Exercise 1817 (Part Level Submission) Felde Bucket Co., a
manufacturer of rain barrels, had the following...
Exercise 1817 (Part Level Submission) Felde Bucket Co., a
manufacturer of rain barrels, had the following data for 2016.
Sales 2,000 units Sales price $30 per unit Variable costs $18 per
unit Fixed costs $11,520 Collapse question part (a) Correct answer.
Your answer is correct. What is the contribution margin ratio?
(Round answer to 0 decimal places, e.g. 5,275.) Contribution margin
ratio Entry field with correct answer 40 % Click if you would like
to Show Work for this question:...
Sunland Corp. had total variable costs of $193,800, total fixed
costs of $133,300, and total revenues...
Sunland Corp. had total variable costs of $193,800, total fixed
costs of $133,300, and total revenues of $340,000.
Compute the required sales in dollars to break even.
Required sales
$
Amanda Company reports the following total costs at two levels
of production.
Classify each cost as variable, fixed, or mixed.
5,000 Units
10,000 Units
Indirect labor
$ 3,000
$ 6,000
Fixed CostsMixed CostsVariable Costs
Property taxes
7,000
7,000
Fixed CostsMixed CostsVariable Costs
Direct labor
28,000
56,000
Fixed CostsMixed CostsVariable Costs...
Last month Watchworks Company had a $60,000 loss on sales of
$300,000. Fixed costs are $120,000...
Last month Watchworks Company had a $60,000 loss on sales of
$300,000. Fixed costs are $120,000 a month. Answer the following
questions:
a. What was the contribution margin percentage?
b. What monthly sales volume (in dollars) would be needed to
breakeven?
c. What sales volume (in dollars) would be needed to earn
$150,000?
Blossom Corp.’s sales slumped badly in 2020. For the first time
in its history, it operated...
Blossom Corp.’s sales slumped badly in 2020. For the first time
in its history, it operated at a loss. The company’s income
statement showed the following results from selling 500,500 units
of product: sales $2,502,500, total costs and expenses $2,615,550,
and net loss $113,050. Costs and expenses consisted of the amounts
shown below.
Total
Variable
Fixed
Cost of goods sold
$2,155,090
$1,491,490
$663,600
Selling expenses
250,250
92,092
158,158
Administrative expenses
210,210
68,068
142,142
$2,615,550
$1,651,650
$963,900
Management is considering the...
Blossom Company makes radios that sell for $30 each. For the
coming year, management expects fixed...
Blossom Company makes radios that sell for $30 each. For the
coming year, management expects fixed costs to total $210,000 and
variable costs to be $18 per unit.
Compute the breakeven point in dollars using the contribution
margin (CM) ratio.
Breakeven point
$
Compute the margin of safety ratio assuming actual sales are
$700,000. (Round margin of safety ratio to 2 decimal
places, e.g. 10.50.)
Margin of safety
%
Compute the sales dollars required to earn net income of
$150,000....
Exercise 62 (Video)
In the month of June, Jose Hebert’s Beauty Salon gave 4,200
haircuts, shampoos,...
Exercise 62 (Video)
In the month of June, Jose Hebert’s Beauty Salon gave 4,200
haircuts, shampoos, and permanents at an average price of $40.
During the month, fixed costs were $16,800 and variable costs were
75% of sales.
Determine the contribution margin in dollars, per unit and as a
ratio. (Round contribution margin and contribution
margin per unit to 2 decimal places, e.g.
5.75.)
Contribution margin
$
Contribution margin per unit
$
Contribution margin ratio
%
LINK TO TEXT
Using...
Exercise 227 In the month of March, Style Salon services 560
clients at an average price...
Exercise 227 In the month of March, Style Salon services 560
clients at an average price of $120. During the month, fixed costs
were $21,024 and variable costs were 60% of sales. Determine the
contribution margin in dollars, per unit, and as a ratio. (Round
answers to 0 decimal places, e.g. 1,225.) Contribution margin $
Contribution margin per unit $ Contribution margin ratio % LINK TO
TEXT LINK TO TEXT Using the contribution margin technique, compute
the breakeven point in...
Carla Vista Bucket Co., a manufacturer of rain barrels, had the
following data for 2019.
Sales...
Carla Vista Bucket Co., a manufacturer of rain barrels, had the
following data for 2019.
Sales
2,330
units
Sales price
$70
per unit
Variable costs
$42
per unit
Fixed costs
$32,620
(a)
Correct answer iconYour answer is correct.
What is the contribution margin ratio?
Contribution margin ratio
%
(b)
Correct answer iconYour answer is correct.
What is the breakeven point in dollars?
Breakeven point
$
(c)
What is the margin of safety in dollars and as a ratio?
Margin of...
Toler Company sells flags with team logos. Toler has fixed costs
of $ 1,680,000 per year...
Toler Company sells flags with team logos. Toler has fixed costs
of $ 1,680,000 per year plus variable costs of $ 7.20 per flag.
Each flag sells for $ 24.00.
Requirement 1. Use the equation approach to
compute the number of flags Toler must sell each year to break
even.
First, select the formula to compute the required sales in
units to break even.
Net sales revenue

Variable costs

Fixed costs
=
Target profit
Rearrange the formula you...