Reference no: EM132516522
Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense
For each of the following independent situations, calculate the amount(s) required.
Required:
Question 1. At the break-even point, Jefferson Company sells 105,000 units and has fixed cost of $350,500. The variable cost per unit is $0.20. What price does Jefferson charge per unit? Note: Round to the nearest cent. $
Question 2. Sooner Industries charges a price of $103 and has fixed cost of $484,000. Next year, Sooner expects to sell 10,300 units and make operating income of $194,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places.
Question 3. Last year, Jasper Company earned operating income of $23,500 with a contribution margin ratio of 0.25. Actual revenue was $235,000. Calculate the total fixed cost. Note: Round your answer to the nearest dollar, if required.
Question 4. Laramie Company has variable cost ratio of 0.45. The fixed cost is $82,500 and 30,000 units are sold at break-even. What is the price? What is the variable cost per unit? The contribution margin per unit? Note : Do NOT round interim computations. Round answers to the nearest cent.
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