Problem
Given the information below.
Selling Price: $43.00
Fixed Cost: $450,000.00
Direct Materials: $11.50
Direct Labor: $13.00
1. What is the variable cost? Enter you answer with 2 decimal places
2. What is the contribution margin? Enter you answer with 2 decimal places
3. What is the breakeven point in units? Roundup to a whole number
4. What is the number of units needed to earn a profit of $500,000.00?