23

No Slip Co. produces sports socks. The company has fored costs of $80,000 and variable costs of $0.96 per package. Each package sels for 51,60 Requlemenents 1. Compute the contribution margin per packige and the contributon marpin ratio (Round your answers to two decimsl places.) 2. Find the treakeven point in unts and in dollars. using the controulion margin appeoach. Requlrement 1. Compule the contrbution margin per pacage and the contribution margin tatio Begin by selecting the labels and entering the amounts to compute the contrbuson margin per package. (Round all amounts to two decimal places. Abbrevabon used: CM = contricution margh.)