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Question 3 Not yet saved Marked out of 11.00 The following financial information is collected from the business Better Bookmakers in February 2021. Selling price
Question 3 Not yet saved Marked out of 11.00 The following financial information is collected from the business Better Bookmakers in February 2021. Selling price per unit $35 Casual bookmakers salary cost per unit $21 Flag question Raw material cost per unit $10 Rent Expense $1,300 Office Employee salaries (full-time) $3,800 Units sold in February 2021 230 Target profit for March 2021 $2,000 Required: Answer the following questions in the spaces provided. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format, The total variable cost per unit is $ (1 (1 mark) The total fixed cost for is $ (1 mark) The contribution margin per unit is $ (1 mark) The contribution margin ratio is %. (1 mark) The breakeven point in units is (1 mark) The breakeven in dollars is $ (1 mark) The margin of safety in dollars is $ (1 mark) The margin of safety in units is . (1 mark) The margin of safety ratio is %. (1 mark) The sales in dollars required to achieve the target profit in March is $ (1 mark) The number of books required to achieve the target profit in March is (1 mark)
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