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Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing
Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Angelo Remo Co. Inc. Sales revenue $285,000 $285,000 Less: Variable 190,000 128,000 cost Contribution margin $ 95,000 $157,000 Less: Fixed 40,000 cost 102,000 Net operating $ 55,000 $ 55,000 income Required: Calculate the break-even sales revenue for each company. (Round your "Contribution Margin Ratio" percentage to 2 decimal places (i.e. 1524 = 15.24%) and final answers to 2 decimal places.) Remo Co. Angelo Inc. Break-Even Sales Revenue
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