Title: Bart's Bike Shop has the following income statement.Sales ($150 per unit)$150,000Less Cost of Goods ...
Post by: vurt777 on Jan 18, 2023
Bart's Bike Shop has the following income statement. | Sales ($150 per unit) | | $150,000 | | Less Cost of Goods sold ($96 per unit) | | 96,000 | | Gross margin | | 54,000 | | Less Operating costs | | | | Salaries | $24,000 | | | Advertising | 12,000 | | | Shipping ($6 per unit) | 6,000 | 42,000 | | Operating income | | $ 12,000 |
Required: | a. | Calculate the contribution margin per unit. |
| b. | Calculate the contribution margin ratio. |
| c. | Calculate the break-even point in units. In sales dollars. |
| d. | Calculate the margin of safety in units. In dollars. |
Title: Bart's Bike Shop has the following income statement.Sales ($150 per unit)$150,000Less Cost of Goods ...
Post by: mkql12 on Jan 18, 2023
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