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Compute break even point in units and in dollar amount

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Reference no: EM132940955

Sales$1,920,000

Direct materials 410,000

Direct labor 370,000

Manufacturing overhead-variable390,000

Manufacturing overhead-fixed280,000

Selling expenses-variable$147,000

Selling expenses-fixed52,000

Administrative expenses-variable27,000

Administrative expenses-fixed 42400

Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs.

Problem 1: Ive already made a CVP income statement and a variable cost of bottle of .420 need assistance with computing break even point in units and in $ amount, computing the contribution margin ratio and margin of safety ratio

Reference no: EM132940955

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