Could you please answer questions 4,

Contribution Margin Percentage = (Revenue - Variable cost)/ Revenue

Fixed Costs

as well as question 5,

Sales Per day = breakeven volume / days open

Sales Per day = breakeven amount/ days open

Answers: ENT 401 Homework Chapter 24- Break Even Volume and Amount Analysis Answer the following questions by referring to the profit and loss statement for East End Gallery below. 3. Calculate unit contribution percentage and discuss how you would use it as a manager to make decisions Answer: Revenue $46,937 Cost of Goods Sold $28,614 Contribution Margin Percentage =( Revenue Variable cost) / Revenue 4. Calculate breakeven amount and discuss how you would use it as a manager to make decisions. Answer: Revenue 46,937 Cost of Goods Sold 28,614 Contribution Margin Percentage =( Revenue Variable cost )/ Revenue Fixed Costs Breakeven Amount = Fixed Costs / Contribution Margin Percentage 5. Using the breakeven volume calculated for question 2 and breakeven amount calculated for question 4 and assuming East End Gallery is open 30 days per month, calculate sales per day. Discuss how you would use it as a manager to make decisions. Answer: Sales Per day = breakeven volume / days open units per day Sales Per day = breakeven amount/ days open $ 6. Using the breakeven volume calculated for question 17 and assuming East End Gallery is open 8 hour. per day, 30 days per month, calculate sales per hour. Discuss how you would use it as a manager to make decisions. Answer: Sales Per hour = breakeven volume / days open / hours open Sales Per hour = breakeven amount/ days open/ hours open 7. Assuming East End Gallery occupies 2,500 square feet. calculate the sales per square foot for the month and annually. Discuss how you would use it as a manager to make decisions. Answer: Square Foot Revenue 2,50046,937 Monthly Sales per Square Foot Annual Sales per Square Foot