%24 %24 In September, Oriole Industries sold 810 units of product. The average sales price was $35. During the month, fixed costs were $6,804 and variable costs were 60% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275, Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio e Textbook and Media Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

%24 %24 In September, Oriole Industries sold 810 units of product. The average sales price was $35. During the month, fixed costs were $6,804 and variable costs were 60% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to O decimal places, e.g. 5,275, Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio e Textbook and Media Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...

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West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.
In September, Crane Industries sold 800 units of product. The average sales price was $40. During the month, fixed costs were $6,504 and variable costs were 70% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275. Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) $ Unit contribution margin Contribution margin ratio $
Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $319,200 Variable Expenses 188,100 Contribution Margin 131,100 Fixed Expenses 106,500 Net Operating Income 24,600 Calculate the breakeven point in: a. sales units (round to the nearest whole unit) b. and sales dollars
The Abigail Company produces and sell two products, X and Y. Cost and revenue data on the products follow: Product X Product Y P24 Selling price per unit Variable cost per unit Contribution margin per unit P20 12 6. P8 P18 In the most recent month, the company sold 400 units of Product X and 800 units of Product Y. Fixed expenses are P10,000 per month. REQUIRED: 1. Prepare a comparative income statement for both products on the most recent monthly projections. 2. Compute the company's overall monthly break-even point in peso sales.
The manufacturing costs of Mocha Indusstries for three months of the year are as follows: Total Cost Production April $63,100 1,100 units May 80,920 1,800 June 100,900 2,600 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit b. Using the high-low method, determine the total fixed costs. %24 %24
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $89,945 2,010 Units May 93,545 2,810 Units June 99,260 4,080 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. per unit (b) Using the high-low method, determine total fixed costs. %24
Company ABC distributes a single product. The company’s sales and expenses for last month follow: Total Per Unit Sales $90,000 $30 Variable expenses $36,000 $12 Contribution margin $54,000 $18 Fixed expenses $16,000 Net operating income $38,000 What is the monthly break-even point in unit sales and in dollar sales? (2 marks) Without resorting to computations, what is the total contribution margin at the break-even point? (2 marks) How many units would have to be sold each month to earn a target profit of $11,000? Use the formula method. Verify your answer by preparing a contribution format income statement at the target sales level. (2 marks) Refer to the original data. Compute the company’s margin of safety in both dollar and percentage terms. (2 marks) What is the company’s CM ratio? If sales increase by $10,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income…
Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $319,200 Variable Expenses 188,100 Contribution Margin 131,100 Fixed Expenses 106,500 Net Operating Income 24,600 Calculate the contribution margin ratio for the company. Round to one decimal place.
Trillium, Inc. reports the following information for April: Alpha Beta Units sold 3,000 units 750 units Sales price per unit $250 $700 Variable manufacturing cost per unit 175 500 Sales commission per unit: Alpha: 4% of sales price 10 Beta: 6% of sales price 42 What is the contribution margin ratio of Beta? (Round your answer to two decimal places.) OA. 30% OB. 28.57% ○ C. 6% OD. 22.57%
vj subject-Accounting Hanks recently produced & sold 2777 units. Fixed costs per unit at this level of activity amounted to $8; variable costs per unit were $9. How much total cost would the company anticipate if during the next period it produced & sold 6919 units? Note: assume this level is still within the relevant range Round your final answer to 2 decimal places
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $102,926 1,860 Units May 105,960 2,600 June 110,798 3,780 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$fill in the blank 1 per unit b. Using the high-low method, determine the total fixed costs.$fill in the blank 2
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $114,550 2,140 Units May 121,000 3,000 June 131,050 4,340 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$ fill in the blank 1 per unit b. Using the high-low method, determine the total fixed costs.$ fill in the blank 2