Please provide answer this financial accounting question Waverly Products, Ltd. reported the following data regarding the product itsells:InformationValue$50Sales PriceContribution Margin Ratio 15%Fixed Costs$180,000Use the contribution margin ratio approach.To obtain a profit of $45,000, what must the sales be in dollars? In units?

Step 1: Define Contribution Margin RatioThe contribution margin ratio represents the percentage of…

Answered: Waverly Products, Ltd. reported the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...

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From the following data, you are required to calculate 1) p/v ratio 2) break even sale with the help of p/v ratio 3)sales required to earn a profit of rs.45,000 Fixed expenses=rs.90000 Variable cost per unit: Direct material=rs.5 Direct labour=rs.2 Direct overheads=100% of direct labour selling price per unPit-rs.12
Rooney Company reported the following data regarding the product it sells: Sales price Contribution margin ratio 75 20% Fixed costs $450,000 a. What is the break-even point in dollars? In units? b. To obtain a profit of $45,000, what must the sales be in dollars? In units?
Please help me figure a-e
1. Calculate the contribution margin rate, the sales dollar breakeven point, and the unit sales breakeven point. 2. Use the following information to perform your calculations. a. Net Sales: $50,000.00 b. Contribution Margin: $20,000.00 c. Total Fixed Costs: $15,500.00 d. Unit Sales Price: $25.00 3. Provide the formula and write out the equation that you use for each calculation. a. Contribution Margin Rate: b. Sales Dollar Breakeven Point: C. Unit Sales Breakeven Point:

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Waverly Products, Ltd. reported the following data regarding the product it sells: Information Value $50 Sales Price Contribution Margin Ratio 15% Fixed Costs $180,000 Use the contribution margin ratio approach. To obtain a profit of $45,000, what must the sales be in dollars? In units?