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Chapter 5 Question ( 2 0 points ) Given: In March 2 0 2 4 , Minnesota Country Store sold 2 5 , 0 0

Chapter 5 Question(20 points)
Given:
In March 2024, Minnesota Country Store sold 25,000 jars of strawberry jam.
Total sales in March were $300,000, total variable expenses were $150,000, and total fixed expenses were $5000.
Required:
What is the company's contribution margin ratio? (Either percentage or decimal form is fine.) Answer below or in another file or in a screenshot of a paper sheet.
What is the breakeven point in units? Answer below or in another file or in a screenshot of a paper sheet.
What is the expected change in the company's net operating income if it increases sales by 100 units and total sales by $1200? Answer below or in another file or in a screenshot of a paper sheet.
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