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Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 11 Required 2 Required 4 Number of bikes produced and sold Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your "Cost per Unit" answers to 2 decimal places. Total costs Variable costs Fixed costs per year Total costs Cost per unit $ 121,160 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assumin the company sells each bike for $700. 4. Calculate Hermosa's break-even point in units and sales revenue. Variable cost per unit Fixed cost per unit 520 Total cost per unit 520 Units ? $ 121.160 810 Units 810 520.75 $? 2 $ 520.75 990 990 Units $? ? 2

Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 11 Required 2 Required 4 Number of bikes produced and sold Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your "Cost per Unit" answers to 2 decimal places. Total costs Variable costs Fixed costs per year Total costs Cost per unit $ 121,160 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assumin the company sells each bike for $700. 4. Calculate Hermosa's break-even point in units and sales revenue. Variable cost per unit Fixed cost per unit 520 Total cost per unit 520 Units ? $ 121.160 810 Units 810 520.75 $? 2 $ 520.75 990 990 Units $? ? 2

FINANCIAL ACCOUNTING
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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Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable costs Fixed costs per year. Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 1 Required 2 Required 4 Number of bikes produced and sold Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your "Cost per Unit" answers to 2 decimal places. Total costs Variable costs Fixed costs per year Total costs Cost per unit Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assumin the company sells each bike for $700. 4. Calculate Hermosa's break-even point in units and sales revenue. Variable cost per unit $ 121,160 Fixed cost per unit 520 Total cost per unit 520 Units ? $ 121.160 810 Units 810 520.75 $? $520.75 990 990 Units $? ? 2
Transcribed Image Text:Hermosa, Incorporated produces one model of mountain bike. Partial information for the company follows: Number of bikes produced and sold Total costs Variable costs Fixed costs per year. Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 1 Required 2 Required 4 Number of bikes produced and sold Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your "Cost per Unit" answers to 2 decimal places. Total costs Variable costs Fixed costs per year Total costs Cost per unit Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assumin the company sells each bike for $700. 4. Calculate Hermosa's break-even point in units and sales revenue. Variable cost per unit $ 121,160 Fixed cost per unit 520 Total cost per unit 520 Units ? $ 121.160 810 Units 810 520.75 $? $520.75 990 990 Units $? ? 2
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