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Willy Corporation provides the following data from the recent period for its manufacture of clothes: variable manufacturing costs, $116,000; variable selling costs, $24,000; and total
Willy Corporation provides the following data from the recent period for its manufacture of clothes: variable manufacturing costs, $116,000; variable selling costs, $24,000; and total fixed costs, $108,000. Sales were $308,000 based on 14,000 units sold during the period. (Round cost per unit to 2 decimal places) a. Prepare a contribution margin income statement for Willy Corporation b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate break-even in units and break-even in dollars. Ex 2(40POINTS) Danu \& Co. reports the following information about its sales and cost of sales. Calculate the fixed cost and variable cost of sales by using the high-low method. (Round cost per unit to 2 decimal places)
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