Multiple Products-Using CVP Analysis to Measure Volume: Giovanni's Restaurant estimates its fixed costs to be $300,000 per
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Multiple Products-Using CVP Analysis to Measure Volume: Giovanni's Restaurant estimates its fixed costs to be $300,000 per month.
Required:
a. Determine the break-even point in sales dollars if the variable cost ratio is 2:3.
b. Determine the break-even point in sales dollars if fixed costs remained at $300,000 per month but the contribution margin ratio was 4:10.
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