Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 7.00

Candyland, Inc

Candyland, Inc., produces a particularly rich praline fudge. Each 10-ounce box sells for $5.60. Variable unit costs are as follows:

Pecans                                       $0.70

Sugar                                            0.35

Butter                                           1.85

Other ingredients                     0.34

Box, packing material              0.76

Selling commission                  0.20

Fixed overhead cost is $32,300 per year. Fixed selling and administrative costs are

$12,500 per year. Candyland sold 35,000 boxes last year.

 

Required

1.    What is the contribution margin per unit for a box of praline fudge? What is the contribution margin ratio?

2.    How many boxes must be sold to break even? What is the break-even sales revenue?

3.    What was Candyland’s operating income last year?

4.    What was the margin of safety?

 

 

 

 

 

 

 

5.    Suppose that Candyland, Inc., raises the price to $6.20 per box but anticipates a sales drop to 31,500 boxes. What will the new break-even point in units be? Should Candyland raise the price? Explain.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 10:08 PM My Price 7.00

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