PU Accounting Wilson Company Cost Volume Profit Analysis Questions

Part A Wilson Company sells lawn ornaments (rocks) with university athletic logos.The selling price of each lawn ornament is $25.00.The variable costs associated with each lawn ornament are $15.00 and the fixed costs for the company are $100,000 per year.Ignore income taxes.RequiredBearcat Paws produces two sizes of Christmas Ornaments.The selling prices and variable costs are as follows:                                                              Small              LargeSelling price per ornament              $8.00               $20.00Variable cost per ornament            4.00                    8.00The company sells three small Christmas ornaments for every large Christmas ornament.The contribution margin income statement for the year ended December 31, 2015 follows:  Sales revenue                            $225,000Variable costs                               90,000Contribution margin                  135,000Fixed costs                                  75,000Profit                                             $60,000Required