Question: Please answer the following question and any explanation necessary. #6 Amy Rose has a soup shop. She sells a large bowl of soup for $7.50.
Please answer the following question and any explanation necessary.
#6 Amy Rose has a soup shop. She sells a large bowl of soup for $7.50. The variable costs per bowl is $3.50 and her monthly fixed cost amounts to $9,000. What is her contribution margin ratio and breakeven point in sale dollars? #7 Speed School charges $250 per student to prepare and administer written and driving tests. Variable costs are $100 per student which includes trainer wages, study material and gasoline. Fixed costs are a total of $75,000 for the upkeep of the company. How many students does Speed School need in order to breakeven? Did you use the contribution per unit or contribution ratio approach
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
