Solar Ride Transport Services has fixed costs of $60,000 per month. The variable cost per rider is $38, and ticket price per rider is $55. What is the contribution margin per unit and the contribution margin ratio?
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- If Interval Railway's fixed costs total $40,000 per month, the variable cost per passenger is $55, and tickets sell for $70, what is the contribution margin per unit and contribution margin ratio?Please provide the solution to this financial accounting question using proper accounting principles.Solve this problem is solution
- SBD Phone Company sells its waterproof phone case for $98 per unit. Fixed costs total $182,000, and variable costs are $44 per unit. (1) Determine the contribution margin ratio. per unit Contribution margin Contribution Margin Ratio Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio (2) Determine the break-even point in dollars. Choose Numerator: Choose Denominator: Break-Even Point in Dollars Break-even point in dollarsAtlantic Manufacturing produces and sells children’s bikes at an average price of $80. Its costs are as follows: direct materials = $15; direct labour = $7; variable overhead = $3; sales commission is 5% of price. Its fixed monthly costs are $50,000. Required: 1. Using the above cost data, set up a monthly cost equation. Y=___+___x 2. What is the company’s contribution margin percentage? (Round your answer to 2 decimal places.) Contribution Margin %Anu’s Amusement Center has collected the following data for operations for the year. Total revenues $ 2,016,000 Total fixed costs $ 694,400 Total variable costs $ 1,134,000 Total tickets sold 63,000 Required: a. What is the average selling price for a ticket? b. What is the average variable cost per ticket? c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) d. What is the break-even point? (Do not round intermediate calculations.) e. Anu has decided that unless the operation can earn at least $222,600 in operating profits, she will close it down. What number of tickets must be sold for Anu’s Amusements to make a $222,600 operating profit for the year on ticket sales? (Do not round intermediate calculations.)