Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula : C o n t r i b u t i o n M a r g i n = S a l e s p r i c e – V a r i a b l e c o s t s Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows: B r e a k e v e n p o i n t ( U n i t s ) = T o t a l F i x e d c o s t s C o n t r i b u t i o n m a r g i n p e r u n i t B r e a k e v e n p o i n t ( D o l l a r ) = T o t a l F i x e d c o s t s C o n t r i b u t i o n m a r g i n r a t i o Requirement-1: To calculate: The missing figures from the given table

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Answer 1

Question

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

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Hii ticher please provide correct answer general Accounting

Felker Health Center measures its activity in terms of patient visits. Last month, the budgeted level of activity was 1,460 patient visits and the actual level of activity was 1,580 patient visits. The cost formula for administrative expenses is $2.50 per patient visit plus $17,800 per month. The actual administrative expense was $22,250. Last month, the spending variance for administrative expenses was _.

None

Answer 2

Question

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Expert Solution & Answer

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Answer 3

Question

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Expert Solution & Answer

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Answer 4

Question

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Expert Solution & Answer

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Answer 5

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Answer 6

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

Answer 7

Chapter 21, Problem P21.56BPGB

To determine

Concept Introduction:

Contribution margin: Contribution margin is the difference between sales price and variable costs. It is calculated with the help of following formula:

$C o n t r i b u t i o n M a r g i n = S a l e s p r i c e - V a r i a b l e c o s t s$

Breakeven point: The Breakeven point is level of sales at which the net profit is zero. In other words, the breakeven point is the amount of sales at which there no loss and no profit. The formulas to calculate breakeven point are as follows:

$B r e a k e v e n p o i n t (U n i t s) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n p e r u n i t}$

$B r e a k e v e n p o i n t (D o l l a r) = \frac{T o t a l F i x e d c o s t s}{C o n t r i b u t i o n m a r g i n r a t i o}$

Requirement-1:

To calculate: The missing figures from the given table

Answer 8

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

Answer 9

To determine

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

Answer 10

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Answer 11

To determine

Requirement-3:

To Identify: The reason for the low breakeven point

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 21 - For Frank’s Funky Sounds, straight-line...Ch. 21 - Prob. 2QC Ch. 21 - Prob. 3QC Ch. 21 - Prob. 4QC Ch. 21 - Prob. 5QC Ch. 21 - On a CVP graph, the total cost line intersects the...Ch. 21 - If a company increases its sales price per unit...Ch. 21 - Prob. 8QC Ch. 21 - Prob. 9QC Ch. 21 - Prob. 10QC

Requirement-2: To Identify: The Company which has the lowest breakeven point sales dollar

Requirement-3: To Identify: The reason for the low breakeven point

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Chapter 21 Solutions

Requirement-2:

To Identify: The Company which has the lowest breakeven point sales dollar

Requirement-3:

To Identify: The reason for the low breakeven point