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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

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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 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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