Business, 18.03.2020 22:30 HTKPenguin

Voltar Company manufactures and sells a telephone answering machine. The company's contribution format income statement for the most recent year is given below:

Total Per unit Pct. of sales (Ratios)
Sales $1,200,000 $60 100%
Less: variable expenses 900,000 45 ?%
Contribution margin 300,000 15 ?%
Less: fixed expenses 240,000
Net operating income $60,000

(a) What is the Contribution Margin (CM) Ratio (or percent of sales)?
(b) Calculate break-even point both in total units and total sales dollars.

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Voltar Company manufactures and sells a telephone answering machine. The company's contribution form...