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Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. Style
Tulip Company sells two products, Style Blue and Style Red. Monthly sales and contribution margin ratios for the two products are shown below. Style Blue Style Red Total Sales $88,000 $70,000 $158,000 Contribution Margin ratio 45% 51% ? The company's fixed expenses total $58,000 per month. Do not enter dollar signs or commas in the input boxes. Round contribution margin ratio to 2 decimal places. Round break-even up to the nearest whole number. a) What is the company's total contribution margin ratio? Sales Less: variable expenses $ Contribution Margin $ Style Blue Style Red Total 88000 $ 70000 $ 158000 b) What is the company's total net operating profit? Contribution Margin (Total): $ Less: Fixed Expenses: $ Net Operating Profit: $ c) Calculate the break-even point in total dollar sales for the company based on the current sales mix. Contribution Margin Ratio (Total): %
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