Homework Answers
Selling price = $60
Less: Variable cost = ($24)
Contribution margin = $36
Contribution margin ratio = Contribution margin / Selling price = $36 / $60
Contribution margin ratio = 0.60 or 60%
therefore
Contribution margin ratio = 60%
Break-even sales in dollars = Fixed Cost / Contribution margin ratio
= $145,728 / 0.60
= $242,880
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Sheffield Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
5,000
units
Sales price
$130
per unit
Variable costs
$52
per unit
Fixed costs
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What is the contribution margin ratio? (Round
answer to 0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
What is the break-even point in dollars? (Round
intermediate calculation and final answers to 0 decimal places,
e.g. 5,275.)
Break-even point
$
LINK TO...
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Bridgeport Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
3,300
units
Sales price
$100
per unit
Variable costs
$37
per unit
Fixed costs
$172,557
(a)
Your answer is correct.
What is the contribution margin ratio? (Round answer to
0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
Click if you would like to
Show Work for this question:
Open Show Work
SHOW SOLUTION
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
Attempts: 1 of...
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Bridgeport Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
3,300
units
Sales price
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Variable costs
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per unit
Fixed costs
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(a)
What is the contribution margin ratio? (Round answer to
0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
Click if you would like to Show Work for this
question:
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Sheffield Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
5,000
units
Sales price
$130
per unit
Variable costs
$52
per unit
Fixed costs
$347,100
What is the contribution margin ratio? (Round
answer to 0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
What is the break-even point in dollars? (Round
intermediate calculation and final answers to 0 decimal places,
e.g. 5,275.)
Break-even point
$
LINK TO...
Bridgeport Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
3,300
units
Sales price
$100
per unit
Variable costs
$37
per unit
Fixed costs
$172,557
(a)
Your answer is correct.
What is the contribution margin ratio? (Round answer to
0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
Click if you would like to
Show Work for this question:
Open Show Work
SHOW SOLUTION
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
Attempts: 1 of...
Bridgeport Co., a manufacturer of rain barrels, had the
following data for 2016.
Sales
3,300
units
Sales price
$100
per unit
Variable costs
$37
per unit
Fixed costs
$172,557
(a)
What is the contribution margin ratio? (Round answer to
0 decimal places, e.g. 5,275.)
Contribution margin ratio
%
Click if you would like to Show Work for this
question:
Exercise 19-17 Felde Bucket Co., a manufacturer of rain barrels, had the following data for 2016. Sales Sales price Variable costs Fixed costs 2,500 units $40 per unit $26 per unit $19,600 What is the contribution margin ratio? (Round answer to o decimal places, e.g. 5,275.) Contribution margin ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS What is the break-even point in dollars? (Round intermediate calculation and final answers to 0 decimal places, e.g. 5,275.)...
Exercise 5-17 Wildhorse Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales Sales price Variable costs Fixed costs 2,950 units $40 per unit $24 per unit $21,240 What is the contribution margin ratio? X Contribution margin ratio % What is the break-even point in dollars? x! Break-even point What is the margin of safety in dollars and as a ratio? X Margin of safety X Margin of safety ratio %
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