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Tutorial Questions - Chps 5 & 6 CVP Analysis Chapter 5 Question 1 Ryder Corp produces wall calendars. Total costs are provided below based
Tutorial Questions - Chps 5 & 6 CVP Analysis Chapter 5 Question 1 Ryder Corp produces wall calendars. Total costs are provided below based on production during January to April 2019: Month Units Total Cost January 80,000 $144,000 February 50,000 120,000 March 70,000 141,000 April 90,000 200,000 Selling Price per calendar is $10.00 Required: a. Using the High-Low method, calculate: i. The company's variable cost per unit. The company's monthly fixed costs. b. Compute the contribution margin per unit. c. Compute the breakeven point in units. d. Compute the number of units required to achieve a target income of $15,000. e. If the company intends to achieve the target income in (d) above, compute the margin of safety in dollars.
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