Question
During FY 2016, Bravo Company sold 16,000 units for $84,000.Bravo had $2.75 variable costs per unit sold.Bravo also reported $28,000 of fixed costs.Use this information
During FY 2016, Bravo Company sold 16,000 units for $84,000.Bravo had $2.75 variable costs per unit sold.Bravo also reported $28,000 of fixed costs.Use this information to determine FY 2016:
1. Contribution Margin per unit
2. Breakeven in Units
3. Breakeven in Total Sales
(Round any total dollar value to the nearest whole dollar & enter as whole dollars only. Round any unit dollar value to the nearest penny & enter with both dollar(s) & cents. Round any unit non-dollar decimal numbers to the next higher whole number and enter as a whole number.)
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
978-1119036357, 1119036356, 1118338413, 1118334264, 978-1118338414, 978-1118334263
