A determine the contribution margin in dollars per unit and, Ask an Expert

Accounting

In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.

(a) Determine the contribution margin in dollars per unit and as a ratio.

(b) Compute the break-even point in dollars and in units.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950428

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