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To pay for his academic fees, Tarek, a college student, is selling a computer accessory...

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Question

Accounting

To pay for his academic fees, Tarek, a college student, is selling a computer accessory to other students. His cost to purchase each piece is
$45,
and he is planning to sell the accessories for
$113
each. Fixed costs for advertising amount to
$570.
(a)Compute the contribution margin.
(b)Compute the contribution rate.
(c)Compute the break-even point in units.
(d)Compute the break-even point in sales dollars.
a) The contribution margin per unit is
$
.
(Type a whole number.)
Part 2
(b) The contribution rate is
%.
(Round to two decimal places as needed.)
Part 3
(c) The break-even point in units is
.
(Round up to the nearest unit.)
Part 4
(d) The break-even point in sales dollars is
$
.
(Round to the nearest cent as needed.)

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