Price, Variable Cost per Unit, Contribution Margin, Contribution Margin Ratio, Fixed Expense For each...

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Accounting

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:
At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $348,600. The variable cost per unit is $0.40. What price does Jefferson charge per unit? Note: Round to the nearest cent.
Sooner Industries charges a price of $84 and has fixed cost of $430,000. Next year, Sooner expects to sell 16,300 units and make operating income of $160,000. 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.
Variable cost per unit per unit
Contribution margin ratio %
3. Last year, Jasper Company earned operating income of $22,200 with a contribution margin ratio of 0.25. Actual revenue was $222,000. Calculate the total fixed cost.
Note: Round your answer to the nearest dollar, if required.
4. Laramie Company has variable cost ratio of 0.35. The fixed cost is $101,400 and 26,000 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.
Price
Variable cost per unit
Contribution margin per unit
$
$
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