Carla Vista Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,280 units)...
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Carla Vista Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,280 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $857,600 409,728 70,400 60,160 317,312 157,440 48,640 30,720 $80,512 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%) Contribution margin ratio % Calculate the break-even point in sales dollars and number of units. (Round answers to 0 decimal places, e.g. 1,525.) Break-even point $ In dollars In units Carla Vista Manufacturing Ltd. has provided you with the following CVP income statement. Sales (1,280 units) Variable costs: Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed costs: Cost of goods sold Selling expenses Administrative expenses Operating income $857,600 409,728 70,400 60,160 317,312 157,440 48,640 30,720 $80,512 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%) Contribution margin ratio % Calculate the break-even point in sales dollars and number of units. (Round answers to 0 decimal places, e.g. 1,525.) Break-even point $ In dollars In units
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To calculate the required values lets use the formulas and provided data 1 Contribution ... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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