E$6-10($Algo$)$ Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety $[$LO

$6-2,6-3]$

Last month, Laredo Company sold $480$ units for $$40$ each. During the month, fixed costs were $$4,290$ and variable costs

were $$14$ per unit.

Required:

Determine the unit contribution margin and contribution margin ratio.

Calculate the break$-$even point in units and sales dollars.

Compute Laredo's margin of safety in units and as a percentage of sales.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

Determine the unit contribution margin and contribution margin ratio.