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

See similar textbooks

Similar questions

Molly Company sells 23,000 units at $28 per unit. Variable costs are $21.56 per unit, and fixed costs are $59,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. Line Item Description Answer a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Operating income
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M Unit sales price $9 $5 $7 Unit variable costs 4. 4. Total fixed costs are $322,000. The contribution margin per composite unit for the current sales mix (round to the nearest cent) is: Multiple Choice $21.00. $7.00. $23.00. $46.00. $32.00.
XYZ Company's product has a contribution margin per unit of $11.25 and a variable cost ratio of 60%. What is the selling price of the product? Select one: a. $28.125. b. $22.5. c. $37.5. d. $40. e. $50.
If fixed costs are $272,000, the unit selling price is $122, and the unit variable costs are $71, the break-even sales (units) is a.1,409 units b.2,230 units c.5,333 units d.3,831 units
S Munoz Corporation sells products for $44 each that have variable costs of $19 per unit. Munoz's annual fixed cost is $560,000. 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 M
Rooney Corporation sells products for $28 each that have variable costs of $15 per unit. Rooney's annual fixed cost is $301,600. 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
A company has $6.70 per unit in variable costs and $4.10 per unit in fixed costs at a volume of 50,000 units. If the company marks up total cost by 0.40, what price should be charged if 60,000 units are expected to be sold? Round to two decimal places.
United Merchants Company sells 17,000 units at $10 per unit. Variable costs are $6.40 per unit, and fixed costs are $31,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3
Steven Company has fixed costs of $175,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are as follows: Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit $1,225 $674 $551 238 158 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 your intermediate calculations and final answers to the nearest whole number. units = X units Previous Next search 9:44 PM 53°F Cloudy #五 a. 12/6/2021 pause USE YOUR SMARTPHONE FOR Rovlews Videos Featurs
Steven Company has fixed costs of $181,104. 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 $832 $312 $520 Y 430 230 200 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
Ferrante Company sells 15,000 units at $47 per unit. Variable costs are $31.96 per unit, and fixed costs are $76,700. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3
uality Containers Industries Inc. has fixed costs of $368,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company’s two products follow: Product Selling Price Variable Cost per Unit Contribution Margin per Unit AA $125 $85 $40 BB 90 40 50 The sales mix for Products AA and BB is 40% and 60%, respectively. Determine the break-even point in units of AA and BB. a. Product AA fill in the blank 1 unitsb. Product BB fill in the blank 2 units

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS