Stratford Company distributes a lightweight lawn chair that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $200,000 annually.


What is the product’s CM ratio?(Do not round intermediate calculations. Omit the “%” sign in your response.)

CM ratio %


Use the CM ratio to determine the break-even point in sales dollars.(Do not round intermediate calculations. Round your answer to the nearest dollar amount. Omit the “$” sign in your response.)

Break-even point in sales dollars $