Compute the answer of the given problems
Problem 1- You have total fixed costs of $54,000 and sold 350 units at $140/unit. Your total variable costs were $35,000.
Part 1- What is your net income/loss.
Problem 2- You're currently producing with fixed costs of $34,000 at a tax rate of 25% and a contribution ratio of 45%.
Part 1- How much revenue must be generated for you to achieve an after-tax profit of $36,000?
Problem 3-
Problem 4- If a company's margin of safety is 35% on sales of $200,000 what will its margin of safety (in dollars) be on sales of $300,000 given that all else remains the same?
I need help to find the contribution ratio.