Legal docs inc is a legal services firm that files

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Reference no: EM13603565

Legal Docs Inc is a legal services firm that files incorporation papers for small businesses. They charge $1,000 per application. This year's income statement shows the following: Sales $1,295,000 Variable Expenses $1,023,000 Contribution margin $272,000 Fixed costs $250,000 Profit $22,000

Required:

(a) Compute the break-even point in units.

(b) Compute the contribution margin ratio.

(d) How many applications must the company sell to make a profit of $350,000?

Reference no: EM13603565

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