Incline Company generated ($1,400,000) in revenue selling 800 units of its only product. Each unit has a
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Incline Company generated \($1,400,000\) in revenue selling 800 units of its only product. Each unit has a contribution margin of \($280\). The company has fixed costs of \($125/unit\) at the current production volume (assume unit production volume equals unit sales volume).
a. What is the contribution margin ratio for Incline's product?
b. Calculate the break-even point in revenue for Incline?
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Managerial Accounting For Undergraduates
ISBN: 9780357499948
2nd Edition
Authors: James Wallace, Scott Hobson, Theodore Christensen
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