Question
Please help me with this problem given the requirements and the data below E7-21A (book/static) Socks Unlimited produces sports socks. The company has fixed expenses
Please help me with this problem given the requirements and the data below
E7-21A (book/static) Socks Unlimited produces sports socks. The company has fixed expenses of 885,000 and variable expenses of Sl .20 per package. Each package sells for 2.00. Read the cegu&ments- Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package Then compute the contribution margin per package (Enter the amount to the nearest cent.) Contribution margin per unit x Requirements . Compute the contribution margin per package end the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number ot packages Socks Unlimited needs to sell to eam an 22, 000 operating income Print Choose from any drop-down list and then click Check Answer remaining Done Clear All Question Help Check Answer
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