PB5-4 1.) Seat Covers Produced & Sold 1,500 units 1,700 units 2,100 units Total

Question

PB5-4 1.) Seat Covers Produced & Sold 1,500 units 1,700 units 2,100 units Total Costs: Variable Costs 15,750 Fixed Costs per year TOTAL Costs Per Unit Variable Costs per unit Fixed Costs per unit Total Cost per unit 31.00 2) & 3) Seat Covers Produced & Sold 1,500 units 1,700 units 2,100 units Total Revenue/Sales Less Total Variable Costs Contribution Margin Less Fixed Costs Profit Contribution Margin Ratio 1.)complete the table 2.) Identify three costs that would be classified as fixed and three as variable costs for this company. 3.) Suppose Paddle Away sells its canoes for $500 each. Calculate the contribution margin per conoe and the contribution margin ratio. 4.) Next year Paddle Away expect to sell 800 canoes. Prepare a contributions margin income statement for the company.

Explanation / Answer

Total cost=fiixed cost+variable cost using this (1500+1700+2100) *31=195300 so1500* fixed cost per unit+fixed cost per year+1500*variable cost per year=195300-15750=179550

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