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Exercise 20.10 Computing Contribution Margin Ratio and Margin of Safety (LO20-4, LO20-5) The following information relates to the only product sold by Harper Company: Sales
Exercise 20.10 Computing Contribution Margin Ratio and Margin of Safety (LO20-4, LO20-5)
The following information relates to the only product sold by Harper Company: |
Sales price per unit | $ | 45 |
Variable cost per unit | 27 | |
Fixed costs per year | 270,000 | |
a. | Compute the contribution margin ratio and the dollar sales volume required to break even. Contribution margin ratio = _________%__? Break even sales dollars = _____________
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