Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable...

   

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Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.) Blossom Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,220 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $793,000 367,220 71,980 52,460 301,340 162,260 42,700 26,840 $69.540 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the break-even point in sales dollars and number of units. (Round answers to O decimal places, e.g. 1,525.)

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SOLUTION To calculate the contribution margin ratio we divide the contribution margin by the sales r... View the full answer