True

False M$6-3($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio, Finding Break$-$Even Point $[$LO $6-1]$

Required:

Juniper Enterprises sells handmade clocks. Its variable cost per clock is $\backslash$$$14\mathrm{.}00,$ and each clock sells for $\backslash$$$28.$

Calculate Juniper's contribution margin per unit and contribution margin ratio.

If the company's fixed costs total $\backslash (\backslash$$ $10,360\backslash ),$ determine how many clocks Juniper must sell to break even.

Complete this question by entering your answers in the tabs below.

Contribution

Break Even

Margin

Point

Calculate Juniper's contribution margin per unit and contribution margin ratio.

Note: Round your "Unit Contribution Margin" answer to $2$ decimal places.