Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In 2021, Blossom Co. had break-even sales dollars of $893,200 based on a selling price of $11.0 per unit and fixed costs of $300,440. In
In 2021, Blossom Co. had break-even sales dollars of $893,200 based on a selling price of $11.0 per unit and fixed costs of $300,440. In 2022, the selling price and variable costs per unit did not change, but break-even sales dollars increased to $930,000.
Compute the variable cost per unit and the contribution margin ratio for 2021. (Round answers to 2 decimal places, e.g. 52.75.)
Variable cost | $ | per unit | ||
Contribution margin ratio |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started