1.Following is a summary of basic cost and revenue data for an Engineering Consultation Office. Assuming that the average number of consultation services that they provide per month is 802; use the following information to calculate: Price Per Unit = $22 Units Sold = 802 Total Variable Cost = $9,624 Unit contribution margin and total contribution margin. а. b. Breakeven point if Fixed cost = $5,000. Calculate company margin of safety ratio if 700 consultation services are provided per month. С.
1.Following is a summary of basic cost and revenue data for an Engineering Consultation Office. Assuming that the average number of consultation services that they provide per month is 802; use the following information to calculate: Price Per Unit = $22 Units Sold = 802 Total Variable Cost = $9,624 Unit contribution margin and total contribution margin. а. b. Breakeven point if Fixed cost = $5,000. Calculate company margin of safety ratio if 700 consultation services are provided per month. С.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Question
![1.Following is a summary of basic cost and
revenue data for an Engineering Consultation
Office. Assuming that the average number of
consultation services that they provide per
month is 802; use the following information to
calculate:
Price Per Unit = $22
Units Sold = 802
Total Variable Cost = $9,624
Unit contribution margin and total
contribution margin.
а.
b.
Breakeven point if Fixed cost = $5,000.
Calculate company margin of safety ratio
if 700 consultation services are provided per
month.
С.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F78f2a15a-0759-4172-ae38-c3c3d9894acd%2Fa6f4ec3d-5b71-499f-ab7b-a7667b60de9d%2F1kdr45m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1.Following is a summary of basic cost and
revenue data for an Engineering Consultation
Office. Assuming that the average number of
consultation services that they provide per
month is 802; use the following information to
calculate:
Price Per Unit = $22
Units Sold = 802
Total Variable Cost = $9,624
Unit contribution margin and total
contribution margin.
а.
b.
Breakeven point if Fixed cost = $5,000.
Calculate company margin of safety ratio
if 700 consultation services are provided per
month.
С.
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