Bluegill Company sells 16,900 units at $100 per unit. Fixed costs are $84,500, and income from operations is $929,500. Determine the following: Round the contribution margin ratio to two decimal places. a.  Variable cost per unit $fill in the blank 1   b.  Unit contribution margin $fill in the blank 2 per unit c.  Contribution margin ratio fill in the blank 3 %

Q: Snellville Co. reports the following data: Sales   $687,100 Variable costs   474,100 Contribution…

A: Operating leverage = Contribution margin/Net operating income

Q: Molly Company sells 19,000 units at $49 per unit. Costs that vary in total dollar amount as the…

A: Contribution Margin ratio:   It is a ratio that measures the contribution margin generated by the…

Q: A product has a sales price of $350 and a per-unit contribution margin of $139. What is the…

A: Formula: Contribution margin ratio = Per unit contribution margin / sales price per unit Division of…

Q: Molly Company sells 38,000 units at $36 per unit. Variable costs are $27.36 per unit, and fixed…

A: Fixed cost is the cost does not change with the change in the units manufactured, while variable…

Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (25,000…

A: The contribution margin is the difference between the sales revenue and the variable costs.…

Q: Tucker Co. reports the following data: Line Item Description Amount Sales $911,900  Variable…

A: The objective of the question is to calculate the operating leverage of Tucker Co. Operating…

Q: The selling price per unit of a product is OMR 5; The total cost is OMR 500 of which the fixed cost…

A: Formula: Unit contribution = Selling price - variable cost Deduction of variable cost from selling…

Q: Bluegill Company sells 12,500 units at $300 per unit. Fixed costs are $187,500, and operating income…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Q: Last period Hartig Corporation sold 40.000 units, total sales were $303,000, total variable expenses…

A: Contribution margin ratio = Contribution margin / Sales where, Contribution margin = Sales -…

Q: Bluegill Company sells 13,700 units at $400 per unit. Fixed costs are $274,000, and income from…

A: Formula: Contribution margin = Selling price - variable cost Deduction of variable cost from selling…

Q: Ferrante Company sells 40,000 units at $16 per unit. Variable costs are $12.80 per unit, and fixed…

A: solution: CM ratio = CM per unit / Selling price per unit Unit contribution margin  =Selling price…

Q: Molly Company sells 30,000 units at $43 per unit. Variable costs are $26.66 per unit, and fixed…

A: CVP analysis is used in decision-making by the management. It helps to make strategies and take wise…

Q: Willie Company sells 27,000 units at $29 per unit. Variable costs are $17.11 per unit, and fixed…

A: 1.Contribution margin per unit= Sale price- Variable cost   2. Contribution margin ratio=…

Q: United Merchants Company sells 18,000 units at $25 per unit. Variable costs are $19.25 per unit, and…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: Zeke Company sells 24,600 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are…

A: The contribution margin per unit is calculated as the difference between the sales and variable…

Q: When Isaiah Company has fixed costs of $129,360 and the contribution margin is $28, the break-even…

A: Answer : Break even point = Total fixed cost  / Contribution Margin Total fixed cost  = $129,360…

Q: Bluegill Company sells 12,600 units at $140 per unit. Fixed costs are $88,200, and operating income…

A: Contribution margin: The difference between the sales and the variable costs is called contribution…

Q: Zeke Company sells 25,900 units at $18 per unit. Variable costs are $8 per unit, and fixed costs are…

A: Contribution margin = Sales - variable cost = $18 - $8 = $10 Contribution margin ratio =…

Q: The company has a desired net income of $53,991 per service outlet. What is the dollar amount of…

A: To determine the sales dollars needed per service outlet to meet the desired net income of $53,991,…

Q: Bluegill Company sells 15,700 units at $260 per unit. Fixed costs are $204,100, and operating income…

A:

Q: Last period Hartig Corporation sold 40.000 units, total sales were $303,000, total variable expenses…

A: Given that: No of units sold = 40000 Sales = $303,000 Variable expenses = $227250 Fixed Expense =…

