Homework Answers
a) Total contribution margin :
variable cost per unit = 2+3+3.1 = 8.10 per unit
Total Contribution margin = (21-8.10)*11700 = $150930
b) Unit contribution margin = Selling price per unit -Variable cost per unit = 21-8.10 = 12.90
c) Contribution margin ratio = Unit contribution margin/Selling price = 12.9/21 = 61.43%
d) Profit increase by = 2060*12.9 = $26574
Add Answer to:
Problem 5-121 [LO 5-5) Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs...
Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00...
Chilton, Inc. sold 11,700 units last year for $21 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.40 for variable overhead. Fixed costs were $61,800 in manufacturing overhead and $41,100 in nonmanufacturing costs. a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) b. What is the unit contribution margin? (Round your answer to 2 decimal places.) c. What is the contribution margin ratio? (Round your intermediate calculations...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.20 for variable overhead. Fixed costs were $60,000 in manufacturing overhead and $40,300 in nonmanufacturing costs. a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Contribution Margin b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contribution Margin c. What is the contribution...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were $3,570 and variable costs were $12 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Required 1 Required 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your contribution Margin Ratio to...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit contribution margin...
The following are the selling price, variable costs, and contribution margin for one unit of each...
The following are the selling price, variable costs, and contribution margin for one unit of each of Banner Company’s three products: A, B, and C: Product A B C Selling price $ 110.00 $ 150.00 $ 170.00 Variable costs: Direct materials 69.50 72.50 117.50 Direct labour 6.00 20.00 8.00 Variable manufacturing overhead 1.50 5.00 2.00 Total variable cost 77.00 97.50 127.50 Contribution margin $ 33.00 $ 52.50 $ 42.50 Contribution margin ratio 30 % 35 % 25 % Due to...
Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,600 units...
Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,600 units of its only product and incurred a $46,568 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $146,000. The maximum output capacity of...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 450 620 720 Total costs 67,050 152,100 S 219,150 $ Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00$ 0.00 $ 0.00 2. Suppose Sandy Bank sells its cances for $560...
Chapter 6 Assignment i Saved Last month, Laredo Company sold 550 units for $75 each. During...
Chapter 6 Assignment i Saved Last month, Laredo Company sold 550 units for $75 each. During the month, fixed costs were $5,577 and variable costs were $42 per unit. 10 points Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. eBook Complete this question by entering your answers in the tabs below. Hint Required...
Chilton, Inc. sold 12.900 units last year for $20 each. Variable costs per unit were $2.00 for direct materials, $2.10 for direct labor, and $3.20 for variable overhead. Fixed costs were $60,000 in manufacturing overhead and $40,300 in nonmanufacturing costs. a. What is the total contribution margin? (Round your intermediate calculations to 2 decimal places.) Total Contribution Margin b. What is the unit contribution margin? (Round your answer to 2 decimal places.) Unit Contribution Margin c. What is the contribution...
Vaughn, Inc. sold 17,000 units last year for $190 each. Variable costs per unit were $48 for direct materials, $38 for direct labor, and $10 for variable overhead. Fixed costs were $35,000 in manufacturing overhead and $37.000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % ho d. If sales increase by 6,000 units, by...
Vaughn, Inc. sold 13,000 units last year for $180 each. Variable costs per unit were $36 for direct materials, $63 for direct labor, and $9 for variable overhead. Fixed costs were $22,000 in manufacturing overhead and $25,000 in nonmanufacturing costs. a. What is the total contribution margin? Total Contribution Margin b. What is the unit contribution margin? Unit Contribution Margin c. What is the contribution margin ratio? Contribution Margin Ratio % d. If sales increase by 3,000 units, by how...
Last month, Laredo Company sold 600 units for $80 each. During the month, fixed costs were $3,570 and variable costs were $12 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Required 1 Required 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your contribution Margin Ratio to...
N and variable costs were $9 per Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit contribution margin...
Required information (The following information applies to the questions displayed below.) Astro Co. sold 19,600 units of its only product and incurred a $46,568 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $146,000. The maximum output capacity of...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 450 620 720 Total costs 67,050 152,100 S 219,150 $ Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00$ 0.00 $ 0.00 2. Suppose Sandy Bank sells its cances for $560...
Chapter 6 Assignment i Saved Last month, Laredo Company sold 550 units for $75 each. During the month, fixed costs were $5,577 and variable costs were $42 per unit. 10 points Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. eBook Complete this question by entering your answers in the tabs below. Hint Required...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago