Homework Answers
1) Contribution Cost = 360000-(1200*230) = 84000
variable cost ratio = 276000/360000 = 76.67%
2) Operating income = 84000-70000 = 14000
3) Break even unit = 70000/70 = 1000 Units
4) Break even sales = 1000*300 = $300000
5) Target unit = (70000+28000)/70 = 1400 Units
6) Margin of safety in units = 1200-1000 = 200
Margin of safety sales = 200*300 = 60000
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