Sandy Bank, Inc, makes one model of wooden canoe Partial infermation for it ollo
ID: 2537601 • Letter: S
Question
Sandy Bank, Inc, makes one model of wooden canoe Partial infermation for it ollows Required: 1. Complete the following table. (Round your "Cost per Unir anawers to 2 decimal places) of Canoes Produced and 420 otal costs Variable Cost 58.800 138.600 S 197 400 S Fxed Costs otal Costs Cost per Unit Variable Cost per Unit Fixed Cont per Unit Total Cost per Unt 0.00 0.00 or $510 each Calcuiate the contribution margin per cance and the conerbution margn ratio (Round your intermediate calculations andwers to 2 decima places. Round your "percentage" answer to 2 decimal places. (i.e. 1234 Unit Contribuion Margin Margin RaboExplanation / Answer
1-
Units
420
610
730
total cost
variable cost
58800
85400
102200
fixed cost
138600
138600
138600
total cost
197400
224000
240800
cost per unit
variable cost per unit
140
140
140
fixed cost per unit
330
227.2131
189.863
total cost per unit
470
367.2131
329.863
2-
selling price per unit
510
less variable cost per unit
140
contribution margin per unit
370
contribution margin ratio
contribution margin/selling price
72.55%
3-
sales
780*510
397800
less variable cost
780*140
109200
contribution margin
288600
fixed cost
138600
EBIT
150000
4-
break even point in units =fixed cost/contribution margin per unit
138600/370
374.5946
break even point in dollar = fixed cost/contribution margin ratio
138600/72.55%
191040.7
5-
break even point in units to earn profit of 85000
(fixed cost +target profit)/contribution margin per unit
(138600+85000)/370
break even point in units
604.3243
1-
Units
420
610
730
total cost
variable cost
58800
85400
102200
fixed cost
138600
138600
138600
total cost
197400
224000
240800
cost per unit
variable cost per unit
140
140
140
fixed cost per unit
330
227.2131
189.863
total cost per unit
470
367.2131
329.863
2-
selling price per unit
510
less variable cost per unit
140
contribution margin per unit
370
contribution margin ratio
contribution margin/selling price
72.55%
3-
sales
780*510
397800
less variable cost
780*140
109200
contribution margin
288600
fixed cost
138600
EBIT
150000
4-
break even point in units =fixed cost/contribution margin per unit
138600/370
374.5946
break even point in dollar = fixed cost/contribution margin ratio
138600/72.55%
191040.7
5-
break even point in units to earn profit of 85000
(fixed cost +target profit)/contribution margin per unit
(138600+85000)/370
break even point in units
604.3243
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