accounting 324980
Aug 29, 2021 | Uncategorized
| Requirement 2: |
|
Calculate Overhill’s contribution margin ratio and its total contribution margin at each sales level indicated in the cost data table assuming the company sells each bike for $650. (Round your answers to 2 decimal places. Omit the “%” sign in your response.)
|
|
500 Units |
800 Units |
1,000 Units |
| Total contribution margin |
$ |
$ |
$ |
| Contribution margin ratio |
% |
% |
% |
|
| Requirement 3: |
|
Calculate profit at each of the sales levels assuming a sales price of $650. (Negative amount should be indicated by a minus sign. Omit the “$” sign in your response.)
|
|
500 Units |
800 Units |
1,000 Units |
| Profit / Loss |
$ |
$ |
$ |