Morrison Company
Not what you're looking for?
The following information describes a product expected to be produced by the Morrison Company:
Selling Price.....$80 per unit
Variable cost.....$32 per unit
Total fixed cost..$630,000
a Calculate the contribution margin ratio.
b calculate the break-even point in dollar sales
c What dollar amount of sales would be necessary to achieve a pretax income of $120,000?
Purchase this Solution
Solution Summary
The solution explains how to calculate the contribution margin, breakeven and net income for Morrison Company
Solution Preview
a Calculate the contribution margin ratio.
Contribution margin ratio = Contribution Margin/Sales
Contribution Margin = selling price - ...
Purchase this Solution
Free BrainMass Quizzes
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.