Problem 1 – Consider each of the following situations independently. Fill in the blanks with the appropriate...
Problem 1 – Consider each of the following situations independently. Fill in the blanks with the appropriate information.
1.
|
Units Sold |
Total Sales |
Variable Cost Percentage |
Variable Cost per Unit |
Contribution Margin per Unit |
Total Fixed Costs |
Net Income/ (Loss) |
|
20,000 |
$360,000 |
$9.90 |
$40,000 |
Homework Answers
Answer:
Selling price per unit = $360000 / 20000 units = $18
Variable cost percentage = $9.90 / $18 = 55%
Contribution Margin per Unit = $18 - $9.90 = $8.10
Total Contribution = $8.10 x 20000 units = $162000
Total Fixed Costs = Total Contribution - Net Income = $162000 - $40000 = $122000
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Please show steps and include all work, thank you! Will give a
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Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Variable Cost Contribution Total Fixed Net Income/ Percentage Margin per Costs (Loss) Unit 20,000 $360,000 $9.90 $40,000 per Unit Work: Total Sales Number of Units Sold Selling Price per Unit Variable Cost Per Unit Total Fixed Costs Total Contribution rgin...
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