Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 30, 2024

A company has fixed costs of $97,200. Its contribution margin ratio is 36% and the product sells for $63 per unit. What is the company's

A company has fixed costs of $97,200. Its contribution margin ratio is 36% and the product sells for $63 per unit. What is the company's break-even point in dollar sales?

$270,000.

$172,800.

$156,600.

$37,800.

$194,400.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

HR Self Audits A Strategy For Continuous Improvement

Authors: Wynette Harewood, Marilyn Silverman

1st Edition

B0BQXT8R3P, 979-8843293192

More Books

Students also viewed these Accounting questions

Question

★★★★★

Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production...

Answered: 1 week ago

Question

★★★★★

Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following...

Answered: 1 week ago

Question

★★★★★

What do you think of the wide range of criteria being used by different teachersis this fair to students?

Answered: 1 week ago

Question

★★★★★

How does the planning of fixed overhead costs differ from the planning of variable overhead costs?

Answered: 1 week ago

Question

★★★★★

With a step fixed-cost function ________. A) fixed cost changes proportionally with the level of activity B) the cost varies with the changes in the activity C) fixed cost is often approximated with...

Answered: 1 week ago

Question

★★★★★

The capital structure of Minelli Enterprises Limited as at 31 March 2020 is as follows: $000 Ordinary shares (par value $1.50) 60,000 5.5% (post-tax) Preference Shares (par value $2.20) 8,800 6.5%...

Answered: 1 week ago

Question

★★★★★

Three Company uses a process organized into two service or support departments (Support 1 and Support 2) and two producing departments (Production 1 and Production 2).Budgeted data for the four...

Answered: 1 week ago

Question

★★★★★

Assume that the differences are normally distributed. Complete parts (a) through (d) below. Observation 1 2 3 4 5 6 7 8 X 46.7 46.8 48.7 43.9 47.5 48.1 44.8 48.3 50.9 47.9 51.6 48.3 47.3 51.2 45.9...

Answered: 1 week ago

Question

★★★★★

this is kimon and he designed a new range of sneakers that are made from recyclable materials such as plastic and rubber. he also made sure that the sole is as comfortable as possible and that these...

Answered: 1 week ago

Question

★★★★★

I'm confused by the pictures here Residential Fire Damage Claims, 2010-2020 14,000 12.000 10,000 8,000 Thousands of Dollars 6,000 - 4.000 2,000 2010 2015 2020 Source: Insurance company records ()...

Answered: 1 week ago

Question

★★★★★

5. Suppose that you get the following regression result from a sample of 277 observations: = 4.57 +0.188x1 - 0.22x2 + 0.171x3 0.92x4 (0.25) (0.040) (0.21) (0.055) (0.33) R = 0.353 The numbers in the...

Answered: 1 week ago

Question

★★★★★

4. Identify the challenges facing todays organizations

Answered: 1 week ago

Question

★★★★★

2. Compare two organizations that you belong to or have regular contact with (such as a social organization, a volunteer organization, or a company). Describe the type of management approach at these...

Answered: 1 week ago

Question

★★★★★

1. LaunchPad for Real Communication offers key term videos and encourages selfassessment through adaptive quizzing. Go to bedfordstmartins.com/realcomm to get access to: LearningCurve Adaptive...

Answered: 1 week ago

Previous Question Next Question