UX Corporation sells a single product for $40. Its management estimates the following revenues and...
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Accounting
UX Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2020:
Net sales
$420,000
Selling expensesvariable
$22,000
Direct materials
97,500
Selling expensesfixed
19,000
Direct labour
62,700
Administrative expensesvariable
9,400
Manufacturing overheadvariable
18,400
Administrative expensesfixed
9,600
Manufacturing overheadfixed
11,720
Assuming fixed costs and net sales are spread evenly throughout the year, determine YUXs monthly break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 5,275.)
Monthly break-even in units
units
Monthly break-even in dollars
$
Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual profit. (Round answers to 0 decimal places, e.g. 15 or 15%.)
Contribution margin ratio
%
Annual margin of safety ratio
%
Annual profit
$
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