Lahore Company Ltd makes and sells only one product that sells for $18. The product has a variable cost per unit of $12 and the break-even point in unit sales is 15,000. What are the company's total fixed expenses?

The following are obtained from the records of Bunny Company. The variable costs per unit are $5 when total output is 8,000 units. What are the per unit variable costs when the company produces 10,000 units?

Your local restaurant has annual fixed costs of $24,000. If the average meal price is $15 and the average unit variable cost $9.

Required:

• Calculate the contribution margin ratio (CMR) and
• explain what CMR means? Please reply ASAP