ASAP PLEASE WILL GIVE THUMBS UP! 1-Zootsuit Inc. makes travel bags that sell for $56...
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ASAP PLEASE WILL GIVE THUMBS UP!
1-Zootsuit Inc. makes travel bags that sell for $56 each. For the coming year, management expects fixed costs to total $320,000 and variable costs to be $42 per unit. Compute the following:
a) break-even point in dollars using the contribution margin (CM) ratio;
b) the margin of safety and margin of safety ratio assuming actual sales are $1,382,400
c)the sales dollars required to earn net income of $410,000.
ASAP PLEASE WILL GIVE THUMBS UP!
1-Zootsuit Inc. makes travel bags that sell for $56 each. For the coming year, management expects fixed costs to total $320,000 and variable costs to be $42 per unit. Compute the following:
a) break-even point in dollars using the contribution margin (CM) ratio;
b) the margin of safety and margin of safety ratio assuming actual sales are $1,382,400
c)the sales dollars required to earn net income of $410,000.
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