Question
In September, Wildhorse Industries sold 850 units of product. The average sales price was $40. During the month, fixed costs were $8,508 and variable costs
In September, Wildhorse Industries sold 850 units of product. The average sales price was $40. During the month, fixed costs were $8,508 and variable costs were 70% of sales.
Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, e.g. 5,275. Other all answers to 2 decimal places, e.g. 52.75.)
Contribution margin (in dollars) | $enter a dollar amount rounded to 0 decimal places | |||
---|---|---|---|---|
Unit contribution margin | $enter a dollar amount rounded to 2 decimal places | |||
Contribution margin ratio | enter percentages rounded to 2 decimal places | % |
eTextbook and Media
Using the contribution margin technique, compute break-even salesdollars and sales units.
Break-even sales (in dollars) | $enter a dollar amount | |||
---|---|---|---|---|
Break-even sales (in units) | enter a number of units | units |
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