Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the unit selling price is $53 and the variable cost per unit is $25 and the total fixed costs are $50,174, what is the

If the unit selling price is $53 and the variable cost per unit is $25 and the total fixed costs are $50,174, what is the break even point in dollars? Round the contribution margin ratio to at least seven decimal places for your calculation. Round only your final answer to the nearest one dollar and do not type the dollar sign.

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

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions