value 30.00 points Northwood Company manufactures basketballs. The company has a ball that sells for...
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value 30.00 points Northwood Company manufactures basketballs. The company has a ball that sells for $32. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $22.40 per ball, of which 70% is direct labor cost. Last year, the company sold 52,000 of these balls, with the following results: Sales (52,000 balls) Variable expenses $1,664,000 ,164,800 Contribution margin Fixed expenses 499,200 422,400 Net operating income $ 76,800 Required: 1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations.) CM Ratio Unit sales to break even balls MacBook Air FI F2 00O F FS
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