Prepare a contribution margin income statement for the month. What is the contri

Question

Prepare acontribution marginincome statement for the month.

What is the contribution margin ratio? Round your answer to the nearest whole percent.
%

What volume, in terms of units, must the company sell to break even?

units

Prepare acontribution marginincome statement for the month.

Senora Company Contribution Margin Income Statement Contribution marginFixed costsVariable costsSales Less contribution marginLess fixed costsLess variable costsLess sales Contribution marginFixed costsVariable costsSales Less contribution marginLess fixed costsLess variable costsLess sales Operating income

Senora Company manufactures a single product that sells for $110 per unit. The company projects sales of 500 units per month. Projected costs are as follows: Prepare acontribution marginincome statement for the month. Senora Company Contribution Margin Income Statement Operating income What is the contribution margin ratio? Round your answer to the nearest whole percent. % What volume, in terms of units, must the company sell to break even? units

Explanation / Answer

4800 5670 1450 1190 50$ 901.8

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