300,000 Coolvision Company manufactures sunglasses. Last year, the company sold 30,000 of these sunglasses, with the...

Question:

300,000 Coolvision Company manufactures sunglasses. Last year, the company sold 30,000 of these sunglasses, with the following Sales (30,000 sunglasses).. $750,000 Variable expenses ........ 450,000 Contribution margin Fixed expenses ..... 210,000 Net operating income...$ 90,000 Required: 1. What is the contribution margin ratio? 3 marks ii. What is the breakeven point in units? 3 marks iii. What is the breakeven point in dollars? 3 marks CVP Formula ---- 1. Unit CM = Selling Price - VC per unit 2. CM Ratio = CM/ Sales 3. BEP in units – Fixed expenses/Contribution margin per unit 4. BEP in $= Fixed expenses/Contribution ratio 5. Unit sales for target profit - (Target Profit + FC)+ CM per unit 6. Sales in$ for target profit = (Target Profit + FC)+CM Ratio

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