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Compute the company cm ratio and its break-even point

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Question - Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing difficulty for some time. The company's contribution format income statement for the most recent month is given below:

Sales (19,500 units at $30 per unit) $585,000

Variable expenses 409,500

Contribution margin 175,500

Fixed expenses 180,000

Net operating loss $(4,500)

Requirement - Compute the company's CM ratio and its break-even point in both units and dollars.

Reference no: EM131777651

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