Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company has total fixed costs of $177000and a contribution margin ratio of40%. How much sales are necessary to break even? $371700 $442500 $70800 $106200
A company has total fixed costs of $177000and a contribution margin ratio of40%. How much sales are necessary to break even?
$371700
$442500
$70800
$106200
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