Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Livingston co. has fixed costs of $60,000 and a contribution margin ratio of 30%. To break even, Livingston co. needs _____________ in dollar sales. A.

Livingston co. has fixed costs of $60,000 and a contribution margin ratio of 30%. To break even, Livingston co. needs _____________ in dollar sales. A. $180,000 B. $0 C. $60,000 D.$200,000

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: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions

Question

Evaluate the following derivatives. f(u) = sinh" (tan u)

Answered: 1 week ago

Question

What is the working capital cycle? (Section 9.3) AppendixLO1

Answered: 1 week ago