Zeke Company sells 25,500 units at $18 per unit. Variable costs are $8 per unit, and fixed costs are $36,700. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin, respectively, areO a. 56% and $10 per unitO b. 1% and $18 per unitO c. 1% and $8 per unitO d. 56% and $18 per unit

Unit contribution margin = Selling price per unit - Variable cost per unitCcontribution margin ratio…

Answered: Zeke Company sells 25,500 units at $18…

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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Willie Company sells 34,000 units at $47 per unit. Variable costs are $32.43 per unit, and fixed costs are $213,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Operating income $fill in the blank 3
Campbell Corporation sells products for $31 each that have variable costs of $18 per unit. Campbell's annual fixed cost is $295,100. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars.
Steven Company has fixed costs of $267,472. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Y Variable Cost per Unit $468 334 Product Selling Price per Unit X $1,248 624 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number. units of X units of Y Contribution Margin per Unit $780 290
If fixed costs are $271,000, the unit selling price is $117, and the unit variable costs are $70, the break-even sales in units (rounded to the nearest whole unit) is a. 2,316 units b. 5,766 units c. 3,871 units d. 1,449 units
Company XYZ has three products A, B and C. The sales mix for products A, B and Care 7, 5 and 4 units respectively. The contribution margin per unit for products A, B and C are $900, $600 and $400 respectively. Assuming that the fixed costs were $2,272,000. What is the breakeven point in units (in total)? (rounded to the nearest number) O a. 800 O b. 1,641 O c. None of the given answers O d. 6,745 O e. 3,335
Zeke Company sells 25,300 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $39,600. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin, respectively, are a. 2% and $7 per unit b. 53% and $15 per unit c. 2% and $15 per unit d. 53% and $8 per unit
Omlstead company has fixed costs of $723,520. the unit selling price, variable cost per unit and contributing margin for per unit for the company's two products follow: The sales mix for products QQ and ZZ is 70% and 30%, respectively. Determine the break-even point in units of QQ and ZZ.
Harry Company sells 15,000 units at $44 per unit. Variable costs are $30.36 per unit, and fixed costs are $63,400. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin, respectively, are a. 53% and $7 per unit b. 47% and $11 per unit c. 47% and $8 per unit d. 52% and $11 per unit
Mulhi
Simmons Corp. has a selling price of $11, variable costs of $2 per unit, and fixed costs of $24,852. Simmons net income is $44,370. How many units did Simmons sell? Round your units to nearest whole number
United Merchants Company sells 20,000 units at $27 per unit. Variable costs are $16.20 per unit, and fixed costs are $108,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3

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