80.2K

Verified Solution

Link Copied!

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: 1. At the break-even point, Jefferson Company sells 135,000 units and has fixed cost of $347,000. The variable cost per unit is $0.20. What price does Jefferson cha per unit? Note: Round to the nearest cent. $ 2. Sooner Industries charges a price of $140 and has fixed cost of $393,000. Next year, Sooner expects to sell 19,100 units and make operating income of $191,000 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. 3. Last year, Jasper Company earned operating income of $18,720 with a contribution margin ratio of 0.2 . Actual revenue was $234,000. Calculate the total fixed co: Note: Round your answer to the nearest dollar, if required. $ 4. Laramie Company has variable cost ratio of 0.35 . The fixed cost is $71,500 and 22,000 units are sold at break-even. What is the price? What is the variable cost p unit? The contribution margin per unit? Note : Do NOT round interim computations. Round answers to the nearest cent

Answer & Explanation Solved by verified expert

See Answer