Question

A furniture manufacturer specializes in wood tables. The tables sell for $ 75 per unit and...

A furniture manufacturer specializes in wood tables. The tables sell for $ 75 per unit and incur $ 25 per unit in variable costs. The company has $ 5,000 in fixed costs per month.

6.

Prepare a contribution margin income statement for one month if the company sells

550550

tables.

7.

What is the total contribution margin for the month when the company sells

550550

​tables?

8.

What is the unit contribution​ margin?

9.

What is the contribution margin​ ratio?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Wang Co. manufactures and sells a single product that sells for $540 per unit; variable...
1. Wang Co. manufactures and sells a single product that sells for $540 per unit; variable costs are $324 per unit. Annual fixed costs are $836,000. Current sales volume is $4,290,000. Compute the contribution margin per unit. 2. A firm expects to sell 24,800 units of its product at $10.80 per unit and to incur variable costs per unit of $5.80. Total fixed costs are $68,000. The total contribution margin is: 3. McCoy Brothers manufactures and sells two products, A...
Blanchard Company manufactures a single product that sells for $110 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $110 per unit and whose total variable costs are $88 per unit. The company’s annual fixed costs are $308,000. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of sales Sales Variable costs Contribution margin Fixed costs Net income Sales Variable costs Contribution margin Fixed costs Net income % Sales Variable costs Contribution margin Fixed costs...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are $76 per unit. The company’s annual fixed costs are $338,400. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of sales % Sales Variable costs Contribution margin Fixed costs $ (2) Assume the company’s fixed costs increase by $126,000. What amount of sales (in dollars) is needed...
A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $510...
A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $510 and has per-unit variable costs of $204 associated with its production. The company has fixed expenses of $30,000 per month. In May, the company sold 240 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. Contribution margin $ per unit B. Calculate the contribution margin ratio of the Bomber. Contribution margin ratio  % C. Prepare a contribution margin income...
A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $600...
A company manufactures and sells racing bicycles to specialty retailers. The Bomber model sells for $600 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $35,000 per month. In May, the company sold 240 of the Bomber model bikes. A. Calculate the contribution margin per unit for the Bomber. Contribution margin $____ per unit B. Calculate the contribution margin ratio of the Bomber. Contribution margin ratio  %___ C. Prepare a contribution margin income...
2. Carmelita Company sells 40,000 units at $18 per unit. Variable costs are $10 per unit,...
2. Carmelita Company sells 40,000 units at $18 per unit. Variable costs are $10 per unit, and fixed costs are $62,000. What is the unit contribution margin? _________________________ What is the contribution margin ratio? _________________________ What is income from operations? ___________________________
Lucent Manufacturing Company makes a product that it sells for $67 per unit. The company incurs...
Lucent Manufacturing Company makes a product that it sells for $67 per unit. The company incurs variable manufacturing costs of $14 per unit. Variable selling expenses are $13 per unit, annual fixed manufacturing costs are $186,000, and fixed selling and administrative costs are $362,800 per year. Contribution margin ratio % Break-even point in dollars Break-even point in units LUCENT MANUFACTURING COMPANY Contribution Margin Income Statement Sales Variable costs Contribution margin Fixed costs Net income
Calculate the total variable cost per unit. Variable cost per unit Calculate the total fixed expense...
Calculate the total variable cost per unit. Variable cost per unit Calculate the total fixed expense for the year. Total fixed expense for the year Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Product costs include: Direct materials per helmet $ 30 Direct labor per helmet 8 Variable factory overhead per helmet 4 Total fixed factory overhead 20,000 Variable...
Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table...
Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $400 after negotiations. In the month of January, it manufactures 3,200 tables and sells 2,400 tables. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. The following information is provided for the month of January: Variable manufacturing costs $130 per unit Fixed manufacturing costs $90,000 per month Fixed Administrative expenses $30,000 per month At...
Molly Company sells 37,000 units at $36 per unit. Variable costs are $30.60 per unit, and...
Molly Company sells 37,000 units at $36 per unit. Variable costs are $30.60 per unit, and fixed costs are $89,900. 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.) % b. Unit contribution margin (Round to the nearest cent.) $ per unit c. Income from operations