Ivanhoe Camping Supply sells marine-grade hatches. The hatches sell for $16 each. The cost of each hatch is $7. The only other costs are fixed costs of $16,200. During the current period, Ivanhoe sold 2,592 units.

Correct answer iconYour answer is correct.

What is the contribution margin per unit? (Round answers to 0 decimal places, e.g. 2.)

Contribution margin per unit

$enter the contribution margin per unit in dollars

eTextbook and Media

Correct answer iconYour answer is correct.

What is the contribution margin ratio? (Round answers to 0 decimal places, e.g. 25.)

Contribution margin ratio

enter the contribution margin ratio in percentages %

eTextbook and Media

Partially correct answer iconYour answer is partially correct.

What is the breakeven point in units? In dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round Breakeven units and point in dollar to 0 decimal places, e.g. 25,000.)

Breakeven point in units		enter the breakeven point in units	units
Breakeven point in dollars		$enter the breakeven point in dollars

eTextbook and Media

Incorrect answer iconYour answer is incorrect.

What is the margin of safety in units? In dollars? (Use your answer of margin of safety in units to calculate the margin of safety in dollars. Round Margin of safety units and point in dollar to 0 decimal places, e.g. 25,000.)

Margin of safety in units		enter the margin of safety in units	units
Margin of safety in dollars		$enter the margin of safety in dollars

eTextbook and Media