Homework Answers
Answer:
Selling price per unit = $1,100
Variable cost per unit = $550
Contribution Margin per unit = Selling price per unit - Variable
cost per unit
Contribution Margin per unit = $1,100 - $550
Contribution Margin per unit = $550
Contribution Margin ratio = Contribution Margin per unit /
Selling price per unit * 100
Contribution Margin ratio = $550 / $1,100 * 100
Contribution Margin ratio = 50%
Break Even Sales = Fixed Cost / Contribution Margin ratio
Break Even Sales = $33,000 / 0.50
Break Even Sales = $66,000
Current Sales = 85 * $1,100
Current Sales = $93,500
Margin of Safety (in Dollar) = Current Sales – Break Even
Sales
Margin of Safety (in Dollar) = $93,500 - $66,000
Margin of Safety (in Dollar) = $27,500
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Question 18 15 points Stones Manufacturing, sells a marble slab for $1000. Fixed costs are $35,000,...
Question 18 15 points Stones Manufacturing, sells a marble slab for $1000. Fixed costs are $35,000, while the variable costs are $450 per slab. The company currently plans to sell 230 slabs this month. What the margin of safety assuming 85 slabs are budgeted? $35,000 $166,363.636 $21,363.6364 $62,863.6364
Stones Manufacturing, sells a marble slab for $1500. Fixed costs are $31,000, while the variable costs...
Stones Manufacturing, sells a marble slab for $1500. Fixed costs
are $31,000, while the variable costs are $450 per slab. The
company currently plans to sell 240 slabs this month. What is the
margin of safety assuming 75 slabs are budgeted?
$207,714.286
$31,000
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$315,714.286
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are $31,000, while the variable costs are $450 per slab. The
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below:
Southwestern College is planning to hold a fund raising banquet at
one of the local country clubs. It has two options for the
banquet:
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unit. Fixed costs total $193,800, and variable costs are $34 per
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