Question $1$ of $8$

$0\mathrm{.}25$

Ivanhoe Corp. had total variable costs of $$120,400,$ total fixed costs of $$101,200,$ and total revenues of $$215,000.$

$($a$1)$

Your answer is correct.

Calculate contribution margin ratio.

Contribution margin ratio $\%$

eTextbook and Media

$($a$2)$

Compute the required sales in dollars to break even.

Break$-$even point in dollars