FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The contribution margin per units 15.68 and the units needed to break even is 220 for the month. If the fixed cost is $2200 plus labor, how much was the labor for that month?
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- A manufacturing company has to produce and sell 229 items every month to break even. The company's fixed costs are $2,281.50 per month and variable costs are $12.00 per item. a. What is the total revenue at the break-even point? Round to the nearest cent b. What is the selling price per item? Round to the nearest centarrow_forwardfixed cost per unit is $1 when 100000 units are profuced and $2 per unit when 50,000 units are produced. what is the total fixed cost when nothing is produced? answer to the nearest whole dollar.arrow_forwardAt an activity level of 4,000 units in a month, Sam Corporation's total variable cost is $154,200 and its total fixed cost is $129,000. At an activity level of 5,000 units in a month, what what would be the total cost to the nearest whole dollar? × 160,500arrow_forward
- A company sells one of the items in its product line for $8.50 each. The variable costs per unit is $4.80, and the associated fixed costs per week are $2,100. If the total revenue is $8,075 per week, then determine each of the following quantities: (1) The weekly level of output, that is the number of items produced and sold, is units. (2) The total variable costs per week are $ (3) The net income per week is $arrow_forwardWinny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places. Your Answer:arrow_forwardA company has monthly fixed costs of $135,000. The variable costs are $5 per unit. If the sales price of a unit is $12 and we sell 7,500 units, the company's average fixed costs per unit will be OA. $23 per unit. OB. $7 per unit. OC. $18 per unit. OD. $5 per unit.arrow_forward
- Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Amount Per Unit Direct materials $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $ 4.00 $1.00 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expensearrow_forwardThe Company manufactures zamboozas. The selling price of the zamboozas is $45 per unit and variable cost per unit is $30.The company's fixed costs per month is $150,000. Compute the break even point in units and in dollars.arrow_forwardGiven the following data: Contribution margin per unit: Product A $11Product B $12 Machine hours required for one unit: Product A 2 hoursProduct B 2.5 hours A. Compute the contribution margin per unit of limited resource for each product.arrow_forward
- Compute the contribution margin dollars if volume is 200,000 units, price is $10 per unit, and variable costs are 60 percent of revenue.arrow_forward6. Craig Company Inc. earns a contribution margin ratio of 36% on its main product is sold at $120 per unit. Assume that the annual break-even point is 80,000 units. 1. Compute the annual total fixed costs. 2. What is the contribution margin for every unit sold beyond the break-even point? (Round your answer to 2 decimal places).arrow_forwardWinny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how many dollars of revenue must the company generate in order to reach the break-even point? Round to two decimal places.arrow_forward
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