The data to the right pertain to the operating budget of a manufacturing company. Compute the following. (a) contribution margin (b) contribution rate (c) break-even point in sales dollars Sales Fixed cost $115,000 Total variable cost $1,039,600 Total cost Net income (a) The contribution margin is $ (Round to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) $2,260,000 (c) The break-even point in sales dollars $ (Round to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) $1,154,600 $1,105,400 (b) The contribution rate is %. (Round to the nearest whole number as needed. Round all intermediate values to six decimal places as needed.)

The data to the right pertain to the operating budget of a manufacturing company. Compute the following. (a) contribution margin (b) contribution rate (c) break-even point in sales dollars Sales Fixed cost $115,000 Total variable cost $1,039,600 Total cost Net income (a) The contribution margin is $ (Round to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) $2,260,000 (c) The break-even point in sales dollars $ (Round to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) $1,154,600 $1,105,400 (b) The contribution rate is %. (Round to the nearest whole number as needed. Round all intermediate values to six decimal places as needed.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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