Megalo Mart sold $1,000$ units last month which yielded the income statement below.Sales $$20,000$Variable Expenses $12,000$Contribution Margin $8,000$Fixed Expenses $6,000$Net Income $$2,000$Answer the questions that follow using the given information.What is Megalo Mart's contribution margin per unit?What is the contribution margin ratio?What is the break$-$even point in units?What is the break$-$even point in dollars?How many units have to be sold to reach a target profit of $$5,000?$

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To answer the questions well use the information provided in the income statement Sales 20000 Variable Expenses 12000 Contribution Margin 8000 Fixed E... View the full answer