Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Roland had revenues of $612,000 in March. Fixed costs in March were $232,650 and profit was $54,990. a. What was the contribution margin percentage? Contribution

image text in transcribedimage text in transcribedimage text in transcribed

Roland had revenues of $612,000 in March. Fixed costs in March were $232,650 and profit was $54,990. a. What was the contribution margin percentage? Contribution Margin b. What monthly sales volume (in dollars) would be needed to break-even? Break-even Sales Volume c. What sales volume (in dollars) would be needed to earn $184,240? Total Sales Volume

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What does it mean for Treasury bills to be sold at a discount?

Answered: 1 week ago

Question

8. Explain the contact hypothesis.

Answered: 1 week ago

Question

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago