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Please answer them all because they are one section Thank you Use the below information to answer the following FIVE questions (numbered 3 through 7).
Please answer them all because they are one section
Thank you
Use the below information to answer the following FIVE questions (numbered 3 through 7). Royal Company manufactures two products: Product A and Product B. A contribution format income statement related to a recent month for the two products is given below. Sales Variable Expenses Contribution Margin Fixed Expenses Net Operating Income Product A $6,120,000 4.050.000 $2,070,000 Product B $2,880,000 2.700.000 $180,000 Total $9,000,000 6.750,000 2,250,000 2,000,000 $250.000 3. What is the overall contribution margin ratio? 4 points 25% 32% 68% 75% None of the above 4. What is the overall break-even point for the company in sales dollars? $250,000 $2,000,000 $5,440,000 $8,000,000 None of the above 5. What is the amount of relative sales dollars for product B at the break- even point?* $2,560,000 $2,880,000 $5,440,000 $8,000,000 None of the above 4 point 6. What is the amount of total contribution margin at the break-even point?* $250,000 $2,000,000 O $2,250,000 $8,000,000 None of the above 4 point 7. What is the amount of total variable expenses for the two products at the break-even point? * $2,000,000 $4,050,000 $6,000,000 O $6,750,000 None of the aboveStep by Step Solution
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