Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A product is sold at $80 and its variable cost percentage is 50%. It also has a fixed cost of $500,000. What is the contribution

image text in transcribed

A product is sold at $80 and its variable cost percentage is 50%. It also has a fixed cost of $500,000. What is the contribution margin per unit? \$ What is the breakeven sales revenue? \$ What is the breakeven sales unit? If 30,000 units of the product was sold, what would be the profit? Note: Do not include the thousand separator in your answers (e.g. if your answer is 1 million, please write down 1000000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions