Reference no: EM132648841
Cottonwood Company reports the following operating results for the month of April.
COTTONWOOD COMPANY CVP Income Statement
For the Month Ended April 30, 2020
Total Per Unit
Sales (8,300 units) $332,000 $40
Variable costs 132,800 16
Contribution margin 199,200 $24
Fixed costs 158,400
Operating income $40,800
Management is considering the following course of action to increase operating income: Reduce the selling price by 20%, with no changes to unit variable costs or fixed costs. Management is confident that this change will increase unit sales by 30%.
Problem 1: Using the contribution margin technique, calculate the break-even point in units and dollars and margin of safety in dollars.
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