Ace Machinery showed the following operating budget for the next year Complete parts (a) through (d) below Each scenario is independent Sales $2.200,000 Fixed cost $1,400,000 700,000 Total variable cost Total cost 2,100,000 Net income $100 000 (a) Calculate the contribution margin and contribution rate The contribution margin is $ (Round to the nearest dollar as needed) Queition Viewer The contribution rate is (Round to four decimal places as needed) (b) How much does Ace Machinery need to sell to break even? Ace Machinery needs to sel s

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← The operating budget for a certain company shows a net income of $353,920. To achieve this, the company is targeting sales of $644,000, variable costs of $283.360, and fixed costs of $6,720. Compute the break-even point in sales dollars. The break-even point in sales dollars is $ (Round to the nearest cent as needed Round att intermediate values to six decimal places as needed.)

Chelsea Clinic projected the following budget information for 2020: Total FFS Visit Volume 90,000 visits Payer Mix: Blue Cross Highmark Reimbursement Rates: Blue Cross Highmark Variable Costs Resource Inputs: Labor Supplies Resource Input Prices: Labor Supplies Fixed Costs (overhead, plant, and equipment) 40% 60% $25 per visit $20 per visit 48,000 total hours 100,000 total units $25.00 per hour $1.50 per unit $500,000 a. Construct Chelsea Clinic’s operating budget for 2020. b. Discuss how each key budget assumption might result in a budget variance, and name the variance that would be used to examine results associated with each assumption.