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The Following Information Is for a Product Manufactured and Sold

question 29

Essay

The following information is for a product manufactured and sold by Drake Company:
Sales price per unit: $100
Variable cost per unit: $30
Total annual fixed costs: $350,000
Required:
1)Calculate the contribution margin per unit.
2)How many units must Crane sell to break even?
3)How many units must Crane sell to achieve a profit of $35,000?

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Definitions:

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Small-scale, tightly integrated systems combining hardware and software to perform specific tasks, often part of a larger system.

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A place where people live, such as a house or apartment.

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The ability or capacity to influence or control the behavior of others or the course of events.

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