Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: ...
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Accounting
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows:
| Number of bikes produced and sold | 490 | 790 | 930 | |||
| Total costs | ||||||
| Variable costs | $ | 119,070 | $ | ? | $ | ? |
| Fixed costs per year | ? | ? | ? | |||
| Total costs | ? | ? | ? | |||
| Cost per unit | ||||||
| Variable cost per unit | ? | ? | ? | |||
| Fixed cost per unit | ? | ? | ? | |||
| Total cost per unit | ? | $ | 516.75 | ? | ||
Required: 1. Complete the table.
2. Calculate Hermosas contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $830.
4. Calculate Hermosas break-even point in units and sales revenue.
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