Harry Corporation Forecasts That Next Year It Can Sell 25 000 Units Of Its Family Sized Ready To Eat Meals For 1 125 00 1 (241.02 KiB) Viewed 12 times
Harry Corporation Forecasts That Next Year It Can Sell 25 000 Units Of Its Family Sized Ready To Eat Meals For 1 125 00 2 (395.41 KiB) Viewed 12 times
Harry Corporation forecasts that next year it can sell 25,000 units of its family-sized ready-to-eat meals for $1,125,000. The expected contribution margin ratio is 55%. Fixed costs are estimated to be $433,000. Do not enter dollar signs or commas in the input boxes. a) What is the selling price per unit? Round your answer to 2 decimal places. Selling Price: $ b) Calculate the contribution margin if 29,000 units are produced and sold. Round your answer to the nearest whole number. Contribution Margin: $ c) Calculate the contribution margin per unit. Round your answer to 2 decimal places. CM per unit: $ d) If the company decides to sell its products in the open market, determine the amount of units required to break-even. Round up to the nearest whole unit. Break-Even Units:
Break-Even Units: e) Determine the operating profit if 38,000 units are produced and sold. Round your answer to the nearest whole number. Operating Income: $ f) Determine the amount of revenue that needs to be generated to yield an operating profit of $82,000. Round your answer to the nearest whole number. Revenue: $
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