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The budgets of four companies yield the following information: |(Click the icon to view the budget information for the four companies.) Read the requirements. Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign Sunny Rainy Cloudy Windy Net Sales Revenue $ 1,485,000 $ 288,000 Variable Costs 128,000 144,000 119,250 Fixed Costs 162,000 260,000 Operating Income (Loss) 231,600 $4 63,900 Units Sold 180,000 8,000 Contribution Margin per Unit 3.30 $ 72.00 $ 15.00 Contribution Margin Ratio 60 % % 40 % Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Compl to $11. Abbreviation used: CM = contribution margin.) Required sales in dollars Sunny % Rainy ) + % + %3D Cloudy ) + Windy % Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to %24

The budgets of four companies yield the following information: |(Click the icon to view the budget information for the four companies.) Read the requirements. Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign Sunny Rainy Cloudy Windy Net Sales Revenue $ 1,485,000 $ 288,000 Variable Costs 128,000 144,000 119,250 Fixed Costs 162,000 260,000 Operating Income (Loss) 231,600 $4 63,900 Units Sold 180,000 8,000 Contribution Margin per Unit 3.30 $ 72.00 $ 15.00 Contribution Margin Ratio 60 % % 40 % Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Compl to $11. Abbreviation used: CM = contribution margin.) Required sales in dollars Sunny % Rainy ) + % + %3D Cloudy ) + Windy % Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to %24

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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The budgets of four companies yield the following information: |(Click the icon to view the budget information for the four companies.) Read the requirements. Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign or parenthes Sunny Rainy Cloudy Windy Net Sales Revenue $ 1,485,000 288,000 Variable Costs 128,000 144,000 119,250 Fixed Costs 162,000 260,000 Operating Income (Loss) 231,600 $ 63,900 Units Sold 180,000 8,000 Contribution Margin per Unit 3.30 72.00 15.00 Contribution Margin Ratio 60 % % 40 % Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Complete all input to $11. Abbreviation used: CM = contribution margin.) Required sales in dollars %3D Sunny % Rainy % Cloudy Windy % Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to %24 + + +
Transcribed Image Text:The budgets of four companies yield the following information: |(Click the icon to view the budget information for the four companies.) Read the requirements. Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign or parenthes Sunny Rainy Cloudy Windy Net Sales Revenue $ 1,485,000 288,000 Variable Costs 128,000 144,000 119,250 Fixed Costs 162,000 260,000 Operating Income (Loss) 231,600 $ 63,900 Units Sold 180,000 8,000 Contribution Margin per Unit 3.30 72.00 15.00 Contribution Margin Ratio 60 % % 40 % Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Complete all input to $11. Abbreviation used: CM = contribution margin.) Required sales in dollars %3D Sunny % Rainy % Cloudy Windy % Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? has the lowest breakeven point, primarily due to %24 + + +
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