Question
Eastland Corp. had total variable costs of $173,950, total fixed costs of $118,000, and total revenues of $245,000. Calculate contribution margin ratio. Contribution margin ratio
Eastland Corp. had total variable costs of $173,950, total fixed costs of $118,000, and total revenues of $245,000.
Calculate contribution margin ratio.
Contribution margin ratio
%
Compute the required sales in dollars to break even.(Round answer to 0 decimal places, e.g. 15.)
Required sales$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
First lets calculate the contribution margin by subtracting the total variable costs from the total ...
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Step: 2
Step: 3
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th edition
978-1118334331, 1118334337, 978-1119036449, 1119036445, 978-1119036432
