Ivanhoe Camping Supply sells harsh weather tents. The company has the following income statement. Sales ($1,080...

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Ivanhoe Camping Supply sells harsh weather tents. The company has the following income statement. Sales ($1,080 per unit) Less: Cost of Goods sold ($466 per unit) Gross margin Less: Operating costs Salaries Advertising Sales commissions ($5 per unit) Shipping ($15 per unit) Operating income $43,200 10,854 1,000 3,000 $216,000 93,200 122,800 58,054 $64,746 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25,000.) Contribution margin per unit $ e Textbook and Media Calculate the contribution margin ratio. (Round answers to O decimal places, e.g. 25.) Contribution margin ratio % Calculate the breakeven point in units. In sales dollars. (Use your answer of breakeven units to calculate the breakeven point in dollars. Round Breakeven units and point in dollar to O decimal places, e.g. 25,000.) Breakeven point in units Breakeven point in dollars eTextbook and Media Margin of safety in units $ Calculate the margin of safety in units. In dollars. (Use your answer of margin of safety in units to calculate the margin of safety in dollars. Round Margin of safety units and point in dollar to O decimal places, e.g. 25,000.) Margin of safety in dollars units $ units Ivanhoe Camping Supply sells harsh weather tents. The company has the following income statement. Sales ($1,080 per unit) Less: Cost of Goods sold ($466 per unit) Gross margin Less: Operating costs Salaries Advertising Sales commissions ($5 per unit) Shipping ($15 per unit) Operating income $43,200 10,854 1,000 3,000 $216,000 93,200 122,800 58,054 $64,746 Calculate the contribution margin per unit. (Round answers to O decimal places, e.g. 25,000.) Contribution margin per unit $ e Textbook and Media Calculate the contribution margin ratio. (Round answers to O decimal places, e.g. 25.) Contribution margin ratio % Calculate the breakeven point in units. In sales dollars. (Use your answer of breakeven units to calculate the breakeven point in dollars. Round Breakeven units and point in dollar to O decimal places, e.g. 25,000.) Breakeven point in units Breakeven point in dollars eTextbook and Media Margin of safety in units $ Calculate the margin of safety in units. In dollars. (Use your answer of margin of safety in units to calculate the margin of safety in dollars. Round Margin of safety units and point in dollar to O decimal places, e.g. 25,000.) Margin of safety in dollars units $ units

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To calculate the contribution margin per unit you subtract the variable costs from the sales price per unit The contribution margin per unit is calculated as follows Contribution Margin Per Unit Sales ... View the full answer