Using Cost-Volume-Profit Formulas Gary Corporation Manufactures a Single Product.The Selling Price Is $104

question 50

Essay

Using cost-volume-profit formulas
Gary Corporation manufactures a single product.The selling price is $104 per unit,and variable costs amount to $78 per unit.The fixed costs are $36,000 per month (round any units to the next highest full unit).
(a)What is the contribution margin per unit? $________ per unit
(b)What is the contribution margin ratio? ________%
(c)What is the monthly sales volume (in dollars)at the break-even point? $________
(d)How many units must be sold each month to earn a monthly operating income of $32,000? ________units
(e)What is the monthly margin of safety (in dollars)if 3,000 units are sold each month? $________
(f)What will be the monthly operating income if 3,000 units are sold each month? $________

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Office Building

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A housing unit in a building or property, intended for use as a dwelling place by individuals or families.

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