Happy Ten Co produces sports socks. The company has fixed costs of $91,080 and variable...
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Happy Ten Co produces sports socks. The company has fixed costs of $91,080 and variable costs of $0,81 per package. Each package sells for $1.80 Requirements 1. Compute the contribution margin per package and the contribution margin ratio. (Round your answers to two decimal places.) 2. Find the breakeven point in units and in dollars, using the contribution margin approach Requirement 1. Compute the contribution margin per package and the contribution margin ratio an nern he s to compule thercontbulin margh per arcdageluo decinal paces Abbreviation used: CM -contribution margin.) CM per unit the labels and enter the amounts to calculate the contibution margin ratio (Enter amounts in the formula to two decimal places. Enter the contribution margin ratio as a whole percentage, X% Abbreviation used CI-contribution margin ) CM ratio Requirement 2. Find the breakeven point in units and in dolars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to ind the breakeven point in units, using the contribution margin approach two decimal places. Enter a "D" for any zero amounts. Abbreviation used CM contribution margin ) . (Enter amounts in the formula to )1 Required sales in units
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