Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In September, Cullumber Industries sold 800 units of product. The average sales price was $45. During the month, fixed costs were $6,615 and variable costs

image text in transcribed
image text in transcribed
In September, Cullumber Industries sold 800 units of product. The average sales price was \$45. During the month, fixed costs were $6,615 and variable costs were 75% of sales. (a) Your answer has been saved. See score details after the due date. Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, es. 5.275. Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) Unit contribution margin Contribution margin ratio % Using the contribution margin technique, compute break-even salesdollars and sales units. Break-even sales (in dollars) Break-even sales (in units) units

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

Accounting And Finance For Non Specialists

Authors: Eddie McLaney, Peter Atrill

8th Edition

9780273778165

More Books

Students also viewed these Accounting questions

Question

What is the purpose of the EEOC?

Answered: 1 week ago