Vernon Company reported the following data regarding the product it sells: Sales price $70 Contribution margin ratio 15% Fixed costs $223,000 Use the contribution margin ratio approach. To obtain a profit of $59,000, what must the sales be in dollars? In units? i. 22,458 units ii. 23,550 units iii. 28,800 units iv. 26,858 units

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What must the sales be in dollars? In units?

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A company has assessed the profitability of its three products as shown here: Product A Product B Product C Total Sales (units) 3,000 5,000 2,000 10,000 £ £ Price 15.00 10.00 5.00 Variable costs 6.00 4.00 3.00 Divisible fixed costs 2.00 1.00 0.50 Non-divisible fixed costs 2.00 2.00 2.00 Profit/(Loss) 5.00 3.00 (0.50) As a result of this, it has been suggested that Product C should be dropped. All other things being equal what would be the financial impact of dropping Product C? A B Profit would increase by £1,000. Profit would increase by £2,000. Profit would fall by £3,000. C D Profit would fall by £4,000. £

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