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Chapter 4 Palmer Co. provided the following data for...

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Accounting

Chapter 4
Palmer Co. provided the following data for next month:
Selling price per unit $500
Variable manufacturing costs per unit $150
Fixed manufacturing costs per unit $ 75
Variable selling costs per unit $ 50
Fixed selling costs per unit $ 50
Expected production and sales 2,000 units
Required:
1. What is contribution margin per unit?
2. What is the contribution margin ratio?
3. What is the break-even point in units?
4. What are the sales in dollars needed to obtain on operating income of $20,000?

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