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Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies
Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Sales revenue Less: Variable cost. Contribution margin Less: Fixed cost Net operating income Required: Remo Company $ 430,000 299,000 $ 131,000 25,000 $ 106,000 Calculate the break-even sales revenue for each company. Angelo Incorporated $430,000 190,000 $ 240,000 134,000 $ 106,000 Note: Round your "Contribution Margin Ratio" percentage to 2 decimal places (i.e. 0.1524 15.24%) and final answers to 2 decimal places. Remo Angelo Incorporated Company Break-Even Sales Revenue 1.24 $ 2.26
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