2. 21 points. Hickory Farms is selling gift boxes of their meat, cheese and crackers....
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Accounting
2. 21 points. Hickory Farms is selling gift boxes of their meat, cheese and crackers. They are targeting holiday gift- givers. The selling price of each gift box is $18 and the variable cost to Hickory Farms is $7.20 per gift box. Their fixed costs are $16,200. Answer each of the following questions related to Hickory Farms. Show all calculations. What is their contribution margin per gift box (2 points)? a. b. Develop a general formula that can be used to find the units needed to breakeven or eam a desired profit. Use "x" as the number of gift boxes (3 points). What is the breakeven point in number of gift boxes (2.5 points)? C. d. What is the contribution margin ratio (2.5 points)
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