Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In March, Roland had revenues of $611,000 fixed costs of $199,670, and a profit of $50,840. Answer the following questions: Required: a. What was the

image text in transcribed
image text in transcribed
image text in transcribed
In March, Roland had revenues of $611,000 fixed costs of $199,670, and a profit of $50,840. 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 sales volume (in dollars) would be needed to earn $165,230 ? Complete this question by entering your answers in the tabs below. What was the contribution margin ratio? In March, Roland had revenues of $611,000 fixed costs of $199,670, and a profit of $50,840. 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 sales volume (in dollars) would be needed to earn $165,230 ? Complete this question by entering your answers in the tabs below. What monthly saies volume (in dollars) would be needed to break even? In March, Roland had revenues of $611,000 fixed costs of $199,670, and a profit of $50,840. 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 sales volume (in dollars) would be needed to earn $165,230 ? Complete this question by entering your answers in the tabs below. What sales volume (in dollars) would be needed to earn $165,230

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

Forensic And Investigative Accounting

Authors: D. Larry Crumbley

3rd Edition

0808017233, 9780808017233

More Books

Students also viewed these Accounting questions