Little Piggie produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $1.20
Question:
Little Piggie produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $1.20 per package. Each package sells for $2.50.
Requirements
1. Compute the contribution margin per package and the contribution margin ratio.
2. Find the break-even point in units and in dollars using the contribution margin shortcut approaches.
3. Find the number of packages Little Piggie needs to sell to earn a $25,000 operating income.
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Step by Step Answer:
Contribution Margin per package Contribution margin per unit Sales Price per unit Variabl...View the full answer
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John Kimani
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ISBN: 9780135443446
4th Canadian Edition
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
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