(Answered) Question 1 refer to qs determine the1 contribution margin

Accounting

Question: 1. Refer to QS. Determine the

(1) contribution margin ratio and

(2) break-even point in dollars.

QS: MCU Phone Company sells its cordless phone for $300 per unit. Fixed costs total $540,000, and variable costs are $120 per unit. Determine the

(1) contribution margin per unit and

(2) break-even point in units.

2. Apple produces iPods for sale. Identify some of the variable and fixed product costs associated with that production.

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