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 | % |
Question Part Score
--/4
Using the contribution margin technique, compute break-even sales dollars and sales units.
Break-even sales (in dollars) | $enter a dollar amount | |||
---|---|---|---|---|
Break-even sales (in units) | enter a number of units | units |
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