Whirly has the following information for 2015. They sell Flying Carpets.SalesContribution MarginNet Income1. Complete a table for Whirly.Total$400,000$150,000$15,000CVP and BEPQuantity10,000 Flying CarpetsPer UnitRatio ToSales 2. What is the variable cost per unit?3. What is the sales price per unit?4. Determine CM per unit and CM Ratio.5. Determine the Break-Even-Point in Quantity and Sales Dollars.TotalQuantityPer UnitRatio ToSales☐☐☐☐☐

The break even sales are the sales where business earns no profit no loss during the period. The…

Answered: Whirly has the following information…

Whirly has the following information for 2015. They sell Flying Carpets. Sales Contribution Margin Net Income 1. Complete a table for Whirly. $400,000 $150,000 $15,000 10,000 Flying Carpets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

Whirly has the following information for 2015. They sell Flying Carpets.
Sales
Contribution Margin
Net Income
1. Complete a table for Whirly.
Total
$400,000
$150,000
$15,000
CVP and BEP
Quantity
10,000 Flying Carpets
Per Unit
Ratio To
Sales

2. What is the variable cost per unit?
3. What is the sales price per unit?
4. Determine CM per unit and CM Ratio.
5. Determine the Break-Even-Point in Quantity and Sales Dollars.
Total
Quantity
Per Unit
Ratio To
Sales
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