Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Sales revenue Less: Variable cost Contribution margin Less: Fixed cost Net operating income Remo Company $ 295,000 198,000 $ 97,000 40,000 $ 57,000 Break-Even Sales Revenue Required: Calculate the break-even sales revenue for each company. Note: Round your "Contribution Margin Ratio" percentage to 2 decimal places (i.e. 0.1524 = 15.24%) and final answers to 2 decimal places. Angelo Incorporated $ 295,000 132,000 $ 163,000 106,000 $ 57,000 Remo Company Angelo Incorporated

Remo Company and Angelo Incorporated are separate companies that operate in the same industry. Following are variable costing income statements for the two companies showing their different cost structures: Sales revenue Less: Variable cost Contribution margin Less: Fixed cost Net operating income Remo Company $ 295,000 198,000 $ 97,000 40,000 $ 57,000 Break-Even Sales Revenue Required: Calculate the break-even sales revenue for each company. Note: Round your "Contribution Margin Ratio" percentage to 2 decimal places (i.e. 0.1524 = 15.24%) and final answers to 2 decimal places. Angelo Incorporated $ 295,000 132,000 $ 163,000 106,000 $ 57,000 Remo Company Angelo Incorporated

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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