Juniper Had Revenues of $450,000 in March

question 117

Essay

Juniper had revenues of $450,000 in March.Fixed costs in March were $240,000 and profit was $30,000.Answer the following questions:
a.What was the contribution margin percentage?
b.What monthly sales volume (in dollars)would be needed to break-even?
c.What was the margin of safety for March?

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Definitions:

Hypogastric Region

The lower central part of the abdomen located below the umbilical region.

Umbilicus

Also known as the navel or belly button, it is the scar on the abdomen that marks the former attachment point of the umbilical cord.

Lumbar Region

The lower part of the spine, consisting of five vertebrae, which plays a key role in supporting the upper body and allowing movement.

Blood Glucose

The sugar that is transported through the bloodstream to supply energy to cells.