Assume the contribution margin ratio is 40% and variable costs are $20,000 and fixed costs are...
Assume the contribution margin ratio is 40% and variable costs are $20,000 and fixed costs are $300,000. What level of sales is necessary to break even?
a. $120,000
b. $320,000
c. $50,000
d. $750,000
Homework Answers
Breakeven sales=Fixed costs/contribution margin ratio
=300,000/0.4
which is equal to
=$750,000
Add Answer to:
Assume the contribution margin ratio is 40% and variable costs
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21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target...
21. Variable costs are $400,000 and the contribution margin (CM) ratio is 0.20 (20%). If target profit (net income) is $50,000, how much are fixed costs? a $75,000 b. $50,000 c. $350,000 d. $2,000,000 22. Contribution margin is the amount of sales revenue remaining after deducting a. mixed costs. b. fixed costs c. variable costs. d. factory overhead costs. 23. At Harry's Company, maintenance costs are a mixed cost. At the low level of activity (200 direct labor hours), maintenance...
A company has fixed costs of $120,000 per month and a contribution margin of 40%, what...
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Question 15 4 pts A company has a unit contribution margin of $120 and a contribution margin ratio of 40%. What is the...
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A company sells a product with a contribution margin ratio of 20%. The company's monthly fixed...
A company sells a product with a contribution margin ratio of
20%. The company's monthly fixed expense is $400,000 and the
company's monthly target profit is $100,000. The dollar sales
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A.
$2,500,000
B.
$1,500,000
C.
$625,000
D.
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to _______.
A.
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B.
number of units above break-even times contribution margin per
unit...
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A company sells a product with a contribution margin ratio of
20%. The company's monthly fixed expense is $400,000 and the
company's monthly target profit is $100,000. The dollar sales
required to attain the target profit are:
A.
$2,500,000
B.
$1,500,000
C.
$625,000
D.
$2,000,000
Sales above the break-even point will result in net profit equal
to _______.
A.
number of units above break-even times fixed cost per unit
B.
number of units above break-even times contribution margin per
unit...
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