Homework Answers
Answer:
Break Even Point (Dollar Sales) = Fixed Cost / Contribution
Margin Ratio
$309,000 = $92,700 / Contribution Margin Ratio
Contribution Margin Ratio = 30%
Contribution Margin Ratio = (Unit Selling Price – Unit Variable
Cost) / Unit Selling Price * 100
30 = ($5 - Unit Variable Cost) / $5 * 100
0.30 = ($5 - Unit Variable Cost) / $5
$1.50 = $5 - Unit Variable Cost
Unit Variable Cost =$3.50
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