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In March 2024, Minnesota Country Store sold 25,000 jars of strawberry jam. Total sales in March were $300,000, total variable expenses were $150,000, and
In March 2024, Minnesota Country Store sold 25,000 jars of strawberry jam. Total sales in March were $300,000, total variable expenses were $150,000, and total fixed expenses were $5000. Required: 1. What is the company's contribution margin ratio? (Either percentage or decimal form is fine.) Answer below or in another file or in a screenshot of a paper sheet. 2. What is the breakeven point in units? Answer below or in another file or in a screenshot of a paper sheet. 3. What is the expected change in the company's net operating income if it increases sales by 100 units and total sales by $1200? Answer below or in another file or in a screenshot of a paper sheet.
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