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The following is Siyaya Corporation's contribution format income statement for last month: Sales R2 800 000 Less variable expenses (R1 680 000) Contribution margin R1
The following is Siyaya Corporation's contribution format income statement for last month: Sales R2 800 000 Less variable expenses (R1 680 000) Contribution margin R1 120 000 Less fixed expenses (R780 000) Net income (profit) R340 000 A total of 56 000 units were produced and sold last month. The company has no beginning or ending inventories. Required: (a) What is the contribution per unit and the contribution to sales ratio? (6) (b) What is the companys breakeven in sales
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