Question: please help! 1 Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods and other portable
Contribution Margin, Break-Even Units, Contribution Margin Income Statement, Margin of Safety Cheetah Company manufactures custom-designed skins (covers) for iPods" and other portable MP3 devices. Variable costs are $5.50 per custom skin, the price is $10, and fored costs are 582,800 . Required 1. What is the contribution margin for one custom skin? Round your answer to the nearest cent. per custom skin 2. How many custom skins must Cheetah Company sell to break even? custom skins 3. If Cheetah Company sells 19,000 custom skoins, what is the operating income? $ 4. Calculate the margin of safety in units and in sales revenue if 19,000 custom skins are sold. Margin of safety in units units Margin of safety in sales revenue
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