Sandhill sells two products: Standard and Deluxe. The company had sales of $810000 during the current year, The company'scontribution margin ratio was 40% and total fixed costs totaled $310000. Sales were $612000 for Standard and $198000 for Deluxe.Traceable fixed costs were $160000 for Standard and $100000 for Deluxe. Variable costs were $370000 for Standard and $130000for Deluxe. What is the segment margin for the Standard product?O $14000O $242000$68000O $82000

Answered: Image /qna-images/answer/268f3df0-c9fe-43fc-94fd-b124c8bd17f2.jpg

Answered: Sandhill sells two products: Standard…

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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Sunn Company manufactures a single product that sells for $180 per unit and whose variable costs are $135 per unit. The company's annual fixed costs are $562,500. (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $135,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement at the break-even point. SUNN COMPANY Contribution Margin Income Statement (at Break-Even) Sales Variable costs Contribution margin Fixed costs Income Amount $ 180 135 45 562,500 -562455
Current operating income for Bay Area Cycles Company is $46,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $184,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? 2. How many additional unit sales would be necessary to achieve operating income of $115,000? Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Revenue Variable expense Contribution margin Fixed expense Operating income Per Unit Volume $ 100.00 Total Ratio 100 % + % 25 % (184,000) 46,000
Bambam Inc. produces BingBong products. Cost data are as follows: Fixed selling cost of 200; variable product cost of 5 per unit; variable selling cost of 2 per unit and fixed overhead cost of 500. If the company will produce 500 units, what is the total cost?
Bluegill Company sells 7,500 units at $160 per unit. Fixed costs are $60,000 and income from operations is $300,000. Determine the following: Round the contribution margin ratio to two decimal places. a. Variable cost per uhit b. Unit contribution margin per unit c. Contribution margin ratio %24
Seascape Company has two products: Product A has a contribution margin per unit of$20and Product B has a contribution margin of $22 per unit. Required: Calculate the weighted-average unit contribution margin if Seascape has a35%/65% (Product A/Product B) product mix. Note: Round your answer to 2 decimal places.
Campbell Corporation sells products for $31 each that have variable costs of $18 per unit. Campbell's annual fixed cost is $295,100. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars.
Munoz Company incurs annual fixed costs of $121,320. Variable costs for Munoz's product are $22.40 per unit, and the sales price is $35.00 per unit. Munoz desires to earn an annual profit of $45,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Sales in dollars Sales volume in units
ABC Corporation sells its product for $195.70 per unit. In 2015 the company had total sales in units of 6,000. The total costs were the following: Variable cost of sales $457,800 Fixed cost of sales 100,000 Variable selling & administrative costs 108,500 Fixed selling & administrative costs 512,400 What is the best estimate of the total contribution margin?
Ritchie manufacturing company makes a product that it sells for $170 per unit. The company incurs variable manufacturing costs of $86 per unit variable selling expenses are 416 per unit, annual fixed manufacturing costs are $458,000, and fixed selling and administrative costs are $242,400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a) use the equation method b) use the contribution margin per unit approach c) prepare a contribution margin income statement for the break-even sales volume.
A company manufactures and sells one product. It plans to sell 25,000 units for the period. The selling price per unit is $10 and its variable cost per unit is $4.80. The total fixed costs for the period is $104,000. Calculate the contribution margin per unit. Calculate the contribution margin ratio. Calculate the break-even quantity (units Calculate the break-even total revenues
Bear Corp. has sales of $708,000. The company also reports a contribution margin ratio of 30% and a profit of $45,000. If 20,000 units were sold, what is the variable cost per unit?
ABC Company manufactures and sells three products: Products A, B, and C. The following data has been provided by the company: A ($) B ($) C (S) Selling Price 100 120 50 Variable Cost Per Unit 60 90 40 Forecasted sales are the following: Product A = 200 units; Product B =400 units; and Product C = 1,000 units. The company incurred $120,000 total fixed costs. Required: Weighted average contribution margin per unit Total breakeven sales units Breakeven sales units of Product A Breakeven sales units of Product B Breakeven sales units of Product C Breakeven sales dollars of Product A Breakeven sales dollars of Product B Breakeven sales dollars of Product C Sales mix of Product A, to Product B, to Product C Breakeven packages

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