Question
Asked Oct 19, 2019
24 views
A company has total fixed costs of $240000 and a
contribution margin ratio of 30%. The total sales necessary
to break even are
O $200000.
O $800000.
O $312000.
O $560000.
help_outline

Image Transcriptionclose

A company has total fixed costs of $240000 and a contribution margin ratio of 30%. The total sales necessary to break even are O $200000. O $800000. O $312000. O $560000.

fullscreen
check_circle

Expert Answer

Step 1

Break-Even Sales: Sales volume required to cover the fixed and variable costs and left o...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Question 1

A: InventoryInventory refers to the Work-in-progress, raw material or the finished goods that are assum...

question_answer

Q: question 10 chapter 9 homework

A: Prepare amortization schedule: 

question_answer

Q: Problem #2  The following information was taken from the accounts and records of the Helping Hands F...

A: Calculate changes in Unrestricted net assets:   

question_answer

Q: Hall Company’s beginning inventory and purchases during the fiscal year ended December 31, 20--, wer...

A: Hey, since there are multiple questions posted, we will answer first question. If you want any speci...

question_answer

Q: Can you make QBI easier to understand? Can you say what the steps are?

A: QBI means Qualified Business Income, it is a deduction available to eligible tax payers. Sec 199 A o...

question_answer

Q: A company had inventory on July 1 of 5 units at a cost of $16 each. On July 2, they purchased 9 unit...

A: LIFO: In Last-in-First-Out method, items purchased recently are sold first. So, the value of the end...

question_answer

Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for portable game play...

A: Click to see the answer

question_answer

Q: Please give me step by step instruction on how to get cost of goods manufactured using the following...

A: Calculate the unit cost of goods manufactured based on variable costing concept as shown below:

question_answer

Q: During the current year, merchandise is sold for $95,500 cash and $1,315,000 on account. The cost of...

A: Gross margin (gross profit):Gross margin is the amount of revenue earned from goods sold over the co...