Question: could someone please answer the questions and give me a step by step explanation with formula please!! Bodegas Ltd produces a standard product which is
could someone please answer the questions and give me a step by step explanation with formula please!!
Bodegas Ltd produces a standard product which is sold for 60 each. The business incurred fixed costs of 170,000 last year and had a contribution margin ratio of 60%. The margin of safety was 8,000 units. Calculate: 1. The break-even point in units). 2. The profit for the year. Calculate the break-even point units (Round up your answer to the nearest whole number) Calculate the profit for the year (Round up your answer to the nearest pound)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
