Contribution margin=Sales-Variable cost
=(310,000-189100)=$120900
Contribution margin ratio=Contribution margin/Sales
=120900/310,000=0.39
Breakeven=Fixed expenses/Contribution margin ratio
=(111,150/0.39)
=$285000
Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues...
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