The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units? The selling price is $5 per unit. Oa 137,500 O b. 137,500 Oc 254,000 Od. 116,500 O e None of the given answers

The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units? The selling price is $5 per unit. Oa 137,500 O b. 137,500 Oc 254,000 Od. 116,500 O e None of the given answers

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Company XYZ produces and sells wireless earphones. The selling price per unit is $5 and the total…

A: Solution:- Calculation of Break even point value($) as follows under:-

Q: If sales are $28,000 , variable costs are $ 8,000 , and fixed costs are $4,000 , the contribution…

A: The contribution margin can be calculated by using this equation Contribution margin ratio…

Q: If sales are $22,000, variable costs are $8,000, and fixed costs are $2,500, the contribution margin…

A: Contribution margin = sales - variable costs = $22000 - $8000 = $14000

Q: Mazoon Company's variable costs are 60% of the selling price and its fixed costs are $80,000. To…

A: Contribution=fixed cost+Profit=$80,000+$20,000=$100,000

Q: If fixed costs are $246,000, the unit selling price is $120, and the unit variable costs are $71,…

A: Solution We are provided with the following information Selling price (per unit) = $ 120 Variable…

Q: If Kaden Company's fixed costs are $46,800, the unit selling price is $42, and the unit variable…

A: Given, Unit selling price = $42 Unit variable costs = $24 Fixed costs = $46,800

Q: Paz Co. has a total cost function of y = mx + b. If b = $50,000 and Paz's total cost was $120,000 to…

A: If we are trying to understand the function then, y= mx + b In this function "b" reflects the fixed…

Q: required earning a profit of Omr 80000 is:

A: Under Marginal costing Profit = Sales Revenue - Total Variable cost - Total Fixed Cost We know…

Q: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: he selling price of a particular product is $37.00 per unit, fixed costs total $225,600, and the…

A: Break even sales = Fixed costs/Contribution margin ratio Contribution margin ratio = Fixed…

Q: What is the contribution margin percentage?

A: Contribution Margin: The Contribution Margin is also can be treated on a gross or per unit basis.…

Q: XYZ company, produced 100 units, units sold: 80, selling price: 24 Total variable cost: 2000$, Total…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Consider the following information available for Barium Company: Total fixed costs $1,440,000…

Q: Company XYZ has three products A, B and C. The sales mix for products A, B and C are 6, 4 and 3…

A: Products (a) Contribution Margin (b) Sales Mix percentage weights (c)= (mix / total mix ) weighted…

Q: If the sales price is $150 per unit, the variable cost is $90 per unit, and total fixed costs is…

A: The contribution margin ratio is the substracted amount of sales after deducting variable costs in…

Q: The contribution margin ratio is 30%. If total fixed costs are $24,000, then what is the total cost…

A: Variable cost per unit = sales price x (1 - contribution margin ratio) = $2 x (1 - 0.30) = $1.40…

Q: Looking at the graph, which of the following statements must be true?

A: Answer: (2nd Option ) The CM Breakeven point per unit is $ 10.52.

Q: If the contribution margin on the firm's single product is $2.00 per unit and fixed costs are…

Q: At the break-even point of 1800 units, variable costs are $138000, and fixed costs are $96000. How…

A: At 1800 units, the net income is $0. So, Contribution margin = Fixed costs = $96000

Q: When fixed costs are $18,000 and the contribution margin per unit is $4, the breakeven point is

A: Breakeven point is the point at which total revenue is equal to total costs. It is calculated as:…

Q: If fixed costs are $1,500,000, the unit selling price is $232, and the unit variable costs are $105,…

A: Sale is the amount of goods sold by an entity. Sales in units means the number of units sold by an…

Q: Company X produced and sold 2,000. At this level, total variable costs were $22,000, the selling…

A: Contribution margin ratio is a ratio which defines the amount of total revenue left after deducting…

Q: For Bramble Corp. at a sales volume of 4000 units, sales revenue is $71000, variable costs total…

A: The contribution margin is the difference between the sales and the variable cost. The contribution…

Q: The leading candidate for location will have a monthly fixed cost of $21,000 and variable costs of…

A: Cost-volume-profit analysis is a technique that is used to determine the impact of costs and sales…

Q: If fixed costs are $246,000, the unit selling price is $120, and the unit variable costs are $71,…

A: Formulas: Break even sales = Fixed cost / Contribution per unit ------------------ Contribution per…

Q: 7. Answer the following questions, considering each situation independently. You might not be able…

A: Given Profit =$200,000

Q: If the sales price is $60 per unit, the variable cost is $10 per unit, total fixed costs is $60,000,…

A: Contribution margin per unit = Sales price - Variable cost Contribution margin per unit = $60 - $10…

Q: ooner Industries charges a price of $82 and has fixed cost of $325,000. Next year, Sooner expects to…

A: Computation of variable cost and contribution margin ratio Contribution margin= (Contribution/…

Q: Answer the following questions based on the given information: Sales Units 500,000…

A: Solution: - 1) Calculation of total contribution as follows under: -

Q: this information, what is Your Company's Your Company's expected net income when 5,000 units are…

A: Option D Or $26250 Sales (5000 × $20) $100000 Less : Variable Cost (1 - 0.35) × Sales $65000…

Q: Assume the following cost information for Standard Corporation: Selling price per unit Variable…

A: The Break-even point indicates that total units are to be sold by the business entity to recover its…

Q: Given selling price is $20 per unit, fixed costs are $3 per unit, and profit per unit is $1, What is…

A: Contribution per unit can be calculated by adding fixed cost per unit to the profit per unit.

