Multiple Choice Question 115 Oriole Company sells MP3 players for $70 each. Variable costs are $20...
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Homework Answers
Contribution margin ratio = (Selling price - Variable cost) / Selling price = ($70 - $20) / $70 = 0.71429 or 71.429%
Break-even sales = Fixed costs / Contribution margin ratio
Break-even sales = $120,000 / 0.71429
Break-even sales = $168,000
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Multiple Choice Question 115
Oriole Company sells MP3 players for $70 each. Variable costs are
$20...
Multiple Choice Question 116 Coronado Industries sells MP3 players for $50 each. Variable costs are $30...
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Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lin...
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