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E6-10 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety (LO 6-2, 6-3) Last month, Laredo Company sold 520 units for $60 each. During

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E6-10 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety (LO 6-2, 6-3) Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs were $8,211 and variable costs were $9 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. 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 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your contribution Margin Ratio to the nearest whole percentage.) Unit Contribution Margin Contribution Margin Ratio % Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Reapired 2 Required 3 Calculate the break-even point in units and sales dollars. (Round your answers to the nearest whole number.) Units Break-Even Units Break-Even Sales Dollars Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Laredo's margin of safety in units and as a percentage of sales. (Round your intermediate calculations to the nearest whole number. Round your Percentage of Sales answer to 4 decimal places (.e. 0.123456 should be entered as 12.3456%)). 5 Margin of Safety Margin of Safety as Percentage of Sales Units %

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