Last month, the Laredo Company sold 650 units for $29 each.During the month, fixed costs were $2,920

Fantastic news! We've Found the answer you've been seeking!

Question:

Last month, the Laredo Company sold 650 units for $29 each. During the month, fixed costs were $2,920 and variable costs were $19 per unit.Required:
1. Determine the unit contribution margin and the contribution margin ratio. (Round your contribution margin ratio to the nearest whole percentage.)2. Calculate the breakeven point in units and sales dollars. (Round your answers to the next whole number.)3. Calculate Laredo's margin of safety in units and as a percentage of sales. (Round your Percent of Sales answer to 4 decimal places (ie .123456 should be entered as 12.3456%).)