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Homework answers / question archive / Compute the missing amounts for the following table: (Click the icon to view the table,) Compute the missing amounts, (Enter the contribution margin ratio to nearest percent, X%
Compute the missing amounts for the following table: (Click the icon to view the table,)
Compute the missing amounts, (Enter the contribution margin ratio to nearest percent, X%.)
A
Sale price per unit Variable costs per unit Total fixed costs Target profit Contribution margin per unit Contribution margin ratio Required units to break even Required sales dollars to break even Required units to achieve target profit
1,400
273.000 630.000 700
B
2,940 1,097 600 24,892,000
C
40 %
2,500 1,250
1,562,500
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| A | B | C | |
| Sales Price per Unit (Contribution Margin pr Unit/(1-Contribution Margin ratio) | $1,400 | 4900 | $2,500 |
| Variable Cost per Unit | $700 | 2940 | 1250 |
| Total Fixed Costs (Contribution Margin per Unit*Required Units to Breakeven) | $273,000 | 1097600 | $406,250 |
| Target Profit | $630,000 | 24892000 | 1562500 |
| Contribution Margin per Unit (Sales Price per Unit-Variable Cost per Unit) | $700 | 1960 | $1,250 |
| Contribution Margin Ratio (Contribution margin per Unit/Sales Price per Unit) | 50.00% | 40% | 50.00% |
| Required Units to Breakeven (Fixed Cost/Contribution Margin per Unit) | 390 | 560 | 325 |
| Required Sales Dollars to Breakeven (Fixed Cost/Contribution Margin ratio) | $546,000 | 2744000 | $812,500.00 |
| Required Units to achieve Target Profit ((Fixed Cost+Target Profit)/Contribution Margin per Unit) | 1290 | 13260 | 1575.00 |
