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1. Calculate contribution margin per unit. (Round answer to 2 decimal places, e.g. 0.38.) 2. What is Wildhorses monthly breakeven point in units? In dollars?
1. Calculate contribution margin per unit. (Round answer to 2 decimal places, e.g. 0.38.)
2. What is Wildhorses monthly breakeven point in units? In dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round Breakeven units and point in dollar to 0 decimal places, e.g. 25,000.)
3. What is Wildhorses margin of safety? (Round answers to 0 decimal places, e.g. 25,000.)
The Oriole Company sells sports decals that can be personalized with a player's name, a team name, and a jersey number for $9.00 each. Oriole buys the decals from a supplier for $2.50 each and spends an additional $0.70 in variable operating costs per decal. The results of last month's operations are as follows: Sales revenue Cost of goods sold Gross profit Operating expenses Operating income $22,500 6,250 16,250 4,900 $11,350Step by Step Solution
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