Chapter $4$

Palmer Co$.$ provided the following data for next month:

Selling price per unit $$500$

Variable manufacturing costs per unit $$150$

Fixed manufacturing costs per unit $ $75$

Variable selling costs per unit $ $50$

Fixed selling costs per unit $ $50$

Expected production and sales $2,000$ units

Required:

$1.$ What is contribution margin per unit?

$2.$ What is the contribution margin ratio?

$3.$ What is the break$-$even point in units?

$4.$ What are the sales in dollars needed to obtain on operating income of $$20,000?$