Zeke Company sells 24,600 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $38,500. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin, respectively,areO a. 2% and $15 per unitOb. 53% and $15 per unitO c. 2% and $7 per unitO d. 53% and $8 per unit

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

Answered: Zeke Company sells 24,600 units at $15…

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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Rooney Corporation sells products for $38 each that have variable costs of $17 per unit. Rooney's annual fixed cost is $493,500. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Break-even point in units Break-even point in dollars
Zeke Company sells 24,500 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $36,300. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin are a. 53% and $15 per unit, respectively b. 1% and $15 per unit, respectively c. 53% and $8 per unit, respectively d. 1% and $7 per unit, respectively
Harry Company sells 37,000 units at $44 per unit. Variable costs are $36.52 per unit, and fixed costs are $96,900. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) per unit C. Operating income
ABC Ltd produces a single product. The selling price is OMR 50 a unit and the variable costs is OMR 30 a unit. The annual fixed costs of the business are OMR 4000. calculate BEP in units Select one: O a. 210 Units O b. 200 Units O c. 220 Units O d. 250 Units
Fill the tables
Steven Company has fixed costs of $365,640. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $1,408 $528 $880 Y 710 380 330 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number.fill in the blank 1 units of Xfill in the blank 2 units of Y
Morrison Company sells 124,000 units at $16 per unit. Variable costs are $12 per unit, and fixed costs are $144,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
A company has $7.90 per unit in variable costs and $4.80 per unit in fixed costs at a volume of 50,000 units. If the company marks up total cost by 0.52, what price should be charged if 68,000 units are expected to be sold? Round to two decimal places.
Steven Company has fixed costs of $431,844. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $1,344 $504 $840 Y 710 380 330 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number. ____units of X ____units of Y
When Isaiah Company has fixed costs of $133,840 and the contribution margin is $28, the break-even point is Oa. 9,560 units Ob. 14,270 units Oc. 5,920 units Od. 4,780 units
Steven Company has fixed costs of $443,940. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Priceper unit Variable Cost per unit Contribution Marginper unit X $1,216 $456 $760 Y 710 380 330 The sales mix for products X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y combined. Round answer to nearest whole number.fill in the blank 1units
Sanju

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