Bivouac Camping Supply sells marine-grade hatches. The hatches sell for $20 each. The cost of each hatch is $12. The only other costs are fixed costs of $15,000. During the current period, Bivouac sold 2,400 units.
Required:
a. | What is the contribution margin per unit? |
b. | What is the contribution margin ratio? |
c. | What is the break-even point in units? In dollars? |
d. | What is the margin of safety in units? In dollars? |