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worty [1.4K]
3 years ago
9

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $16.80, and each clock sells for $28. Calculate Junipe

r’s contribution margin per unit and contribution margin ratio. If the company’s fixed costs total $8,400, determine how many clocks Juniper must sell to break even.
Business
1 answer:
Soloha48 [4]3 years ago
8 0

Answer:

For Juniper Enterprises to breakeven it must sell 607 units

Explanation:

To break-even means making sales where the proceeds from sales transactions equal the amount of total costs incurred,hence no gain no loss situation.

Break-even point in units=fixed cost/contribution per unit

fixed costs incurred is $8,400

contribution per unit=selling price per unit -variable cost per unit

selling price is $28

variable cost is $16.80

contribution per unit=$28-$16.80=$11.2 0

break-even in units =$6,800/$11.2 0=607 units

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Returns= {(New price- Old price) + Dividend} ÷ Old price

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8 0
2 years ago
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July bank service charge not
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Answer:

1. Adjusted cash balance per bank $13,760

Adjusted cash balance per books $13,760

2. Jul-31

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Explanation:

1. Preparation of a Bank reconciliation statement

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CRANE COMPANY

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