What price does Jefferson charge per unit

Assignment Help Accounting Basics
Reference no: EM132700253

Problem - For each of the following independent situations, calculate the amount(s) required.

1. At the break-even point, Jefferson Company sells 115,000 units and has fixed cost of $349,600. The variable cost per unit is $4.56. What price does Jefferson charge per unit?

2. Sooner Industries charges a price of $120 and has fixed cost of $458,000. Next year, Sooner expects to sell 15,600 units and make operating income of $166,000. What is the variable cost per unit? What is the contribution margin ratio?

3. Last year, Jasper Company earned operating income of $22,500 with a contribution margin ratio of 0.25. Actual revenue was $235,000. Calculate the total fixed cost.

4. Laramie Company has a variable cost ratio of 0.56. The fixed cost is $103,840 and 23,600 units are sold at breakeven. What is the price? What is the variable cost per unit? The contribution margin per unit?

Reference no: EM132700253

Questions Cloud

How do determine the cost per unit for each group : Group 1 has 350 units, The purchase price for all units was $9,000. Determine the cost per unit for each group. Use the relative sales value method.
What the accumulated amortization at the end : On January 1, 2017, Coco Co. purchased a machine for $65,000, What the accumulated amortization at the end of 2020 fiscal year would be
Correlation of emotional intelligence : There is much to be said about the theory and correlation of emotional intelligence (EI) related to organizational success and long-term sustainability
Define operations management : Define operations management and discuss the role of the operations manager in a manufacturing company.
What price does Jefferson charge per unit : Jefferson Company sells 115,000 units and has fixed cost of $349,600. The variable cost per unit is $4.56. What price does Jefferson charge per unit
Performing a business impact analysis : What are the 5 things you must consider when performing a business impact analysis? With references please.
Which contrasting assurance and non-assurance engagements : In comparing and contrasting assurance and non-assurance engagements, which of the following statements is true? Both assurance and non-assurance engagements
Calculate contribution margin ratio and variable cost ratio : Total fixed factory overhead is $26,500 per year, Calculate the contribution margin ratio and the variable cost ratio
Creation of goals and performance measurements : Could benchmarking also work in the creation of goals and performance measurements in your current position?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd