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Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Q R S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 156,000 98,000 Fixed expenses 213,000 143,000 Operating income (loss) Units sold 125,000 11,600 17,750 Contribution margin per unit 6.40 36.00 Contribution margin ratio 0.65 **** ******* $ $ 10.00 $

Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Q R S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 156,000 98,000 Fixed expenses 213,000 143,000 Operating income (loss) Units sold 125,000 11,600 17,750 Contribution margin per unit 6.40 36.00 Contribution margin ratio 0.65 **** ******* $ $ 10.00 $

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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he budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven p MIXE Company R Q S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 $ 156,000 $ 98,000 Fixed expenses Operating income (loss) $ 213,000 $ 143,000 Units sold 125,000 11,600 17,750 ***** Contribution margin per unit... $ 6.40 36.00 Contribution margin ratio 0.65 ... ****** $ 10.00 $
Transcribed Image Text:he budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven p MIXE Company R Q S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 $ 156,000 $ 98,000 Fixed expenses Operating income (loss) $ 213,000 $ 143,000 Units sold 125,000 11,600 17,750 ***** Contribution margin per unit... $ 6.40 36.00 Contribution margin ratio 0.65 ... ****** $ 10.00 $
Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Q R S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 Fixed expenses 156,000 98,000 213,000 143,000 Operating income (loss) Units sold 125,000 11,600 17,750 Contribution margin per unit $ 6.40 10.00 $ 36.00 Contribution margin ratio. 0.65 Requirement 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by determining the formula, then compute the break even sales for each company one at a time. (Complete all answer boxes. For amounts with a 30 balance, make sure to enter "0" in the appropriate ce ( ♦ Breakeven sales Q ( . R ( . ). ). S ( T ( Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to $
Transcribed Image Text:Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) Q R S T Target sales $ 800,000 $ 400,000 $ 181,250 Variable expenses 232,000 159,750 Fixed expenses 156,000 98,000 213,000 143,000 Operating income (loss) Units sold 125,000 11,600 17,750 Contribution margin per unit $ 6.40 10.00 $ 36.00 Contribution margin ratio. 0.65 Requirement 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by determining the formula, then compute the break even sales for each company one at a time. (Complete all answer boxes. For amounts with a 30 balance, make sure to enter "0" in the appropriate ce ( ♦ Breakeven sales Q ( . R ( . ). ). S ( T ( Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to $
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