Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety
Last month, Willsted Company sold 450 units for $25 each. During the month, fixed costs were $2,520 and variable costs were $7 per unit.
Required:
1.Determine the unit contribution margin and contribution margin ratio.
2.Calculate the break-even point in units and sales dollars.
3.Compute Willsted’s margin of safety in units and as a percentage of sales.
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