Information concerning a product produced by Ender Company appears here:
| Sales price per unit |
$ |
200 |
| Variable cost per unit |
$ |
80 |
| Total annual fixed manufacturing and operating costs |
$ |
600,000 |
Required
Determine the following:
a. Contribution margin per unit.
b. Number of units that Ender must sell to break even.
c.. Sales level in units that Ender must reach to earn a profit of $240,000.
d. Determine the margin of safety in units, sales dollars, and as a percentage. (Round "Percentage" answer to 1 decimal place. (i.e., .234 should be entered as 23.4).)