CoverUp, Inc., produces one model of seat cover. Partial information for the company follows:

Required:

1. Complete the table.

2. Calculate CoverUp’s contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each seat cover for $30.

3. Consider the contribution margins just calculated and total fixed costs for the company. Determine whether CoverUp’s break-even point will be more or less than 1,500 units.

4. Calculate CoverUp’s break-even point in units and sales dollars.

Transcribed Image Text:

Number of seat covers produced and sold 1,500 1,700 2,100 Total costs Variable costs $ ? Fixed costs per year ?? $ ? $15,750 ? ? Total costs ? ? ? Cost per unit Variable cost per unit ? Fixed cost per unit ? Total cost per unit $31.00 ? ? ??? ???