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kherson [118]
3 years ago
8

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells for $24. Calculate Juniper’s

contribution margin per unit and contribution margin ratio. If the company’s fixed costs total $6,660, determine how many clocks Juniper must sell to break even.
Business
1 answer:
julsineya [31]3 years ago
6 0

Answer:

The break even units of clock is 370 units.

Explanation:

Juniper Enterprises sells handmade clocks.

The variable cost per clock is $6.

The price of per unit of clock is $24.

The contribution margin per unit

= Sales - Variable cost

= $24 - $6

= $18

Break even units

= \frac{Total\ fixed\ costs}{Contribution\ unit}

= \frac{6,660}{18}

= 370 units

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Answer and Explanation:

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Cash A/c ($6 × 84,500)       Dr.    $507,000

 To Common stock A/c    ($3 ×84,500)          $253,500

 To Paid in capital in excess of stated value common stock A/c  $253,500      

On Mar. 1

Cash A/c($110 × 5,150) A/c       Dr.      $566,500

     To Preferred stock A/c ($100 × 5150)       $515,000

    To Paid in capital in excess of par –preferred stock A/c    $51,500

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On April 1

Land A/c            Dr.       $81500

    To Common stock A/c ($3 × 23,500)  $70,500

    To Paid in capital in excess of stated value common stock A/c    $11,000

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On May 1

Cash A/c ($5 × 84,000)           Dr.       $420,000

    To Common stock A/C($3 × 84,000)        $252,000

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On Aug. 1

Organizational expenses A/c             Dr.      $39,500

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