Compute the company contribution margin


Question: The LJB Company contribution income statement for the most recent month is presented below:

Sales (30,000 basketballs at $50)    $1,500,000
Less Variable expenses                       900,000
Contribution margin                            600,000
Less Fixed expenses                           280,000
Net income                                       $320,000

Compute the company's contribution margin percentage and break-even point in both units and dollars.

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Finance Basics: Compute the company contribution margin
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