Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

THE Company introduced a new product to customers during 2021. The new product had a break-even point in sales revenue of $600,000 and a contribution

THE Company introduced a new product to customers during 2021. The new product had a break-even point in sales revenue of $600,000 and a contribution margin ratio of 30%. During 2021, the net income from the new product amounted to $150,000. The variable costs related to the new product during 2021 were equal to: 

Group of answer choices

$180,000

$330,000

$420,000

$430,000

$750,000

$770,000

$1,100,000

none of the above choices are correct

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

Algorithm Audit Why What And How

Authors: Biagio Aragona

1st Edition

0367530929, 978-0367530921

More Books

Students also viewed these Accounting questions

Question

Example. Evaluate 5n+7 lim 7-00 3n-5

Answered: 1 week ago