Question: E6-10 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety [LO 6-2, 6-3) Last month, Laredo Company sold 520 units for $60 each. During

 E6-10 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety

[LO 6-2, 6-3) Last month, Laredo Company sold 520 units for $60

each. During the month, fixed costs were $8,211 and variable costs were

E6-10 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Margin of Safety [LO 6-2, 6-3) Last month, Laredo Company sold 520 units for $60 each. During the month, fixed costs were $8,211 and variable costs were $9 per unit. Required: 1. Determine the unit contribution margin and contribution margin ratio. 2. Calculate the break-even point in units and sales dollars. 3. Compute Laredo's margin of safety in units and as a percentage of sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the unit contribution margin and contribution margin ratio. (Round your Contribution Margin Ra whole percentage.) to the nearest Unit Contribution Margin Contribution Margin Ratio % Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the break-even point in units and sales dollars. (Round your answers to the nearest whole number.) Units Break-Even Units Break-Even Sales Dollars Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Laredo's margin of safety in units and as a percentage of sales. (Round your intermediate calculations to the nearest whole number. Round your Percentage of Sales answer to 4 decimal places (I.e. 0.123456 should be entered as 12.3456%)). Units Margin of Safety Margin of Safety as Percentage of Sales

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