Crane's Bike Shop has the following income statement. Sales ($150 per unit) Less: Cost of Goods...

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Crane's Bike Shop has the following income statement. Sales ($150 per unit) Less: Cost of Goods sold ($96 per unit) Gross margin Less: Operating costs Salaries Advertising Shipping ($6 per unit) Operating income $24.960 12,480 Contribution margin per unit $ 6,240 $156,000 99,840 56,160 43,680 $12,480 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25.) Calculate the breakeven point in units and in sales dollars. (Use your answer of breakeven units to calculate the b dollars. Round Breakeven units and point in dollar to O decimal places, e.g. 25,000.) Calculate the margin of safety in units and in dollars. (Use your answer of margin of safety in units to calculate the mar dollars. Round Margin of safety units and point in dollar to O decimal places, e.g. 25,000.) Crane's Bike Shop has the following income statement. Sales ($150 per unit) Less: Cost of Goods sold ($96 per unit) Gross margin Less: Operating costs Salaries Advertising Shipping ($6 per unit) Operating income $24.960 12,480 Contribution margin per unit $ 6,240 $156,000 99,840 56,160 43,680 $12,480 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25.) Calculate the breakeven point in units and in sales dollars. (Use your answer of breakeven units to calculate the b dollars. Round Breakeven units and point in dollar to O decimal places, e.g. 25,000.) Calculate the margin of safety in units and in dollars. (Use your answer of margin of safety in units to calculate the mar dollars. Round Margin of safety units and point in dollar to O decimal places, e.g. 25,000.)

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To calculate the contribution margin per unit we subtract the cost of goods sold per unit from the s... View the full answer