Question: 1. A company sells a product for $90 per unit with variable costs of $54 per unit. What is the contribution margin ratio?
2. Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000.
(1) Use this information to compute the company's
(a) contribution margin,
(b) contribution margin ratio,
(c) break-even point in units, and
(d) break-even point in dollars of sales.