90.2K

Verified Solution

Link Copied!

Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for the period October through December, the company's third quarter: Required: a. What is the average selling price per tile? Note: Round your final answer to 2 decimal places. b. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. c. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. e. What is the break-even point? Note: Do not round intermediate calculations. f. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $16,605, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $16,605 in quarterly operating profit? Note: Do not round intermediate calculations. Belleterre Tiles makes tiles for flooring and other applications. The CFO of the company provides you with the following information for the period October through December, the company's third quarter: Required: a. What is the average selling price per tile? Note: Round your final answer to 2 decimal places. b. What is the average variable cost per tile? Note: Round your final answer to 2 decimal places. c. What is the average contribution margin per tile? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. What is the current operating profit for a quarter? Note: Do not round intermediate calculations. e. What is the break-even point? Note: Do not round intermediate calculations. t. The CFO tells you that the company owners have said that unless the quarterly operating profit exceeds $16,605, they will liquidate the company. How many tiles would have to be sold in a quarter for Belleterre Tile to earn $16,605 in quarterly operating profit? Note: Do not round intermediate calculations

Answer & Explanation Solved by verified expert

See Answer