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Poloskie Manufacturing Inc. has provided you with the following CVP income statement. Question 11 Poloskie Manufacturing Inc. has provided you with the following CVP income
Poloskie Manufacturing Inc. has provided you with the following CVP income statement.
Question 11 Poloskie Manufacturing Inc. has provided you with the following CVP income statement. $734,500 Sales (1,130 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin 351,430 66,670 51,980 264,420 Fixed costs: Cost of goods sold Selling expenses Administrative expenses 141,250 39,550 22,600 $61,020 Operating income Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Contribution margin ratio % Calculate the break-even point in sales dollars and number of units. (Round answers to 0 decimal places, e.g. 1,525.) In dollars In units Break-even pointStep by Step Solution
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