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Marks) The following details relate to a product made GBeg Ltd for the year ending December 31, 2019 Fixed cost Variable cost per unit
Marks) The following details relate to a product made GBeg Ltd for the year ending December 31, 2019 Fixed cost Variable cost per unit $10,000 $3 Selling price per unit $5 Production and sales 6000 units per period Required: A. Calculate the contribution margin ratio (3 marks) B. Calculate the breakeven point in units (3marks) C. Calculate break-even point in dollars (3 marks) D. Calculate the margin of safety as a percent of current sales (3 marks) E. Calculate the budgeted profit for December (5 marks) F. How many units does the company needs to sell to make a profit of $8,000 (4 marks) G. Calculate the profit or loss if 4,000 units are produced (4 marks)
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