Question
Asked Mar 26, 2019
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Ivanhoe Corp. had total variable costs of $180,900, total fixed costs of $77,550, and total revenues of $270,000. Compute the required sales in dollars to break even.

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Expert Answer

Step 1

Break even point is usually calculated by the company in order to know how much sales volume is required in certain period to cover the cost.

Step 2

Step 1: Calculate contribution margin ratio.

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Step 3

Step 2: Calculate required sales ...

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