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Small Steps sells step stools. Their budget information is shown below.
selling price: $40 per stoolVariable expense:$30 per stoolFixed Expense:$24,000
use the above information to answer the following questions.1. Draw a CVP Graph for Small Steps and label the parts.2. Calculate the Contribution Margin and contribution margin ratio.3. Calculate Break Even in Units4. How many steps stools would small steps need to sell to reach a profit of $10,000?5. If they have a profit (net income) of $10,000 what is their Margin Safety Ratio?
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initial stock.=21,926,150 purchases.=361,550,000 other expenses=207,000,000 operatig profit=34,500,000 sqles=600,000,000 disc received=23,976,150 final stock=1000,000 variable exp
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