Question

Eastland Corp. had total variable costs of $150,000, total fixed costs of $120,000, and total revenues...

Eastland Corp. had total variable costs of $150,000, total fixed costs of $120,000, and total revenues of $250,000.

(a1)

Your answer is correct.
Calculate contribution margin ratio.
Contribution margin ratio %

SHOW SOLUTION

SHOW ANSWER

LINK TO TEXT

Attempts: 1 of 5 used

(a2)

Compute the required sales in dollars to break even.
Required sales $

Homework Answers

Answer #1

Refer the below image for the above mentioned question:

Please Upvote!

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
Exercise 18-17 (Part Level Submission) Felde Bucket Co., a manufacturer of rain barrels, had the following...
Exercise 18-17 (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 break-even? 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...
Exercise 6-2 (Video) In the month of June, Jose Hebert’s Beauty Salon gave 4,200 haircuts, shampoos,...
Exercise 6-2 (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...
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 break-even point in dollars using the contribution margin (CM) ratio. Break-even 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....
Given the following information for Baugh Company:        Total fixed costs                       $78,000  &nb
Given the following information for Baugh Company:        Total fixed costs                       $78,000        Unit variable costs                          $24        Unit selling price                            $36 Required: a.    Compute the contribution margin per unit. b.    Compute the contribution-margin ratio. c.    Compute the break-even point in units. d.           Compute the break-even volume in dollars
Exercise 22-7 In the month of March, Style Salon services 560 clients at an average price...
Exercise 22-7 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 break-even 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 break-even point in dollars? Break-even 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...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT