Question
Mauro Products distributes a single product, a woven basket whose selling price is $13 and whose variable expense is $9.62 per unit. The company's monthly
Mauro Products distributes a single product, a woven basket whose selling price is $13 and whose variable expense is $9.62 per unit. The company's monthly fixed expense is $8,112.
Required:
1. Solve for the company's break-even point in unit sales using the equation method.(Do not round your intermediate calculations.)
Break even point in unit sales..........................baskets
2. Solve for the company's break-even point in dollar sales using the equation method and the CM ratio.(Do not round intermediate calculations. Round "CM ratio percent" to nearest whole percent.)
CM RATIO ...............................%
Break even point in dollar sales........................
3. Solve for the company's break-even point in unit sales using the formula method.(Do not round your intermediate calculations.)
Break even point in unit sales..........................baskets
4. Solve for the company's break-even point in dollar sales using formula method and the CM ratio.(Do not round intermediate calculations. Round "CM ratio percent" to nearest whole percent.)
CM ratio ....................%
break even point in dollar sales.....................
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