Hermosa, Inc., produces one model of mountain bike
by | Mar 18, 2020 | Uncategorized
Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: |
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Number of bikes produced and sold |
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400 |
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800 |
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1,000 |
Total costs |
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Variable costs |
$ |
125,000 |
$ |
? |
$ |
? |
Fixed costs per year |
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? |
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? |
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? |
Total costs |
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? |
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? |
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? |
Cost per unit |
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Variable cost per unit |
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? |
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? |
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? |
Fixed cost per unit |
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? |
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? |
|
? |
Total cost per unit |
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? |
$ |
543.75 |
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? |
Required: |
1. |
Complete the table. (Round your cost per unit answers to 2 decimal places.)
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2. |
Calculate Hermosa’s contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $650. (Round your answers to 2 decimal places.)
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