Munoz Corporation produced 215,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $645,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin $ $ $ 1,290,000 1,935,000
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- The sales price per unit is 13 for the Voyageur Companys only product. The variable cost per unit is 5. In 2016, the company sold 80,000 units, which was 10,000 units above the break-even point. Compute the following: 1. Total fixed expenses. (Hint: First compute the contribution margin per unit.) 2. Total variable expense at the break-even volume.Solomon Corporation produced 205,000 watches that it sold for $17 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $615,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin < Prev 5 of 16 NextRundle Corporation produced 209,000 watches that it sold for $20 each during year 2 The company determined that fixed manufactunng cost per unit was S8 per wetch. The company reported a $1463000 gross margin on its year 2 financial statements Required Determine the vanable cost per unt,he total variatle product cost, and the total contribution margin Vale cond per Tot vare priht ce Tutal cont n mgn
- Walton Corporation produced 220,000 watches that it sold for $19 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,100,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution marginEstrada Corporation produced 203,000 watches that it sold for $20 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,624,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution marginHudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Income $ 217,000 If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
- Estrada Corporation produced 216,000 watches that it sold for $17 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $864,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution marginHyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year $170 $60 $6 OA. $107,200 OB. $334.000 OC. $350,800 OD. $238,000 $35,000 $9,000 1,700 1,400 Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the nearest whole dollar)Last month when Holiday Creations, Incorporated, sold 41,000 units, its sales, variable expenses, and fixed expenses were $164,000, $136,120, and $38,600, respectively. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the company's variable expense ratio? Note: Do not round intermediate calculations. 1. Contribution margin ratio 2. Variable expense ratio 17 % %
- Margin of Safety Heads-Up Company sold 6,600 scooter helmets at $80.00 each this fiscal year. Unit variable costs were $50.00 (includes direct material, direct labor, variable manufacturing overhead, and variable selling expense). Total fixed costs equaled $82,500 (includes fixed manufacturing overhead and fixed selling and administrative expense). Operating income for the year was $115,500. Calculate the margin of safety in units. Select one: a. 3,850 b. 1,375 c. 6,600 d. 4,400 e. 2,750JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement Per Unit $ 6.00 For Year Ended December 31 Sales (470,000 units) Variable costs Direct materials Direct labor Variable overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income 1.51 0.39 0.60 3.50 0.30 0.25 $ 2.95 Annual Total $ 2,820,000 709,700 183,300 282,000 1,645,000 Required: 1. Compute income from the special offer. 2. Should the company accept or reject the special offer? 141,000 117,500 $ 1,386,500 A potential customer offers to buy 57,000 units for $2.90 each. These sales would not affect the company's sales through its normal channels. Details about the special offer follow. Direct materials cost per unit and variable overhead cost per unit would not change. • Direct labor cost per unit would be $0.50 because the offer would require overtime pay. • Accepting the offer would require incremental fixed…Saved He Homework Estrada Corporation produced 211,000 watches that it sold for $19 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,266,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution margin