Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

IMPORTANT: Rounding instructions For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. For example, 123456

image text in transcribed
IMPORTANT: Rounding instructions For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. For example, 123456 would be the correct format. For percentage, round your answer to the nearest 1%. Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.2568 (which equals to 25.68%), 26 would be the correct format. For number of units, round your answer to the nearest integer. Do not include "units in your answer. Do not use comma separators. For example, 123456 would be the correct format. a. Company A only produces and sells one product. The selling price is $300 per unit. The contribution margin ratio is 60%. For June 2021, the breakeven sales is $45000. i. (1 mark) The variable cost per unit is $ ii. (1 mark) The contribution margin per unit is $ iii. (1 mark) The total fixed cost for June 2021 is $ iv. (1 mark) Which ONE of the following statements is correct for June 2021? 250 units need to be sold to achieve breakeven. 40% of the total sales can be used to cover the fixed cost and generate profit. The sales can be reduced by 60% before a loss occurs. Olf Company A sells 150 units, the business does not make any gain or loss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Survey of Mathematics with Applications

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

10th edition

134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107

More Books

Students also viewed these Accounting questions