20Q Session 1B (questions 11-20). Thanks for quick response.11. Randy’s Tire Land makes a product that sells for $67 per unit and has $40 per unit variable costs.

Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the

company recognize on its income statement?

12. Ritz Furniture has a contribution margin ratio of 0.10. If fixed costs are $167,700, how many dollars of

revenue must the company generate in order to reach the breakeven point?

13. U.S. Telephone Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling

commission of 10% (based on the unit sales price per phone). Fixed manufacturing costs total $1,180 per

month, while fixed selling and administrative costs total $2,230. How many phones must be sold to

achieve the breakeven point?

14. Swimkids is a swimsuit manufacturer. They sell swimsuits at a selling price of $30 per unit. Swimkids

variable costs are $18 per unit. Fixed costs are $87,000. Swimkids expects sales of $274,900 next year.

What is Swimkids’s margin of safety (in dollars)?

15. Lambardi Company sells three types of bags. Bag A sells for $17 and has variable costs of $9.00 per

unit. Bag B sells for $12 and has variable costs of $12.00 per unit. Bag C sells for $7 and has variable

costs of $6.00 per unit. Lambardi sells a mix of 2 units of A, 3 units of B, and 5 units of C. What is the

weighted average contribution margin per unit for Lambardi?

16. Product A has a contribution margin per unit of $500 and required 2 hours of machine time. Product B

has a contribution margin per unit of $1,000 and required 5 hours of machine time. How much of each

product should be produced given there are 100 hours of available machine time?

a. 50 units of A and 25 units of B

b. 25 units of B

c. 50 units of A

d. None of the Above

17. Delfi Company produces two models of seats, Toro and Prep. Information regarding these products

for May is as follows:

Toro

Prep

Number Units

3,000

7,000

Sales Revenues

$120,000

$140,000

Variable Costs

$60,000

$42,000

Fixed Costs

$24,000

$50,000

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This question was answered on: * May 23, 2022 *

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