Q- income statement :
Sales 450,000
COGS 200,000
Gross Margin 250,000
Other operating expenses 196,000
Operating income 54,000
The company has determined that 50,000 of GOGS and 166,000 of operating expenses is fixed. Required:
1- Compute the contribution margin
2- Compute the contrubution margin percentage
3- Compute the breakeven volume in sales dollars
4- Compute the current margin of safety
Thanking you
