None Presidio, Inc., produces one model of mountain bike. Partial information for the company follows:Required:1. Complete Presidio's cost data table.2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data tableassuming the company sells each bike for $640.3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Complete Presidio's cost data table. (Round your Cost per Unit answers to 2 decimal places.)Bikes Produced and Sold720 Units890 Units1,884 UnitsTotal costsVariable costs$180,000Fixed costs per yearTotal costs$180,000 $0 $0Cost per unitVariable cost per unitFixed cost per unitTotal cost per unit$0.00 $554.00$0.00

The variable cost refers to cost which varies in direct proportion to the units produced while fixed…

Required: . Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.

Required: . Complete Presidio's cost data table. 2. Calculate Presidio's contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $640. 3. Calculate net operating income (loss) at each of the sales levels assuming a sales price of $640.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 7EB: Oat Treats manufactures various types of cereal bars featuring oats. Simmons Cereal Company has...

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