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Music Now plans to sell 6,000 MP3 players at $60 each in the coming year....

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Question

Accounting

Music Now plans to sell 6,000 MP3 players at $60 each in the coming year. Variable cost per unit is $12 and total fixed cost is $24,000.
Required:
A. Calculate the variable cost ratio.
%
B. Calculate the contribution margin ratio.
%
C. Calculate the break-even point in sales dollars.
D. If Music Now has a target profit of $90,000, how many MP3 players will it have to sell? MP3 players
image

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