fixed costs are $26,000 per month. (a) Your Answer Correct Answer Your answer is correct. What is the breakeven point in units? In sales dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round answers to O decimal places, eg. 5,275) The breakeven point The breakeven sales (b) eTextbook and Media Solution $ eTextbook and Media Save for Later 2000 frisbees 38000 How many frisbees must Sheridan sell to earn $39,000 in monthly operating income? (Round answer to O decimal places, eg. 5,275) frisbees Attempts: unlimited Attempts: unlimited Submit Ar (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above.
III. NadasellsorangejuiceforOMR1.00pergallon.ThevariablecostperunitisOMR0.80,andthefixed costs per month are OMR 1,000. You are required to;A) Calculate the total costs if Nada produces 10,000 units? B)Calculate the total profit earned by Nada if they produce and sell 10,000 units?
Number 4 for this is all I need please: Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Zebra Company manufactures custom-designed skins (covers) for iPods® and other portable MP3 devices. Variable costs are $5.50 per custom skin, the price is $10, and fixed costs are $114,300. Required: 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent.$fill in the blank 1 per custom skin 2. How many custom skins must Zebra Company sell to break even? fill in the blank 2 custom skins 3. If Zebra Company sells 26,000 custom skins, what is the operating income?$fill in the blank 3 4. Calculate the margin of safety in units and in sales revenue if 26,000 custom skins are sold. Margin of safety in units fill in the blank 4 units Margin of safety in sales revenue
Estela Company produces skateboards and scooters. Their per unit selling prices and variable costs follow. Skateboards require 2 machine hours per unit. Scooters require 3 machine hours per unit. Selling price per unit Skateboards $ 200 Scooters) $ 400 120 310 Variable costs per unit (a) Compute the contribution margin per unit (b) Compute the contribution margin per machine hour (a) Contribution margin pet und Contion margm per machine hour Skateboards Scooters
3. JJ Manufacturing builds and sells switch harnesses for glove boxes. The sales price and variable cost for each follows: Product Selling price per unit Variable cost per unit Trunk switch $60.00 $28.00 Gas door switch $75.00 $33.00 Glove box light $40.00 $22.00 Their sales mix is reflected in the ratio 4:4:1. What is the overall Composite Unit Contribution Margin for JJ Manufacturing with their current product mix? If annual fixed costs shared by the three products are $18,840, how many units of each product are to be sold in order for JJ Manufacturing to break even? Trunk Switch? Gas Door Switch? Glove Box Light? Determine their break-even point in sales dollars. Trunk Switch? Gas Door Switch? Glove Box Light?
ok Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 canoes for $520 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $520 each. 5. Suppose Sandy Bank wants to earn $69,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $520 each. , t Complete this question by entering your answers in the tabs below. t Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. nces Note: Round your "Cost per Unit" answers to 2 decimal places. Number of Canoes Produced and Sold 450 610 700 Total costs Variable Costs…
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es A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $290 per pair and cost $182.70 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 = G Check n
Company XYZ has three products A, B and C. The sales mix for products A, B and Care 7, 5 and 4 units respectively. The contribution margin per unit for products A, B and C are $900, $600 and $400 respectively. Assuming that the fixed costs were $2,272,000. What is the breakeven point in units (in total)? (rounded to the nearest number) O a. 800 O b. 1,641 O c. None of the given answers O d. 6,745 O e. 3,335
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $540 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 canoes for $540 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $540 each. 5. Suppose Sandy Bank wants to earn $76,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $540 each. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 760 canoes for $540 each. Prepare a contribution margin income statement for the company. Note: Round your intermediate calculations to 2 decimal…