Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. montreal seating co., a manufacturer of chairs, ha

Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales 2,980...

90.2K

Verified Solution

Question

Accounting

imageimage

Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales 2,980 units Sales price Variable costs $40 per unit $20 per unit $46,000 Fixed costs Calculate the contribution margin ratio. Contribution margin ratio % LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the break-even point in dollars. Break-even point LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the margin of safety in dollars. Margin of safety $ The company wishes to increase its total dollar contribution margin by 54% in 2021. Determine by how much it will need to increase its sales if all other factors remain constant. Increase sales by

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The material correction factor is 1.0. Assume slot dozing, and a 50 min/hr job efficiency. For...

Civil Engineering
Q

Female Reproductive System Physiology 1. Create a chart that depicts all the regulatory events during the female...

Medical Sciences
Q

What would a group of investors like to hear from the presentation of a business proposal?

General Management
Q

Lansing, Inc. provides the following information for one of its department’s operations for June (no new...

Accounting
Q

Graph the function over a two period interval 3x Choose the correct graph below OA...

Basic Math
Q

If sec 0 0 and tan 0 then in which quadrant does 0 lic D...

Calculus
Q

Consider the following functions from R to R Select all functions that are linear transformations...

Calculus
Q

I uploaded the question both as a picture and a copy paste in hopes of...

Accounting
Q

Darryl, un contribuyente en efectivo, entreg 1000 acciones ordinarias de Copper Company a su hija...

Accounting
Q

5. Complete the first three lines of the summary cash budget. Then do the analysis...

Accounting
Q

Helen corporation has positive current earnings and profits (E&P) of $60,000. it distributes land worth...

Accounting
Q

Marwick's Planos, Incorporated, purchases pianos from a manufacturet for an average cost of $1,484 per...

Accounting