The Oriole Pet Store sells butterfly garden kits which includes a free-standing pop-up habitat and three...

  

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The Oriole Pet Store sells butterfly garden kits which includes a free-standing pop-up habitat and three varieties of butterfly larvae. Oriole sells the kits for $23. The store pays $13 for the habitat and $6 for the butterfly larvae. Fixed costs are $5,120. What is the contribution margin ratio for the butterfly garden kits? (Round answer to 2 decimal places, e.g. 1.64.) Contribution margin ratio % What is the breakeven point in units? (Round answers to O decimal places, e.g. 25,000.) Breakeven point kits The Oriole Pet Store sells butterfly garden kits which includes a free-standing pop-up habitat and three varieties of butterfly larvae. Oriole sells the kits for $23. The store pays $13 for the habitat and $6 for the butterfly larvae. Fixed costs are $5,120. What is the contribution margin ratio for the butterfly garden kits? (Round answer to 2 decimal places, e.g. 1.64.) Contribution margin ratio % What is the breakeven point in units? (Round answers to O decimal places, e.g. 25,000.) Breakeven point kits

Answer rating: 100% (QA)

The contribution margin ratio is calculated as follows Contributio... View the full answer