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PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS. Ocean Company sells a product with a contribution margin ratio of 80%. Fixed
PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS.
Ocean Company sells a product with a contribution margin ratio of 80%. Fixed costs are $2,800 per month. What amount of sales (in dollars) must Ocean Company have to break even? If each unit sells for $30, how many units must be sold to break even? Begin by showing the formula and then entering the amounts to calculate the sales in dollars Ocean must have to break even. (Abbreviation used: CM = contribution margin. Complete all input boxes. Enter a "0" for items with a zero value.) = Required sales in dollars = % Now show the formula and enter the amounts to calculate the units Ocean must sell to break even. (Abbreviation used: CM = contribution margin. Round your answer to the nearest whole unit.) = Required sales in units = Required sales in dollars ind enter the amounts to calculate the units Ocean must sell to break even CM per unit NOCM ratio Fixed costs Variable costs = Required sales in units = Required sales in dollars % unts to calculate the units Ocean must sell to break ev CM per unit Now show the formula a CM ratio to the nearest whole un Sales price Target profit = Required sales in units = Required sales in dollars its Ocean must sell to break eve CM per unit Now show the formula and enter the amount CM ratio to the nearest whole unit.) Fixed costs Variable costs ired sales in units Now show the formula and enter the amounts to calculate the units Ocean must sell to to the nearest whole unit.) ] = Required sales in units CM per unit CM ratio Fixed costs Required sales Sales price per unit Variable costsStep by Step Solution
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