Q: Seaco Products produces gears with the following unit costs: variable manufacturing costs $8, fixed…

A: Total cost per unit = Variable manufacturing costs + Fixed manufacturing OH + Variable selling and…

Q: Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs…

A: Contribution margin is the difference of selling price and the variable cost per unit. It is the…

Q: Bluegill Company sells 10,500 units at $420 per unit. Fixed costs are $220,500, and income from…

A: The contribution margin is evaluated as the difference between sales revenue and variable costs. It…

Q: Sally Company sells 39,000 units at $16 per unit. Variable costs are $11.20 per unit, and fixed…

A: We know that under marginal costing  Operating income = Sales Revenue - Total Variable cost - Total…

Q: Bluegill Company sells 13,600 units at $140 per unit. Fixed costs are $95,200, and operating income…

A: Fixed costs are those costs that do not change with the output level. Total variable costs changes…

Q: Molly Company sells 29,000 units at $48 per unit. Variable costs are $27.36 per unit, and fixed…

A: Contribution Margin Ratio: Contribution Margin is the residual value which is computed by deducting…

Q: Oslo Company prepared the following contribution format income statement based on a sales volume of…

A: Marginal Income Statement:This is one of the income statements used, which is also called the…

Q: Ferrante Company sells 26,000 units at $12 per unit. Variable costs are $10.08 per unit, and fixed…

A: Unit contribution margin = Selling price - Unit variable cost Contribution margin ratio = Unit…

Q: Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs…

A: On case of equation methodContribution margin per unit = Selling price per unit - variable expense…

Q: Zeke Company sells 25,500 units at $18 per unit. Variable costs are $8 per unit, and fixed costs are…

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

Q: Molly Company sells 23,000 units at $28 per unit. Variable costs are $21.56 per unit, and fixed…

A: The objective of the question is to calculate the contribution margin ratio, the unit contribution…

Q: Brendon Company reported the following data. . Price per unit: $20 . Fixed costs: $6,000 . Breakeven…

A: Formula used: Break even units = Fixed cost / ( Sales price per unit - variable cost per unit )

Q: Rooney Corporation sells products for $28 each that have variable costs of $15 per unit. Rooney's…

A: 1) breakeven point in units = fixed cost / contribution per unit   2) break even point in…

Q: A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales…

A: Solution:Contribution margin refers to the revenue of the firm after deducting variable cost from…

Q: A company has $6.70 per unit in variable costs and $4.10 per unit in fixed costs at a volume of…

A: Variable cost per unit = $ 6.70 Fixed Cost per Unit = $ 4.10 Total Cost per unit =$ 6.70+$ 4.10…

Q: United Merchants Company sells 17,000 units at $10 per unit. Variable costs are $6.40 per unit, and…

A: Formula: Contribution margin = Selling price - variable cost Deduction of variable cost from selling…

Q: Sales (1,000 units) Variable expenses Contribution margin Fixed expenses $ 50,000 32,500 17,500…

A: Break even point is based on the fixed costs and Contribution margin per unit. Contribution margin…

Q: Lamp Company has the following cost-volume-profit (CVP) data:   Breakeven point, in units 3,000…

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

Q: Rooney Corporation sells products for $38 each that have variable costs of $17 per unit. Rooney's…

A: Contribution means the difference between the selling price and variable cost. Break even point…

Q: Zeke Company sells 24,500 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: Bluegill Company sells 10,000 units at $400 per unit. Fixed costs are $200,000, and operating income…

A: Contribution margin = Fixed cost + Income from operations Fixed cost is $200000 Income from…

Q: rake Company produces a single product. Last year's income statement is as follows: Sales (21,000…

A: Break-even point is the level of sales output at which the total costs and the total revenues become…

Q: A company has $7.90 per unit in variable costs and $4.80 per unit in fixed costs at a volume of…

A: Formula: Total cost = Variable cost + Fixed cost.

Q: Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $32 per unit, while…

A: