Question: 1. Refer to QS. Determine the
(1) contribution margin ratio and
(2) break-even point in dollars.
QS: MCU Phone Company sells its cordless phone for $300 per unit. Fixed costs total $540,000, and variable costs are $120 per unit. Determine the
(1) contribution margin per unit and
(2) break-even point in units.
2. Apple produces iPods for sale. Identify some of the variable and fixed product costs associated with that production.