Problem
Magna Corp has provided the following information for the years 2017 & 2018
|
Year
|
2017
|
2018
|
|
Sales in units
|
1,800
|
2,000
|
|
Sales in value
|
273,600
|
304,000
|
|
Variable costs
|
36,000
|
44,000
|
|
Total fixed cost
|
350,000
|
325,000
|
Determine the following:
• Contribution margin ratio
• Contribution margin per unit
• Breakeven points in units
• Breakeven in value.