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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?
Cube Manufacturing began two jobs during May 200X. The company had no beginning inventory. The following information is available:
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Beginning inventory on March 1 consisted of 2,000 units each costing $11.20. During March, the following was purchased for inventory: Date Purchase
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