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Jingo Company has reported $750,000 in sales (25,000 units) for last year with a net operating income of $25,000. At the break-even point, the company's
Jingo Company has reported $750,000 in sales (25,000 units) for last year with a net operating income of $25,000. At the break-even point, the company's total contribution margin equals $500,000. Based on this information, which of the following is correct? *
a-The contribution margin ratio is 40%.
b-The break-even point is 24,000 units.
c-The variable expenses are 60% of sales.
d-The variable expenses per unit are $9 per unit.
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