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Use this info to answer questions 18 through 20: Fixed Expenses Rent $24,000 Salaries $40,000 Depreciation $13,000 Variable Expenses Cost of Goods Sold 58% of

Use this info to answer questions 18 through 20: Fixed Expenses Rent $24,000 Salaries $40,000 Depreciation $13,000 Variable Expenses Cost of Goods Sold 58% of sales Supplies 7% of sales Sales Commissions 5% of sales 18. What is the company's contribution margin ratio? A. 30% B. 70% C. Cannot be determined 19. What is the break-even point in dollars? A. $77,000 B. $110,000 C. $256,667 20. If the company wants to earn a profit of $35,000, what is the amount of sales the company must achieve? A. $112,000 B. $145,000 C. $373,333

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