Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in

Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $185,300, how many dollars of revenue must the company generate in order to reach the break-even point?

Round to two decimal places.

Your Answer:


Step by Step Solution

3.36 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

To find the breakeven point we can use the formula Breakeven poi... 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

Step: 3

blur-text-image

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

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

4th Canadian edition

1118856996, 978-1118856994

More Books

Students also viewed these Finance questions