Based on the attached photoWhat is the contribution margin ratio rounded to two decimal placesWhat is the break even point in units rounded to the nearest whole numberWhat is the break even point in dollars round to the nearest whole number Section BThomson Mechanic Shop employs three (3) mechanics. One mechanic serves as the supervisor andis paid $2,000 per month. The other two mechanics are paid $1,200. In addition, each mechanic ispaid a commission of $10 per vehicle. Other monthly costs incurred by the Shop includes rent $2,500Plus $40 per vehicle, depreciation on equipment $1,000, $100 is spent on mechanic supplies pervehicle, utilities cost $200 monthly and advertising $500 monthly. The price of servicing a vehicle atThompson is $350.00. Your friend who is completing her internship at Thomson has reached askedfor assistance in calculating the following for Thomson.1. Determine the following:Total variable cost per unit$ 800Total fixed cost$ 150002. Compute the following:Contribution mar

Working Note Particulars Variable costs Fixed costs calculations Mechanic fixed salary 10 4400…

What is the contribution margin ratio rounded to two decimal places What is the break even point in units rounded to the nearest whole number What is the break even point in dollars round to the nearest whole number

What is the contribution margin ratio rounded to two decimal places What is the break even point in units rounded to the nearest whole number What is the break even point in dollars round to the nearest whole number

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 1E

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