xC Chegg Study Guided So CSecure httpsedugenwileypluscomedu

xC Chegg Study | Guided So CSecure https://edugen.wileyplus.com/edugen/lti/main.uni WileyPLUS Assignment > Open Assignment CALCULATOR PRINTER VERSION RACK NFXT ASSIGNMENT RESOURCES Brief Exercise 19-1 CH 19 HW rief Exercise 19 Determine the missing amounts. (Round answers to 0 decimal places, e.g. 250.) Unit Selling Price Unit Variable Unit Contribution Contribution Margin Costs Margin Ratio $340 $130 | % (b) Rrief Fxercise 19-6 Brief Exercise 19-1 2. $510 $210 % (d) (e) s $260 30% Click if you would like to Show Work for this question: Open Show Work rief Brief Exercise 19-14 9- LINK TO TEXT By accessng thls Question Asslstance, you will learn while you earn polnts based on the Polnt Potential Policy set by your Instructor Question Attempts: 0 of 4 used SAVE FOR LAIEH SUBMII ANSWER Earn Maximum Points available only if you answer this question correctly in three attempts or less. Objective y & SnsInG. All Rights Reserved, A Division of Version 4.24.6.2 3:10 PM 6/11/2018 2

Solution

1). Selling Price      $340
Less: Var. cost       $130
Unit Cont. margin   $210
Contribution Margin Ratio = Contribution / Sales
= 210 / 340 = 61.76% or 62%

2). Variable Cost = Selling Price - Contribution
Var. cost = $510 - $210 = $300
Contribution Margin Ratio = Contribution / Sales
= 210 / 510 = 41.17 % or 41%

3). Selling Price = Contribution / Contribution margin ratio
= $260 / 0.30 = $866.67 or $867
Variable cost = Selling Price - Contribution
Variable Cost = $867 - $260 = $607