n September, Crane Industries sold 850 units of product. The average sales price was $50....
70.2K
Verified Solution
Link Copied!
Question
Accounting
n September, Crane Industries sold 850 units of product. The average sales price was $50. During the month, fixed costs were $8,700 and variable costs were 70% of sales. (a) Determine the contribution marginin dollarsker unit, and as a ratio, (Round Contribution margin to 0 decimol ploces, es 5,275 , Other all answers to 2 decimal places, eg. 52.75.) Contribution margin (in dollars) $ Unit contribution margin Contribution margin ratlo Using the contribution margin technique, compute break-even salesdollars and sales units. Break-even sales (in dollars) Break-even sales (in units) units
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.