What is the contribution margin ratio? b. What is the break-even point in dollars? c. What is the margin of safety in dollars and as a ratio? d. If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if all other factors remain constant?

What is the contribution margin ratio? b. What is the break-even point in dollars? c. What is the margin of safety in dollars and as a ratio? d. If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if all other factors remain constant?

Name: Felde Bucket Co., a manufacturer of rain barrels, had the following da
Uploaded: 2022-05-24T13:26:03.000Z
Channel: Bartleby
Description: Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2019:Sales 2,500 unitsSales price $40 per unitVariable costs $24 per unitFixed costs $19,500Instructionsa. What is the contribution margin ratio?b. What is the break-even po

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

See similar textbooks

Similar questions

Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,200 units Sales price $75 per unit Variable costs $45 per unit Fixed costs $18,480 What is the contribution margin ratio? Contribution margin ratio % What is the break-even point in dollars? Break-even point $ What is the margin of safety in dollars and as a ratio? Margin of safety $ Margin of safety ratio % If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: $
Blossom Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,430 units Sales price $40 per unit Variable costs $20 per unit Fixed costs $21,870 (a)What is the contribution margin ratio? Contribution margin ratio % (b)What is the break-even point in dollars? Break-even point $ (c)What is the margin of safety in dollars and as a ratio? Margin of safety $ Margin of safety ratio % (d)If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: $
Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity Unit selling price Unit variable costs Fixed costs (a) 2,200 barrels $75 per barrel $45 per barrel $18,480 What is the contribution margin ratio? Contribution margin ratio %
Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,200 units Sales price $75 per unit Variable costs $45 per unit Fixed costs $18,480 (a) Correct answer iconYour answer is correct. What is the contribution margin ratio? Contribution margin ratio Type your answer here 40 % eTextbook and Media Attempts: 2 of 5 used (b) What is the break-even point in dollars? Break-even point
An industry is going to launch a new product in the market in the year 2018. The data pertaining to the costs and the estimated sales is provided as follows 1. Fixed cost for the year 2018-2019 is 20000$. 2. The variable cost per unit is 12$. 3. The estimated sales are 800000$. 4. If each unit is sold at 30$. Find out 1. Break-even point. 2. The profit at a turn-over of 25000 units. 3. Margin of safety in terms of units and sales. 4. If a profit target is 1200000$, compute the turn over required. 5. Also construct the break-even chart and show the details on it.
Hudson Co. predicts fixed costs of $400,000 for 2019. Its one product sells for $170 per unit, and it incurs variable costs of $150 per unit. The company predicts total sales of 25,000 units for 2019. 1. Compute the contribution margin per unit. 2. Compute the break-even point (in units) using the formula method. 3. Prepare a contribution margin income statement at the break-even point.
a) Compute the selling price per unit in 2019, using the equation method. b) Given the sales of 3,000 units and the selling price calculated in (a), prepare a contribution marginincome statement for the year ended December 31, 2019, detailing the components of total fixed costsand clearly showing contribution and net income. c) Calculate Benoit’s break-even point in units and in sales dollars.
Muscat Pharmacy had sales of OMR 1,000,000 (50,000 units) for 2019. The variable expenses were OMR 600,000 and fixed expenses were OMR 300,000. What is the contribution margin ratio?
(c). Current Attempt in Progress Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity Unit selling price Unit variable costs Fixed costs (a) What is the contribution margin ratio? 2.500 barrels per barrel $40 $24 per barrel $19.500 Contribution margin ratio What is the margin of safety in sales dollars and as a ratio? Margin of safety Margin of safety ratio eTextbook and Media Save for Later $ %
The X Corp income statement resembles the following after 35,000 units were sold in 2020. Sales = $420,000 / $12 per unit Variable = $192,500 / $5.5 per unit Contribution Margin = $227,500 / $6.5 per unit Fixed Expense $110,000 Net Op Income $117,500 A. What is X Corp. breakeven point in units and dollars? B. What is X Corp. margin of safety in %, units, and dollars?
Shalom Company manufactures socks that sell for P60 each. For the coming year, the management estimates fixed costs to be P200,000 and variable costs to be P45 per unit. 1 What is Shalom Company's contribution margin ratio? 2 If the actual sales during the period was P750,000, did the company earn profit or incur loss? Use the underlined words in capital letters as your choice. 3 If in the following period, Shalom Company wants to earn profit of P180,000, how many units should Shalom Company sell?
In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as follows: Cost of goods sold is P178 per unit Shipping costs are P31 per unit Miscellaneous costs are P10 per unit Salaries are P80,000 per month Rent is P20,000 per month Utilities are P10,000 per month Calculate the following for April 2021: A. Variable Operating Expense B. Fixed Operating Expense C. Total Operating Expense