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Viva sells its waterproof phone case for $100 per unit. Fixed costs total $187,000, and variable costs are $40 per unit.

Viva sells its waterproof phone case for $100 per unit. Fixed costs total $187,000, and variable costs are $40 per unit.

FINANCIAL ACCOUNTING
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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 Subject :- Accounting 

Viva sells its waterproof phone case for $100 per unit. Fixed costs total $187,000, and variable costs are $40 per unit. (1) Determine the contribution margin ratio. Contribution margin Contribution Margin Ratio. Numerator: (2) Determine the break-even point in dollars. Numerator: 1 1 1 per unit Denominator: Denominator: = = Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars
Transcribed Image Text:Viva sells its waterproof phone case for $100 per unit. Fixed costs total $187,000, and variable costs are $40 per unit. (1) Determine the contribution margin ratio. Contribution margin Contribution Margin Ratio. Numerator: (2) Determine the break-even point in dollars. Numerator: 1 1 1 per unit Denominator: Denominator: = = Contribution Margin Ratio Contribution margin ratio Break-Even Point in Dollars Break-even point in dollars
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