Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10.Requirements1.Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.)2.Find the breakeven point in units and in dollars, using the contribution margin approach.%Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach.Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zeroamounts. Abbreviation used: CM = contribution margin.)Required sales in units+Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for anyzero amounts.)Required sales in dollars++%Activate WindowsChoose from any list or enter any number in the input fields and then continue to the next question.Go to Settings to activate Windows. Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10.Requirements1.Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.)2.Find the breakeven point in units and in dollars, using the contribution margin approach.Requirement 1. Compute the contribution margin per package and the contribution margin ratio.Begin by selecting the labels and entering the amounts to compute the contribution margin per package. (Round all amounts to two decimal places. Abbreviation used: CM = contribution margin.)CM per unitNow select the labels and enter the amounts to calculate the contribution margin ratio. (Enter amounts in the formula to two decimal places. Enter the contribution margin ratio as a whole percentage, X%.Abbreviation used: CM = contribution margin.)CM ratio%Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach.Activate WindowsChoose from any list or enter any number in the input fields and then continue to the next question.Ge te Settings to activate Windows

Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. ] = O% Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zero amounts. Abbreviation used: CM = contribution margin.) Required sales in units Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for a zero amounts.) = Required sales in dollars Activate Windows Chooce from a ny lict contor lde and thon continuo to the noxt quoction

Prima Step Co. produces sports socks. The company has fixed costs of $105,000 and variable costs of $1.05 per package. Each package sells for $2.10. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach. ] = O% Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two decimal places. Enter a "0" for any zero amounts. Abbreviation used: CM = contribution margin.) Required sales in units Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate breakeven point in dollars. (Enter a "0" for a zero amounts.) = Required sales in dollars Activate Windows Chooce from a ny lict contor lde and thon continuo to the noxt quoction

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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Computing breakeven sales No Slip Co. produces sports socks. The company has fixed costs of $91,080 and variable costs of $0.81 per package. Each package sells for $1.80. Requirements Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) Find the breakeven point in units and in dollars using the contribution margin approach.
1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Socks Unlimited needs to sell to earn a $22,000 operating income.
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $315 per unit and cost $214.20 per unit in variable costs to make. Fixed costs total $66,000. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: Denominator: 3. Compute Income if 6,200 units are produced and sold Income Contribution Margin Ratio Contribution margin ratio 0
A jeans maker is designing a new line of jeans called Slams. Slams will sell for $320 per unit and cost $220.80 per unit in variable costs to make. Fixed costs total $65,500. (Round your answers to 2 decimal places.) 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: Denominator: Contribution Margin Ratio %3D Contribution margin ratio %3D 3. Compute income if 6,100 units are produced and sold Income
SBD Phone Company sells its waterproof phone case for $98 per unit. Fixed costs total $182,000, and variable costs are $44 per unit. (1) Determine the contribution margin ratio. per unit Contribution margin Contribution Margin Ratio Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio (2) Determine the break-even point in dollars. Choose Numerator: Choose Denominator: Break-Even Point in Dollars Break-even point in dollars
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Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,500 units, and monthly production costs for the production of 1,200 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($100 fixed) Supervisor's salary. Maintenance ($250 fixed) Depreciation Total Cost $ 2,700 8,100 Suppose it sells each birdbath for $26. Required: 580 3,200 530 750 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,400 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round Variable cost…
Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells for $24. Calculate Juniper’s contribution margin per unit and contribution margin ratio. If the company’s fixed costs total $6,660, determine how many clocks Juniper must sell to break even. 1. Calculate Juniper’s contribution margin per unit and contribution margin ratio. unit contribution margin contribution marjin ratio 2. If the company’s fixed costs total $6,660, determine how many clocks Juniper must sell to break even.
CO INC. sells two products, LIGO and CHA. The company sells these products at the rate of 2 units of LIGO and 3 units of CHA. The contribution margin per unit of LIGO is P4 and of CHA is P2. The total fixed costs is P420,000. The selling price of LIGO is P10 and CHA is P8.Questions:1. What is the Weighted contribution margin per unit2. What is the Weighted contribution margin ratio. Round-off to 4 decimal places.3. What is the Break-even point in units4. What is the Break-even point in sales5. What is the Break-even point in pesos for LIGO6. What is the Break-even point is pesos for CHA
Gladstorm Enterprises sells a product for $53 per unit. The variable cost is $36 per unit, while fixed costs are $9,367. Determine the following: Round your answers to the nearest whole number.
Sharp Company makes and sells pencil sharpeners. The variable cost of each sharpener is $20. The sharpeners are sold for $30 each. Fixed operating expenses amount to $40,000. a. Determine the break-even point in units and sales dollars. b-1. Determine the sales volume in units and dollars that is required to attain a profit of $12,000. b-2. Prepare an income statement using the contribution margin format to verify your answer. c. Determine the margin of safety between sales required to attain a profit of $12,000 and break-even sales.
Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: E(Click the icon to view the information.) X Data Table Read the requirements Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: Total Per Unit % a. What is the total contribution margin? $ 81,250 $ Sales 25 ? The total contribution margin is $ ? Variable expenses Contribution.margin. 13,000 Fixed expenses $ 19,500 Operating income Done Print