Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had revenues of $467,000 in March. Fixed costs in March were $260,000, and profit was $43,550. Required: . What was the contribution margin

image text in transcribed
A company had revenues of $467,000 in March. Fixed costs in March were $260,000, and profit was $43,550. Required: . What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. What was the contribution margin ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services A Systematic Approach

Authors: William F. Messier, Steven M. Glover, Douglas F. Prawitt

4th Edition

0071117474, 9780071117470

More Books

Students also viewed these Accounting questions

Question

Discuss the objectives of discipline and appeals systems

Answered: 1 week ago