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Harry's Hideaway sells tasty donuts with sprinkles. Each donut sells for $2.00. The company's contribution margin income statement for September is shown below. Harry's Hideaway
Harry's Hideaway sells tasty donuts with sprinkles. Each donut sells for $2.00. The company's contribution margin income statement for September is shown below. Harry's Hideaway Contribution Margin Income Statement For the Month of May 2020 Sales revenue $100,000 Variable expenses: COGS $40,000 Marketing expense $12,500 General and administrative expense $7,500 ($60,000) Contribution margin $40,000 Fixed expenses: Marketing expense $16,000 General and administrative expense $6,000 ($22,000) $18,000 Operating Income Answer the following questions: (Please round all "per unit" answers to 2 decimal places.) Show your work here, including calculations or spreadsheet data, for partial credit (optional). ok ProWhat is the company's contribution margin ratio? (4 points) What is the company's contribution margin per donut? (2 points) What is the company's break-even point in donuts? (4 points) What is the company's break-even point in revenue? (2 points) MacBook Pro
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