Question: g Enabled: MH Lab 2: Cost-Volume-Profit Saved Help Save & Exit Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic,
g Enabled: MH Lab 2: Cost-Volume-Profit Saved Help Save & Exit Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a loss. The company's contribution format income statement for the most recent month is given below. 50 Sales (16,500 units) Less: Variable expenses Contribution margin Less: Fixed expenses Net operating loss Required: $660,000 495,000 165,000 170,000 $ (5,000) 1. Compute the company's CM ratio and its break-even point in both units and dollars. (Do not round intermediate calculations. Round your "Break-even point in units" answer up to nearest whole number.)
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