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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
$56,
and he is planning to sell the accessories for
$110
each. Fixed costs for advertising amount to
$620.
(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
$nothing.
(Type a whole number.) (b) The contribution rate is
nothing%.
(Round to two decimal places as needed.)(c) The break-even point in units is
nothing.
(Round up to the nearest unit.)(d) The break-even point in sales dollars is
$nothing.
(Round to the nearest cent as needed.)
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