Brief Exercise 22-4
Bruno Company accumulates the following data concerning a mixed cost, using miles as the
activity level.
Miles
Driven Total
Cost January 7,990 $14,155 February 7,500 13,500 Miles
Driven
Marc
h
April Total
Cost 8,490 $14,985 8,205 14,495 Don’t show me this message again for the assignment Compute the variable cost per mile using the high-low method. (Round variable cost per mile
to 2 decimal places e.g. 1.25.)
$
Variable cost per mile
Don’t show me this message again for the assignment Link to Text Compute the
fixed cost
elements using
the high-low
method.
Fixe
d
cost
s
Brief Exercise 22-5
Determine the missing amounts. (Round answers to 0 decimal places, e.g.
1,225.)
Unit Selling
Price Unit Variable
Costs Unit
Contribution
Margin Contribution
Margin
Ratio $
1
.
2
. $510
$310 (a
) $370
$ (c
) $90 % (b
)
% (d
) $ $
3
. $
(e
) (f) $480 20 % Don’t show me this message again for the assignment Link to Text Brief Exercise 22-10
Deines Corporation has fixed costs of $4,727,940. It has a unit selling price of $9.10, unit variable cost
of $4.03, and a target net income of $1,569,000.
Compute the required sales in units to achieve its target net income. Required sales units Don’t show me this message again for the assignment Link to Text
Exercise 22-7
In the month of March, Style Salon services 620 clients at an average price of $100. During the
month, fixed costs were $14,016 and variable costs were 68% of sales.
Don’t show me this message again for the assignment Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0
decimal places, e.g. 1,225.)
$
Contribution margin
$
Contribution margin per unit
Contribution margin ratio % Don’t show me this message again for the assignment Link to Text
Link to Text Using the contribution margin technique, compute the break-even point in dollars and in units.
(Round answers to 0 decimal places, e.g. 1,225.)
$
Break-even sales Break-even sales units Don’t show me this message again for the assignment
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