The following information describes a product expected to be produced and sold by Hardley Company Selling price
Question:
The following information describes a product expected to be produced and sold by Hardley Company
Selling price .........................$80 per unit
Variable costs......................$32 per unit
Total fixed cost ........................$630,000
Required
a) Calculate the contribution margin ratio
b) Calculate the breakeven point in dollar sales
c) What dollar amount of sales would be necessary to achieve a pretax income of $120,000?
Contribution MarginContribution 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...
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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