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Last month, Laredo Company sold 630 units for $115 each. During the month, fixed costs were $8,050 and variable costs were $69 per unit. Req.
Last month, Laredo Company sold 630 units for $115 each. During the month, fixed costs were $8,050 and variable costs were $69 per unit.
Determine the unit contribution margin and contribution margin ratio. (Round your Contribution Margin Ratio to the nearest whole percentage.) Calculate the break-even point in units and sales dollars. (Round your answers to the nearest whole number.) Compute Laredo's margin of safety in units and as a percentage of sales. (Round your intermediate calculations to the nearest whole number. Round your Percentage of Sales answer to 4 decimal places (iie. 0.123456 should be entered as 12.3456%) ) Req. 1: Determine the unit contribution margin and contribution margin ratio.
Req. 2: Calculate the break-even point in units and sales dollars.
Req. 3: Compute Laredo's margin of safety in units and as a percentage of sales.
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