Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company had revenues of $610,000 in March. Fixed costs in March were $164,700, and profit was $164,700. Answer the following questions: Required: a.

image text in transcribedimage text in transcribedimage text in transcribed

A company had revenues of $610,000 in March. Fixed costs in March were $164,700, and profit was $164,700. Answer the following questions: Required: a. 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 in dollars for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % Required A Required B > company had revenues of $610,000 in March. Fixed costs in March were $164,700, and profit was $164,700. Answer uestions: equired: What was the contribution margin ratio? What monthly sales volume (in dollars) would be needed to break even? What was the margin of safety in dollars for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What monthly sales volume (in dollars) would be needed to break even? Note: Do not round intermediate calculations. Round final answers to the nearest whole dollars. Total Sales Volume Needed A company had revenues of $610,000 in March. Fixed costs in March were $164,700, and profit was $164,700. Answ questions: Required: a. 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 in dollars for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the margin of safety in dollars for March? Note: Do not round intermediate calculations. Round final answers to the nearest whole dollars. Margin of Safety

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

Financial Accounting Tools for business decision making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

6th Edition

978-1119191674, 047053477X, 111919167X, 978-0470534779

More Books

Students also viewed these Accounting questions

Question

What can leaders do to manage diversity in organizations?

Answered: 1 week ago

Question

Appreciate the role of branding in globalization

Answered: 1 week ago

Question

please try to give correct answer 4 8 3 .

Answered: 1 week ago

Question

Treasury funding issues.

Answered: 1 week ago

Question

The purpose and structure of the treasury function.

Answered: 1 week ago

Question

Use of the yield curve by organisations.

Answered: 1 week ago