Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Roland had revenues of $605,000 in March. Fixed costs in March were $197,200 and profit was $44,800. a. What was the contribution margin percentage? b.
Roland had revenues of $605,000 in March. Fixed costs in March were $197,200 and profit was $44,800. a. What was the contribution margin percentage? b. What monthly sales volume (in dollars) would be needed to break-even? c. What sales volume (in dollars) would be needed to earn $154,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
