Question 6 of 10 172 View Policies Show Attempt History Current Attempt in Progress In...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Question 6 of 10 172 View Policies Show Attempt History Current Attempt in Progress In September, Cullumber Industries sold 830 units of product. The average sales price was $ 40. During the month, fixed costs were 7.704 and variable costs were 70% of sales. (a) Your answer is correct Determine the contribution margin in dollars, per unit, and as a ratio. (Round Contribution morgin to O decimal places, (.. 5,275. Other all answers to 2 decimal places, e.g. 52.75.) Contribution margin (in dollars) $ 9960 Unit contribution margin 1 Contribution margin ratio %% eTextbook and Media Solution Contribution margin ratio 30 % eTextbook and Media Solution (b) Using the contribution margin technique, compute break-even salesdollars and sales units. Break-even sales (in dollars) $ Break-even sales (in units) units eTextbook and Media Save for later Attem
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: Zin AI - Your personal assistant for all your inquiries!