Sales price $6.54 per unitVariable costs $2.77 per unitFixed Costs $10,874Budgeted number of units 5,025What is margin of safety in units?(Round to the nearest whole unit in your final answer)

Determine contribution margin per unit.

Answered: Sales price $6.54 per unit Variable…

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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Revenue (8,100 units) $16,200 Variable costs 4,050 Contribution margin $12,150 Fixed costs 4,050 Net income $ 8,100 If actual production totals 8,500 units, the flexible budget would show total costs of: Multiple Choice $8,300. None of these answers are correct. $8,400. $16,600.
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Assume the following information: Amount Per Unit Sales $ 600,000 $ 40 Contribution margin $ 360,000 $ 24 Net operating income $ 240,000 If the selling price per unit increases by 8% and unit sales drop by 6%, then the best of estimate of the new net operating income is: Multiple Choice $263,520. $243,520. $253,520. $233,520.
mpt in Progress mpany has a unit selling price of $505, variable costs per unit of $294, and fixed costs of $164,580. Calculate the break- n units using the mathematical equation and the contribution margin per unit. point in units using the mathematical equation point in units using the contribution margin per unit k and Media er units units Attempts: unlimited Submit Answer
create a traditional income statement and a variable income statement for Tracy. She would like to know what her breakeven point in units and sales dollars currently are. She would also like to know what amount of sales are required to achieve a target profit of $40,000 and also the units to sell to meet that target profit. # of Cupcakes 110,000 Price Per Cake $2.28 Raw materials Variable $42,244 All are purchased as needed to avoid spoilage and to have the freshest ingredients DM $0.38 Bakery wages Variable $58,000 They do all of the baking DL $0.53 Supervisor’s salary Fixed $35,000 Supervisor does not do any baking, but supervises the bakers VFO $0.17 Office personnel Fixed $26,000 Office personnel do not do any baking FFO $0.40 Tracy’s salary Fixed $42,000 She considers herself CEO Cost per cupcake $1.48 Salesman's salary Variable $23,500 He is paid based on number of cupcakes…
K If the variable cost per unit to produce a skateboard is $15 and the contribution rate is 30%, what is the contribution margin? OA. $10.50 B. $4.50 C. $21.43 OD. $6.43

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Sales price $6.54 per unit Variable costs $2.77 per unit Fixed Costs $10,874 Budgeted number of units 5,025 What is margin of safety in units?(Round to the nearest whole unit in your final answer)