Compute total variable costs

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Reference no: EM1359005

Nelson Company manufactures running shoes. The selling price per pair of shoes (one unit) averages $80 and variable costs per pair are $47.50. The sales volume of $776,000 produces $100,750 of net income before taxes.

Required:

a. Compute total variable costs.

b. Compute total fixed costs

c. Compute the break-even point in units.

d. Compute the quantity of units above breakeven to reach targeted
net income before taxes.

e. Compute the contribution margin and contribution percentage

Reference no: EM1359005

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