1. The manufacturing cost of Lancer Industries for three months of the year are provided...
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1. The manufacturing cost of Lancer Industries for three months of the year are provided below: Total Cost Production $63,100 80,920 1200 Units 1,800 400 Ma Using the high-low method, determine the (a) variable cost per unit, and (b) the total fixed costs. ANS. a. b. Halley Company sells 30,000 units at $15 per unit. Variable costs are $9 per unit, and fixed costs are $42,000. Determine the (a) contribution margin ratio, (b) unit contribution margin, and (c) income 2. from operations ANS. a. b. The Jamestown Company sells a product for $150 per unit. The variable cost is $60 per unit, and fixed costs are $270,000. D etermine the (a) break-even point in sales units, and (b) break-even points in sales units if the company desires a target profit of $36,000. (c) How many units are needed to produce a profit? 3
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