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Bart's Bike Shop has the following income statement.Sales ($150 per unit)$150,000Less Cost of Goods ...
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Bart's Bike Shop has the following income statement.Sales ($150 per unit)$150,000Less Cost of Goods ...
Bart's Bike Shop has the following income statement.
Sales ($150 per unit)
$150,000
Less Cost of Goods sold ($96 per unit)
96,000
Gross margin
54,000
Less Operating costs
Salaries
$24,000
Advertising
12,000
Shipping ($6 per unit)
6,000
42,000
Operating income
$ 12,000
Required:
a.
Calculate the contribution margin per unit.
b.
Calculate the contribution margin ratio.
c.
Calculate the break-even point in units. In sales dollars.
d.
Calculate the margin of safety in units. In dollars.
Textbook
Managerial Accounting
Edition:
4
th
Author:
Davis
Read 36 times
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More solutions for this book are
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a.
$150 - ($96 + $6) = $48
b.
$48 ÷ $150 = 32%
c.
($24,000 + $12,000) ÷ $48 = 750 units; 750 × $150 = $112,500 or
($24,000 + $12,000) ÷ 32% = $112,500
d.
1,000 - 750 = 250 units; $150 × 250 = $37,500
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