Shelhorse Corporation produces and sells a single product. Data concerning that product appear below:

Per Unit

Percent of Sales

Selling price

$

240

100

%

Variable expenses

120

50

%

Contribution margin

$

120

50

%

Fixed expenses are$352,000 per month. The company is currently selling4700 units per month.

Required:

Calculate the Following:

Contribution Margin Ratio:

%

Break Even point in Sales Dollars (rounded to the whole dollar)

$

Margin of Safety in Units (nearest whole units)

Units