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2 0 points During the month of July, Pierson Pet Products produced and sold 4 , 5 0 0 custom dog beds at an average
points During the month of July, Pierson Pet Products produced and sold custom dog beds at an average price of $ During the month, fixed costs were $ and vari costs were of sales. Instructions a Determine the contribution margin in dollars, per unit, and as a ratio. b Using the contribution margin technique, compute the breakeven point in dollars and in units. c Compute the margin of safety dollars and as a ratio.
points
During the month of July, Pierson Pet Products produced and sold custom dog beds at an average price of $ During the month, fixed costs were $ and vari costs were of sales.
Instructions
a Determine the contribution margin in dollars, per unit, and as a ratio.
b Using the contribution margin technique, compute the breakeven point in dollars and in units.
c Compute the margin of safety dollars and as a ratio.
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