Sheffield Corp. produces tinted SPF 100 moisturizer that it sells for $160 each. Each bottle costs $16of variable costs to make. During the most recent quarter, 1300 bottles of moisturizer were manufactured and sold. Fixed costs for the quarter were $25 per unit for a total of $32500. What is the company's contribution margin ratio? 10%

Sheffield Corp. produces tinted SPF 100 moisturizer that it sells for $160 each. Each bottle costs $16of variable costs to make. During the most recent quarter, 1300 bottles of moisturizer were manufactured and sold. Fixed costs for the quarter were $25 per unit for a total of $32500. What is the company's contribution margin ratio? 10%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

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Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.
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