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Break-even point and target profit measured in units single

Problem - Break-Even Point and Target Profit Measured in Units (Single Product). Nellie Company has monthly fixed costs totaling $100,000 and variable costs of $20 per unit. Each unit of product is sold for $25.

Required:

1. Calculate the contribution margin per unit?

2. Find the break-even point in units?

3. How many units must be sold to earn a monthly profit of $40,000?

4. Calculate the contribution margin ratio?

5. Find the break-even point in sales dollars?

6. What amount of sales dollars is required to earn a monthly profit of $60,000?

Assume Nellie Company expects to sell 24,000 units of product this coming month.

7. Find the margin of safety in units?

8. Find the margin of safety in sales dollars?

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Accounting Basics: Break-even point and target profit measured in units single

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