To pay for his academic fees, Tarek, a college student, is selling used cell phones to other

Question:

To pay for his academic fees, Tarek, a college student, is selling used cell phones to other students. His cost to purchase each piece is $53, and he is planning to sell the phones for $99 each. Fixed costs for advertising amount to $500.
For each of the following, perform a break-even analysis showing computation of the
(a) ;
(b) Contribution rate;
(c) Break-even point in units;
(d) Break-even point in sales dollars.
Contribution Margin
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...