ACC 349 Week 4 Individual Assignment Ch. 5 6

Apr 19th, 2015
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ACC 349 Week 4 Individual Assignment Ch. 5 6

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E5-1a)Variable Costs:costs that are different in total in direct proportion to changes in activity butstay constant based on per unit.Fixed Costs:costs that stay constant in total with a specific relevant range butdiffer reciprocally with changes in activity based on per unit.Mixed Costs:costs that have variable and mixed components whichdiffer with changes in activity, but not proportionately.b)Cost ClassificationsDirect MaterialVariableDirect Labor VariableUtilitiesMixedRentFixedMaintenance MixedSupervisory SalariesFixedE5-91)a)Contribution Margin Ratio=Contribution Margin/Fare RevenueContribution Margin Ratio=$27000/$45000Contribution Margin Ratio=60 %Breakeven Point in Dollars=Fixed Cost/CM RatioBreakeven Point in Dollars=20250/60 %Breakeven Point in Dollars=$33750bRound Trip Fare=$45000/300 faresRound Trip Fare=$150 per fareBreakeven Point in Dollars=(Fixed Costs/CM Ratio)/Round Trip FareBreakeven Point in Dollars=(20250/60%)/$150Breakeven Point in Dollars=225 Round Trips2Contribution Margin at Breakeven is $20250 because at the breakeven point it is equal to Fixed Costs.3Fare RevenuesVariable Costs$54,000$24,300=(400 fare

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