Q: = breakeven point in

A: Definition: Break even point: A point at which fixed and variable expenses equals revenue. It is…

Q: If fixed costs are $400,000 and the unit contribution margin is $20, what is the break-even point in…

A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…

Q: The contribution margin per unit is P5, while the direct fixed costs are P30,000 and the allocated…

A: Solution.... Contribution margin per unit = P5 Total fixed costs = Direct fixed costs +…

Q: The fixed cost of a company is 4000 OMR and the variable cost is 5 OMR per unit, then the total cost…

A: The total cost of production computed of fixed and variable cost.

Q: Ivanhoe, Inc. developed the following information for its product: Sales price Variable cost…

A: The break-even point indicates that total units are to be sold by the business entity to recover the…

Q: Blue Company developed the following information for its product:…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: 47) Selling price is $40 per unit, Variable costs are $32/unit, Fixed costs are $250,000. What is…

A: The contribution margin is used to depict the amount of revenue left to cover the fixed expenses and…

Q: The following information pertains to YZ Company's CVP relationships: Breakeven point 200 units,…

A: Solution Formula used Contribution margin = sales – variable cost Breakeven point in unit…

Q: The fixed costs for producing 250 units of a product are RO 4,000 and the variable costs are RO 2.5…

A: given that, fixed cost = RO4000 variable cost per unit = RO2.5 number units produced = 250

Question

The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units? The selling price is $5 per unit.
O a 137,500
O b. 137,500
Oc 254,000
O d. 116,500
O e None of the given answers
Windows buiw
ws buil Solacl w Jäil
AGE
NEXT PAGE
THREE
Iumnto
ENG
DELL
F5
F6
F7
F8
F9
F10
K4
&

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The contribution margin ratio is 60%. If total fixed costs are $22,0000, then what is the total cost ($) of producing and selling 60,500 units? The selling price is $4 per unit. O a. 123,200 O b. 145,200 O c. 96,800 O d. None of the given answers O e. 220,00O US PAGE NEXT PAGE 14:09 O a d0 ENG 15-04-2021 re to search W to i prt sc delete home end 96 & + backspace num 3 8 9 lock V. E R T U 8 A home D F J K L enter L. pause B N M ↑ shift 1 1 end alt ctrl
Q3. If sales are $500,000, variable cost are $200,000, and fixed costs are $240,000, what is the contribution margin ratio? Answer: ______________________________________________________________________ Explain your answer: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
The contribution margin ratio is 60%. If total fixed costs are $22,000, then what is the total cost (5) of producing and selling 60,500 units? The selling price is $4 per unit 145,200 a O 123,200b O 220,000cO 96,800 dO None of the given answers.e O
To manufacture 15 000 units the total variable cost is 48,000. the fixed costs total is 27,000. If the company wants to make 40,000 profit, how much should the company sell the items for? a. $7.67 b. $2.33 c. $8.93 d. $5.00
What is the Break-Even sales (in units) given the following data: Total Fixed Costs = $250,000.00 Unit Selling Price = $105.00 Unit Variable Cost = $65 Group of answer choices a. 6,250 b. 10,000 c. 2,381 d. 3,846
Given the following information, find dollar sales: a. Fixed costs, $60,000; profit, $18,000; sales price per unit, $8.00; variable cost per unit, $5.00 b. Variable rate, .45; profit, $21,578.10; fixed costs, $58,382 c. Sales price per unit, $16.60; profit, $21,220; contribution margin, $9.29; fixed costs, $126,000
Company XYZ produces and sells wireless earphones. The selling price per unit is $5 and the total fixed costs are $20,000. Assuming a variable cost ratio of 40%, what is the breakeven point in ($) value? (round figures to the nearest number) O a. None of the given answers: O b. 66,667 O c. 33,333 O d. 40,000 O e. 50,00O
XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 80%. What is the selling price of the product? Select one: O a. $37.5. O b. $28.125. O c. $22.5. O d. $120. O e. $60.
Company XYZ is currently producing and selling 20,000 units. The selling price per unit is $8 while the variable cost ratio is 20%. Assuming ?total fixed costs of $30,000, what is the margin of safety in ($) value 142,500 a O None of the given answers b O 102,500 .c O 82,500 d O 122,500 e O
Assume your product is priced at $10.00. The variable cost per unit is currently S5.00, and fixed costs are $ 10.000. What is your breakeven point? C) a) 2.000 units () b) 3,000 units C c) 2.500 units d) 3,500 units
A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the unit selling price? Group of answer choices Cannot be determined. $300 $200 $48