Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers' wages, study materials, and
gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars.
Read the eauirements
Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units:
Begin by showing the formula for contribution margin per unit and then enter the amounts to calculate the contribution margin per unit for each situation. (Abbreviation used: CM =
contribution margin.)
CM per unit
Transcribed Image Text:Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variable costs of $408 per student include trainers' wages, study materials, and gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars. Read the eauirements Requirement 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units: Begin by showing the formula for contribution margin per unit and then enter the amounts to calculate the contribution margin per unit for each situation. (Abbreviation used: CM = contribution margin.) CM per unit
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