Essay
Bivouac Camping Supply sells marine-grade hatches.The hatches sell for $20 each.The cost of each hatch is $12.The only other costs are fixed costs of $15,000.During the current period, Bivouac sold 2,400 units.
Required:
a.What is the contribution margin per unit?
b.What is the contribution margin ratio?
c.What is the breakeven point in units? In dollars?
d.What is the margin of safety in units? In dollars?
Correct Answer:
Verified
a.($20 ̶ $12) = $8
b.$8 ÷ $20 ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
b.$8 ÷ $20 ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q94: At the breakeven point,<br>A)sales revenue equals zero.<br>B)contribution
Q95: Donnie's Donuts sells three types of donuts:
Q96: Sabrina Industries has conducted market research which
Q97: Sports Nation sells two types of soccer
Q98: Companies need to engage in target costing<br>A)at
Q100: Lingh Suit Co.has received a shipment of
Q101: If the _ changes, so does the
Q102: Donnie's Donut Shop sells cream-filled muffins for
Q103: Which of the following formulas is used
Q104: Tina Industries manufactures a product whose variable