Reference no: EM131678601

Question - Poloskie Manufacturing Inc. has provided you with the following Cost-Volume-Profit Income Statement.

Sales (1,000 units)                     $650,000

Variable costs:

Cost of goods sold                      $300,000

Selling expenses                        55,000

Administrative expenses             43,000

Contribution margin                   252,000

Fixed costs:

Cost of goods sold                     115,000

Selling expenses                       35,000

Administrative expenses            20,000

Operating income                      $82,000

Calculate contribution margin ratio.

Calculate the break-even point in sales dollars and number of units.