Sooner Industries charges a price of $120 and has fixed cost of $458,000

Sooner Industries charges a price of $120 and has fixed cost of $458,000

Next year, Sooner expects to sell 15,600 units and make operating income of $166,000. What is the variable cost per unit? What is the contribution margin ratio? Round your answer to the nearest dollar. Enter the contribution margin ratio as a percentage, rounded to two decimal places.
Variable cost per unit $
Contribution margin ratio %

3. Last year, Jasper Company earned operating income of $22,500 with a contribution margin ratio of 0.25. Actual revenue was $235,000. Calculate the total fixed cost. Round your answer to the nearest dollar.
$

4. Laramie Company has variable cost ratio of 0.56. The fixed cost is $103,840 and 23,600 units are sold at breakeven. What is the price? What is the variable cost per unit? The contribution margin per unit? (Round answers to the nearest cent.)
Price $
Variable cost per unit $
Contribution margin per unit

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