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Partially correct answer icon Your answer is partially correct. The section of Waterways that produces controllers for the company provided the following information. Sales for
Partially correct answer icon
Your answer is partially correct.
The section of Waterways that produces controllers for the company provided the following information.
Sales for month of February: | 3,800 | |
Unit variable manufacturing cost: | $10.00 | |
Unit selling price: | $43.00 | |
Fixed manufacturing overhead cost (per month for controllers): | $83,000 | |
Unit variable selling and administrative costs: | $2.90 | |
Fixed selling and administrative expenses (per month for controllers): | $13,950 |
Using this information for the controllers, determine the contribution margin ratio, the degree of operating leverage, the break-even point in sales dollars, and the margin of safety ratio for Waterways Corporation on this product.
Contribution Margin Ratio (Round to 0 decimal places, e.g. 25%.) | enter percentages rounded to 0 decimal places | % | |
---|---|---|---|
Degree of Operating Leverage (Round to 2 decimal places, e.g. 5.25.) | enter a value rounded to 2 decimal places | ||
Break-even Point in Dollars | $enter the break-even point in dollars | ||
Margin of Safety Ratio (Round to 1 decimal place, e.g. 5.2%.) | enter percentages rounded to 1 decimal place |
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