Hermosa, Inc. produces one model of mountain bike. Partial information for the company follows: 480...
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Accounting
Hermosa, Inc. produces one model of mountain bike. Partial information for the company follows: 480 820 960 $ $ Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $115,200 ? ? ? ? ? ? ? ? ? ? ? ? $ 525.75 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level in the company sells each bike for $700. 4. Calculate Hermosa's break-even point in units and sales revenue. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 480 Units 820 Units 960 Units $ 115,200 Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 115,200 $ 0 $ $ 0.00 $ 525.75 $ 0.00 Recured Required 2 > Required 1 Requred 2 Required 4 Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated assuming the company sells each bike for $700. (Round your percentage answers to 2 decimal places. (.e. entered as 12.34%.)) 480 Units 820 Units 960 Units % Contribution Margin Ratio Total Contribution Margin % ********* DEL NUEVE. Required 1 Required 2 Required 4 Calculate Hermosa's break-even point in units and sales revenue. (Round your "Unit" and "Sales Revenue" ans nearest whole number.) Bikes Break-Even Units Break-Even Sales Revenue




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