Accounting

In September, Wildhorse Industries sold 820 units of product. The average sales price was $45. During the month, fixed costs were $7,434 and variable costs were 60% of sales.

(a)

Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275. Other all answers to 2 decimal places, e.g. 52.75.)

Contribution margin (in dollars)		$enter a dollar amount rounded to 0 decimal places
Unit contribution margin		$enter a dollar amount rounded to 2 decimal places
Contribution margin ratio		enter percentages rounded to 0 decimal places

2.  Sandhill Co. estimates that variable costs will be 70% of sales and fixed costs will total $2,889,900. The selling price of the product is $13.00, and 780,000 units will be sold.
Using the mathematical equation,

(a)

Compute the break-even sales units and sales dollars.

Break-even sales units		enter a number of units	units
Break-even sales dollars		$enter a dollar amount

3. Blossom, Inc. has a unit selling price of $520, variable cost per unit of $310, and total fixed costs of $261,030.
Compute the break-even salesunits and sales dollars.

Break-even point (in units)		enter a number of units	units
Break-even point (in dollar)		$enter a dollar amount