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In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300
In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, fixed costs were $6,300 and variable costs were 70% of sales.
Determine the contribution margin in dollars, per unit, and as a ratio.
Contribution margin (in dollars) | $ | |||
Unit contribution margin | $ | |||
Contribution margin ratio | % |
Using the contribution margin technique, compute the break-even point in dollars and in units.
Break-even sales (in dollars) | $ | |||
Break-even sales (in units) | units |
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