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SHOW YOUR WORK 6) Comfy Comfy Inc. produces and sells mattresses. A snapshot of their records show the following data for the month of May
SHOW YOUR WORK
6) Comfy Comfy Inc. produces and sells mattresses. A snapshot of their records show the following data for the month of May 2021: Description Amounts Unit selling price $32 Unit variable cost $12 Total monthly fixed cost $18,000 Actual sales in units 2,000 Required: a) Calculate the Contribution Margin per mattress. b) Compute the Contribution Margin Ratio per mattress. c) Determine the break-even point in revenue dollars. d) Calculate the Margin of Safety in revenue dollars. e) Calculate the Margin of Safety Ratio. (2 Marks) (2 Marks) (2 Marks) (2 Marks) (2 Marks)
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