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2) Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields
2) Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $3,330,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%.
Reference: Ref 6-2
The break-even point in dollars is
Answer
A. $8,325,000.
B. $9,000,000.
C. $7,744,186.
D. $1,232,100..
How much sales are required to earn a target income of $120,000 if total fixed costs are $150,000 and the contribution margin ratio is 40%?
A 300,000
B 450,000
C 675,000
D 495,000
Richert Company's activity for the first three months of 2011 are as follows:
Machine Hours | Electrical Cost |
January | 2,100 | $4,800 |
February | 2,600 | $5,800 |
March | 2,900 | $6,400 |
Using the high-low method, how much is the cost per machine hour?
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