(Answered) Question - rossi incorporated makes track suits that sell

Accounting

Question - Rossi Incorporated makes track suits that sell for $72 each. Actual sales are $916,500. Management estimates that fixed costs will total $217,500 and variable costs will be $45 per unit this coming year.

Calculate the break-even point in dollars using the contribution margin ratio.

Calculate the margin of safety in dollars and the margin of safety ratio.

Calculate the sales dollars required to earn an operating income of $203,500.

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