Week 3 worksheet ch

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Week 3 worksheet ch
Northenscold Company sells several products. Information of average revenue and costs are as follows:

Selling price per unit \$20.00 Variable costs per unit: Direct materials \$4.00 Direct manufacturing labor \$1.60 Manufacturing overhead \$0.40 Selling costs \$2.00 Annual fixed costs \$96,000

1. Calculate the contribution margin per unit. CM= \$20 - \$4 - \$1.60 - \$0.40 - \$2 = \$12

Contribution Margin Ratio = CM/Selling Price =12/20=0.6

Thus, the breakeven point in total sales dollars is: Fixed Costs = 96000/0.6 = \$160,000
Contribution Margin Ratio

2. Calculate the number of units Northenscold’s must sell each year to break even.

FC/CM 96000/12 =8000units

3. Calculate the number of units Northenscold’s must sell to yield a profit of \$144,000.

(FC+ Profits)/CM = 96000+144000/12 = 20000 units

2. Berhannan’s Cellular sells phones for \$100. The unit variable cost per phone is \$50 plus a selling commission of 10%. Fixed manufacturing costs total \$1,250 per month, while fixed selling and administrative costs total \$2,500.
A. What is the contribution margin per phone?

CM per phone = \$100 - \$60 = \$40
B. What is the breakeven point in phones?

Breakeven in phones FC/CM = 3750/40 Breakeven Point = 94 phones

c. How many phones must be sold to earn a targeted profit of \$7,500?
(FC+ Profits)/CM = (3750+7500)/40 = 281.25 phones To achieve target profit: Must sell 282 phones

RSE Corporation sells its product for \$10 per unit. Its variable cost is \$3 per unit, and total fixed costs are \$700. Assuming next period’s estimated sales are 250 units and that 250 units is within the relevant range, calculate the following amounts:
a. Degree of operating leverage
b. Margin of safety in units
c. Margin of safety in revenues
d. Estimated income or loss (indicate which)
a. Expected profit @ 250 units = \$1,050 Degree of

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