1. Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) Bikes Produced and Sold 390 Units 810 Units 1090 Units Total costs Variable costs $ 120,900 Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 554.00 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $630. (Round your Margin Ratio percentage answers to 2 decimal places (l.e..1234 should be entered as 12.34%).) 390 Units Total Contribution Margin Contribution Margin Ratio % 810 Units % 1090 Units % 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $630. (Round your answers to the nearest whole dollar amount.) 390 Units 810 Units 1090 Units Net Operating Income (Loss)
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Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.) Bikes Produced and Sold 390 Units 810 Units 1090 Units Total costs Variable costs $ 120,900 Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed Show more…
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Miller Company's total sales are $210,000. The company's direct labor cost is $25,200, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $31,500, and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories, and its manufacturing overhead costs are entirely fixed costs. Required: 1. What is the total manufacturing overhead cost? 2. What is the total direct materials cost? 3. What is the total manufacturing cost? 4. What is the total variable selling and administrative cost? 5. What is the total variable cost? 6. What is the total fixed cost? 7. What is the total contribution margin?
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Break-Even Units, Contribution Margin Ratio, Margin of Safety Khumbu Company's projected profit for the coming year is as follows: Total Per Unit Sales: $3,105,375 ($45.50) Total variable cost: $1,304,258 ($19.11) Contribution margin: $1,801,117 ($26.39) Total fixed cost: $1,447,726 Operating income: $353,391 Required: 1. Compute the break-even point in units. If required, round your answer to the nearest whole value. (units) 2. How many units must be sold to earn a profit of $240,000? If required, round your answer to the nearest whole value. (units) 3. Compute the contribution margin ratio. If required, round your answer to the nearest whole number. (%) Using the rounded ratio from above, compute the additional profit that Khumbu would earn if sales were $160,000 more than expected. ($) 4. For the projected level of sales, compute the margin of safety in units. (units)
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Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (20,000 units) $ 300,000 $ 15.00 Variable expenses 180,000 9.00 Contribution margin 120,000 $ 6.00 Fixed expenses 70,000 Net operating income $ 50,000 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 15%? 2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 25%? 3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%? 4. What is the revised net operating income if the selling price per unit increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%?
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