SOLUTION: I am going to open my own Sports Jersey store. I will be selling Sports Jerseys for $99 each. My variable costs are $34. Show all work not just answer: What is my Contribution M

Question 1182493: I am going to open my own Sports Jersey store. I will be selling Sports Jerseys for $99 each. My variable costs are $34. Show all work not just answer:
What is my Contribution Margin per Unit?
What is the Contribution Margin Ratio (%)?
If I sell 1,000 Jerseys in my first month of business, what is my Contribution Margin in dollars?
If my total fixed costs for the month are $25,000. What is my profit for the month if I sell 1,000 jerseys?
If my fixed costs for the month are $25,000 what is my Break Even Point in Units?
If I wanted to make $100,000 each month, how many units will I need to sell each month?
Answer by ikleyn(52891) (Show Source): You can put this solution on YOUR website!
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