G httpChapter ReviewMy...Sales priceContribution margin ratioFixed costsTra..Vernon Company reported the following data regarding the product it sells:a. Break-even point in dollarsa. Break-even point in unitsb. Sales in dollarsb. Sales in unitsc. Break-even point in dollarsc. Break-even point in units$60Man...$10%$216,000M Questio...RequiredUse the contribution margin ratio approach and consider each requirement separately.b Ans...2,160,00036,000Bes...Saveda. What is the break-even point in dollars? In units?b. To obtain a profit of $54,000, what must the sales be in dollars? In units?c. If the sales price increases to $72 and variable costs do not change, what is the new break-even point in dollars? In units?USfron.

Contribution margin ratio: The proportion of sales revenue that contributes to covering fixed costs…

Answered: Vernon Company reported the following…

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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XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 80%. What is the selling price of the product? Select one: O a. $37.5. O b. $28.125. O c. $22.5. O d. $120. O e. $60.
Sohar Company has a product with a selling price per unit of OMR 200, the unit variable cost is OMR 110, and the total monthly fixed costs are OMR 300,000. How much is Sohar's contribution margin ratio? Select one: O a. 45% O b. None of the answers are correct O c. 150% O d. 55% O e. 182%
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In the month of March, Cullumber Salon serviced 570 clients at an average price of $170. During the month, fixed costs were $29,580 and variable costs were 60% of sales. Contribution margin in dollars-38760 Contribution margin per unit- 68 Contrubution margin ratio- 40% SOLVE FOR B PLEASE
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Massey Company reported the following data regarding the product it sells: Sales price $ 25 Contribution margin ratio 40 % Fixed costs $ 810,000 Massey Company reported the following data regarding the product it sells: Sales Price: $25 Contribution margin ratio: 40% fixed cost: 810,000 Required Use the contribution margin ratio approach and consider each requirement separately. If the sales price increases to $30 and variable costs do not change, what is the new break-even point in dollars? In units?
2. What is the expected contribution margin ratio? Round to the nearest whole percent. 3. Determine the break-even sales in units and dollars. 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? (Round to the nearest whole percent.) 6. Determine the operating leverage. Round to one decimal place.
Using the variable cost method of applying the cost-plus approach to product pricing, determine the selling price for 22,500 units using the following data: variable cost per unit, $15; total fixed costs, $180,000; and desired profit, $225,000. Do not round intermediate calculations. Round your answer to the nearest whole dollar.
Mars Company has the following information: Total Fixed cost OMR 25000 Selling price per unit OMR 40 Variable cost per unit OMR 25, What will be the correct amount of Margin of safely at a profit of OMR 12000? Select one: O a. OMR 37000 b. OMR 30000 O c. OMR 19200 O d. OMR 32000
Consider the following information: Retail price per unit: Wholesale price per unit: Manufacturer's price per unit: Manufacturer's variable cost: Retailer's fixed costs per quarter: Wholesaler's fixed costs per quarter: Manufacturer's fixed costs per quarter: Retailer's unit sales this quarter: Wholesaler's unit sales this quarter: Manufacturer's unit sales this quarter: $150 O $90.91 O $111.12 O $72.50 O $145.46 $80 $50 $35 $75,000 $1,750,000 $2,500,000 1,800 80,000 160,000 If the wholesaler wants his margin to be 45%, but doesn't believe he can convince the manufacturer to lower her price below $50, what price does the wholesaler need to charge the retailer? O Search
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