Using Cost-Volume-Profit Formulas Fantasy Corporation Manufactures a Single Product.The Selling Price Is $125

Using cost-volume-profit formulas
Fantasy Corporation manufactures a single product.The selling price is $125 per unit,and variable costs amount to $81 per unit.The fixed costs are $28,500 per month (round any units to the next highest full unit).
(a)What is the contribution margin per unit? $________ per unit
(b)What is the contribution margin ratio? ________% (Rounded to 1 decimal place)
(c)What is the monthly sales volume (in dollars)at the break-even point? $________
(d)How many units must be sold each month to earn a monthly operating income of $50,000? ________units
(e)What is the monthly margin of safety (in dollars)if 1,500 units are sold each month? $________
(f)What will be the monthly operating income if 1,500 units are sold each month? $________

Correct Answer:

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(a)$44 per unit
(b)3...

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