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In the month of December, Ahmad's Garage Works (AGW) gave 2,500 oil changes, battery inspections,...

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Question

Accounting

In the month of December, Ahmad's Garage Works (AGW) gave 2,500 oil changes, battery inspections, and muffler replacement at an average price of KWD 40. During the month, fixed costs were KWD 19,000.

Requirements:

1. Determine the contribution margin in dinars, per unit, as a ratio. Use a % as variable cost (i.e. 25%)

2. Using the contribution margin approach , compute the breakeven point in dinars and in units.

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