The following data pertain to the operating budget of Jones Tent Manufacturing. For each of the following,
Question:
For each of the following, perform a break-even analysis showing computation of the
(a) Contribution margin;
(b) Contribution rate;
(c) Break-even point in sales dollars.
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
Transcribed Image Text:
Sales $1 020000 Fixed cost Total variable cost $160 000 581 400 Total cost 741 400 Net income $278 600
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a Contribution margin is 1020 000 581 400 438 600 b Contribution rate is 438 6...View the full answer
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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