22

Sheridan reported the following information for the current year: Sales (38000 units) $760000, direct materials and direct labor $380000, other variable costs $38000, and fixed costs $360000. What is Sheridans break-even point in units?

40000.

68400.

36000.

32727.

21 Concord Corporation reported the following information for the current year: Sales (42000 units) $840000, direct materials and direct labor $420000, other variable costs $42000, and fixed costs $360000. What is Concords contribution margin ratio?

71%.

55%.

45%.

29%.